7862 2nd St Stanton, CA 90680-1681

This exceptional 11-unit apartment building in Stanton, CA presents a compelling investment opportunity. Boasting a desirable location near major attractions like Disneyland Resort and The Source OC Shopping Center, this property offers strong potential for future growth. Built in 1971 and extensively renovated in 2023, the property features a mix of one- and two-bedroom units, totaling 8,475 square feet of net rentable space. The building includes 20 parking spaces (11 garages and 9 surface spots), a renovated on-site laundry room, and attractive exterior features such as new paint, double-pane vinyl windows, and landscaping. Interior renovations include new vinyl plank flooring, granite countertops, lighting, vanities, and paint. The property benefits from a 100% occupancy rate, generating a current NOI of $189,043 and a pro-forma NOI of $204,175, representing a 5.43% cap rate and a pro-forma cap rate of 5.87%. The asking price is $3,480,000, or $316,363.64 per unit, and the property sits on a 0.45-acre lot. The building is all-electric, eliminating gas expenses, and features separately metered electricity and security screen doors. Upper units offer private balconies, and a tenant seating area is located at the rear of the building. This turnkey investment is a rare find in a high-demand area, offering immediate cash flow and significant upside potential. The property's strong financials, recent renovations, and prime location make it an ideal addition to any portfolio. The APN is 07923205.