$3,915,000
SOLD FEB 14, 2022

10761 Chestnut St Unit A-H Los Alamitos, CA 90720

7 Beds
5 Baths
8,996 Sq Ft
0.33 Acres

Recently Sold

$435 Per Sq Ft

2% Below List Price

13 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Block Wall Fence
  • Richard Henry Lee Elementary School Rated A+
  • Landscaped
  • Wall Furnace

About This Home

As of February 2022

We are pleased to offer this trophy 8-unit multifamily investment opportunity located at 10761 Chestnut Ave. in Los Alamitos. This approximately 8996 square foot property has a great unit mix with mostly town home apartments built in the late 1980s. The property has had one owner since it's construction who has operated and maintained the building with great care and pride of ownership. This beautiful Mediterranean inspired building has a gorgeous courtyard and offers amenities including patios, balconies, garages, onsite parking, fireplaces, an onsite laundry room, wall AC and heat units, and a central hot water heater. The apartments are separately metered for gas and electricity. A few of the apartments have been tastefully and selectively upgraded during tenant turnovers including new granite countertops, new bathroom vanities, plank & tile flooring, new drought tolerant landscaping, and new cabinets. This is a gorgeous building with large apartments with close walking proximity to great shops, restaurants, and public transportation.

Last Agent to Sell the Property

Mark Roberts

Ray Roberts Realty License #01387723 Listed on: 11/06/2021

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.33 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • Fence is in good condition
  • Landscaped
  • Sprinkler System

Parking

  • 8 Open Parking Spaces
  • 8 Car Garage

Home Design

  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 8,996 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Fire Sprinkler System
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 192
  • Tax Tract Number 18
  • Assessor Parcel Number 24219218
  • $1 per year additional tax assessments

Community Details

Overview

  • 8 Units
  • Catalina Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Operating Expense $88,339
  • Gross Income $194,940
  • Net Operating Income $102,553

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

8

Listing Details

  • Other Phone Ext: 206
  • Other Phone Number: 5624303588
  • Price Per Unit: 500000
  • Property Attached: No
  • Security: Fire Sprinkler System
  • Subdivision Name Other: Catalina (CATL)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 24219218
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 435.19

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Good Condition
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Fireplace(s), Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Sprinkler System
  • Lot Size Sq Ft: 14248.00
  • Lot Size Acres: 0.3271

Multi Family

  • Gross Income: 194940.00
  • Gross Scheduled Income: 194940.00
  • Lot Size Area: 14248.0000 Square Feet
  • Net Operating Income: 102553.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 88339.00
  • Rent Control: No
  • Total Expenses: 88339.00
  • Vacancy Allowance: 5848

Tax Info

  • Tax Lot: 192
  • Tax Tract Number: 18
  • TaxOtherAnnualAssessmentAmount: 1.20

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $3,915,000 -2.1% $435 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $4,000,000 -- $445 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21243899

California Regional Multiple Listing Service (CRMLS)