NOT LISTED FOR SALE
6 Beds
5 Baths
4,288 Sq Ft
3,782 Sq Ft Lot

Last Sold August 21, 2014

Last sale price $795,000 $185 Per Sq Ft

12 Days on Market

Highlights

  • 0.09 Acre Lot
  • Wood Flooring
  • No HOA
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2014

Alamitos Beach, Excellent low vacancy rental area. Consisting of four - LARGE 1 bedroom apts. in the front building; and one (two story) 2 Br. separate apt. in the rear of the lot. All apts. have beautiful hardwood floors! Lots of character with built-ins and formal dining rooms. Kitchens have been remodeled. Present rents are below market (but the tenants are all great!). Only 12 X's pro-forma rents! Desirable rental area walk to the beach. The drive-way between this bldg. and the one on the right is a "shared" common driveway.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 03/28/2014

Last Buyer's Agent

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 03/28/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 3,782 Sq Ft Lot
  • Lot Dimensions are 50.5 x 75
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 4,288 Sq Ft Home
  • Property Attached
  • Flat Roof Shape
  • Composition Roof

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Gas Cooktop
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 4 / 96
  • Tax Tract Number 7265
  • Assessor Parcel Number 7265002027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 2 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $490
  • Insurance Expense $2,423
  • Maintenance Expense $4,000
  • Professional Management Expense $3,252
  • Supplies Expense $430
  • Water Sewer Expense $738
  • New Taxes Expense $9,140
  • Gross Income $4,810
  • Net Operating Income $34,851

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.40
  • Professional Management Expense: 3252.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Supplies Expense: 430.00
  • Water Sewer Expenses: 738.00
  • Property Type: Residential Income
  • Gardener Expense: 490.00
  • Parcel Number: 7265002027
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 185.40

Exterior Features

  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Appliances: Gas Cooktop, Gas Water Heater, Refrigerator
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 50.5 X 75
  • Lot Size Sq Ft: 3782.00
  • Lot Size Acres: 0.0870

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 875
  • Average2 Bed Area: 800
  • Gross Income: 4810.00
  • Gross Multiplier: 13.77
  • Gross Scheduled Income: 57720.00
  • Insurance Expense: 2423.00
  • Lot Size Area: 3782.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 34851.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 21139.00
  • Operating Expense Percent: 36.00
  • Other Income Description: Storage
  • Rent Control: No
  • Total Actual Rent: 4810.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9140.00
  • Tax Block: 96
  • Tax Lot: 4
  • Tax Tract Number: 7265
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2014 08/21/14 Sold $795,000 0.0% $185 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
03/28/2014 03/28/14 For Sale $795,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,423 $2,263,136 $1,392,699 $870,437
2024 $28,423 $2,218,762 $1,365,392 $853,370
2023 $27,951 $2,175,258 $1,338,620 $836,638
2022 $26,217 $2,132,607 $1,312,373 $820,234
2021 $25,707 $2,090,792 $1,286,641 $804,151
2020 $25,640 $2,069,355 $1,273,449 $795,906
2019 $25,339 $2,028,780 $1,248,480 $780,300
2018 $24,729 $1,989,000 $1,224,000 $765,000
2016 $9,971 $807,123 $507,625 $299,498
2015 $9,575 $795,000 $500,000 $295,000
2014 $5,038 $384,903 $196,840 $188,063
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14062992

California Regional Multiple Listing Service (CRMLS)