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

Sale Details

Date 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

3,782 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $29,711 $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)
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