NOT LISTED FOR SALE

10651 Walnut St Los Alamitos, CA 90720

Estimated Value: $963,852 - $1,480,000

4 Beds
3 Baths
1,799 Sq Ft
$712/Sq Ft Est. Value

Last Sold August 19, 2015

Last sale price $690,000 $384 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $7,598/month

31 Days on Market

Highlights

  • Level Lot
  • Richard Henry Lee Elementary School Rated A+
  • 1-Story Property

About This Home

As of August 2015

Great Investment Property. 3 houses on a 55’ X 150’ lot that is zoned R-3 Multi Family Residence. Units need some TLC but have tremendous potential. Near public transit, stores, restaurants and award winning schools. Front house is 2 bed one bath with approx 864 SF and a one car attached garage. Middle house is approx. 512 SF one bedroom, one bath and detached garage. Third house is approx. 432 SF one bedroom, one bath with a detached garage. Actual rents on the one bedroom units are $845 and $900 with long term tenants. Projected rent on the 2 bedroom is $2,000.

Last Agent to Sell the Property

Mark Raidy

Raidy Realty License #00695168 Listed on: 07/11/2015

Last Buyer's Agent

Sonny Nguyen

Selective Home Inv. Realty Inc License #01936168

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,618

Year Built

  • Built in 1950

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,799 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 20
  • Tax Tract Number 441
  • Assessor Parcel Number 24223119

Community Details

Overview

  • 4 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $444
  • Water Sewer Expense $1,560
  • New Taxes Expense $7,622
  • Gross Income $3,795
  • Net Operating Income $41,472

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,618

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1560.00
  • Property Type: Residential Income
  • Parcel Number: 24223119
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 383.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 444.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 83.37
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Gross Income: 3795.00
  • Gross Scheduled Income: 45540.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 41472.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4068.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7622.00
  • Tax Lot: 20
  • Tax Tract Number: 441

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2015
Closed on
Jul 27, 2015
Sold by
Fusco Marjorie L
Bought by
The Pspdbp Trust
Seller's Agent
Mark Raidy
Raidy Realty
Buyer's Agent
Sonny Nguyen
Selective Home Inv. Realty Inc
List Price
$699,900
Sold Price
$690,000
Premium/Discount to List
-$9,900
-1.41%
Current Estimated Value
$1,281,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,713
Avg. Annual Appreciation
6.28%

Purchase Details

Closed on
Nov 18, 2003
Sold by
Fusco Robert E and Fusco Marjorie L
Bought by
Fusco Robert E and Fusco Marjorie L

Purchase Details

Closed on
Aug 2, 1999
Sold by
Fusco Robert E and Fusco Marjorie L
Bought by
Fusco Robert E and Fusco Marjorie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 1998
Sold by
Fusco Robert E and Fusco Marjorie L
Bought by
Fusco Robert E and Fusco Marjorie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Pspdbp Trust $690,000 Wfg National Title
Fusco Robert E -- --
Fusco Robert E -- Orange Coast Title
Fusco Robert E -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fusco Robert E $232,000
Previous Owner Fusco Robert E $206,000
Closed Fusco Robert E $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2015 08/19/15 Sold $690,000 -1.4% $384 / Sq Ft
07/21/2015 07/21/15 Pending -- -- --
06/20/2015 06/20/15 For Sale $699,900 -- $389 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,618 $816,818 $757,768 $59,050
2024 $9,618 $800,802 $742,909 $57,893
2023 $9,398 $785,100 $728,342 $56,758
2022 $9,360 $769,706 $714,060 $55,646
2021 $9,159 $754,614 $700,059 $54,555
2020 $9,189 $746,877 $692,881 $53,996
2019 $8,861 $732,233 $679,295 $52,938
2018 $8,447 $717,876 $665,976 $51,900
2017 $8,270 $703,800 $652,917 $50,883
2016 $8,113 $690,000 $640,114 $49,886
2015 $1,099 $49,127 $21,556 $27,571
2014 $1,064 $48,165 $21,134 $27,031
Source: Public Records

Agents Affiliated with this Home

  • Mark Raidy

    Seller's Agent in 2015

    Mark Raidy

    Raidy Realty

    (714) 478-6851

    31 Total Sales

    Mark Raidy
    Section Image

  • S

    Buyer's Agent in 2015

    Sonny Nguyen

    Selective Home Inv. Realty Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15135343

California Regional Multiple Listing Service (CRMLS)

APN: 242-231-19

California Orange County Los Alamitos 90720

10651 Walnut St, Los Alamitos, CA

This home is located at 10651 Walnut St, Los Alamitos, CA 90720 since 11 July 2015 and is currently estimated at $1,281,713, approximately $712 per square foot. This property was built in 1950. 10651 Walnut St is a home located in Orange County with nearby schools including Richard Henry Lee Elementary School, Jack L. Weaver Elementary School, and Oak Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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