NOT LISTED FOR SALE
3 Beds
2 Baths
3,576 Sq Ft
3,691 Sq Ft Lot

Last Sold December 21, 2015

Last sale price $1,061,000 $297 Per Sq Ft

58 Days on Market

About This Home

As of December 2015

is pleased to present 1042-1048 Broadway, a charming 5-unit apartment building. This pride of ownership property was first developed in 1921 and has undergone extensive building improvements over the last few years. It consists of four two-bedroom units and one 1-bedroom unit. Each unit features hardwood floors, upgraded plumbing and electric systems, and new kitchen and bathroom vanities. In addition, the property is separately metered, offers two single car garages, and has a laundry facility on-site.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 10/12/2015

Last Buyer's Agent

Jim Lenahan

Berkshire Hathaway H.S.C.P. License #01954793

Berkshire Hathaway H.S.C.P.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 3,691 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,576 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Private Water Source

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 576601
  • Assessor Parcel Number 7265002030

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,135
  • Professional Management Expense $2,976
  • Water Sewer Expense $3,150
  • New Taxes Expense $12,766
  • Gross Income $6,200
  • Net Operating Income $47,777

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 310-363-4787
  • Professional Management Expense: 2976.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 3150.00
  • Property Type: Residential Income
  • Parcel Number: 7265002030
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 296.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3691.00
  • Price Per Lot Square Foot: 287.46
  • Lot Size Acres: 0.0850

Multi Family

  • Gross Income: 6200.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 2135.00
  • Lot Size Area: 3691.0000 Square Feet
  • Net Operating Income: 47777.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 24427.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12766.00
  • Tax Lot: 6
  • Tax Tract Number: 576601
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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
12/21/2015 12/21/15 Sold $1,061,000 +0.1% $297 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
10/12/2015 10/12/15 For Sale $1,060,000 -- $296 / 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 $16,259 $1,256,002 $947,036 $308,966
2024 $16,259 $1,231,375 $928,467 $302,908
2023 $15,982 $1,207,231 $910,262 $296,969
2022 $15,003 $1,183,561 $892,414 $291,147
2021 $14,696 $1,160,355 $874,916 $285,439
2019 $14,486 $1,125,940 $848,966 $276,974
2018 $14,104 $1,103,864 $832,320 $271,544
2016 $12,974 $1,061,000 $800,000 $261,000
2015 $5,122 $393,329 $234,770 $158,559
2014 $5,098 $385,626 $230,172 $155,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15223291

California Regional Multiple Listing Service (CRMLS)