7862 2nd St Stanton, CA 90680-1681
- Apartment buildings
- 8,458 SF
- 0.45 lot acres
Dec 06, 2023
Current Use by Public Records
- Apartment buildings
Property Details for 7862 2nd St
- Year built
- 1971
- Lot size
- 0.45 lot acres
- Property size
- 8,458 SF
- Property type
- Apartment buildings
- APN
- 079-232-05
- APU
- 7923205
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,995,000
- ML approach
- $2,900,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,690,000
- 6.5%
- $2,485,000
- 7%
- $2,305,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,425,000 Current use
- RETAIL STORES
- $4,120,000 Change: +20% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,055,000 Change: +18% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $3,970,000 Change: +16% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,775,000 Change: +10% Conversion: Difficult
- OFFICE BUILDING
- $3,630,000 Change: +6% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $2,865,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stanton
- County
- Orange
- State
- California
- Longitude
- -117.995
- Latitude
- 33.8127
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
