NOT LISTED FOR SALE
1 Bed
1 Bath
4,482 Sq Ft
5,724 Sq Ft Lot

Last Sold October 21, 2021

Last sale price $2,125,000 $474 Per Sq Ft

52 Days on Market

Highlights

  • Property is near park
  • No HOA
  • Laundry Room
  • Woodrow Wilson High School Rated A

About This Home

As of October 2021

This well established 8 Plex has been owned for Generations.Many Long Term Tenants.Quiet and serene environment.

Last Agent to Sell the Property

Tim Branoff

First Team Real Estate License #01047924 Listed on: 07/01/2021

First Team Real Estate

Co-Listed By

Karen Branoff

First Team Real Estate License #01002474

Last Buyer's Agent

George Bustamante

Coldwell Banker Commercial License #01484265

Coldwell Banker Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,725 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 4,482 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room

Location

  • Property is near park
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Tax Lot 80
  • Tax Tract Number 577
  • Assessor Parcel Number 7241009009

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Alamitos Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $794
  • Fuel Expense $589
  • Gardener Expense $1,440
  • Insurance Expense $1,400
  • Other Expense $66
  • Professional Management Expense $5,796
  • Supplies Expense $120
  • Trash Expense $1,200
  • Water Sewer Expense $1,846
  • Operating Expense $11,665
  • Gross Income $120,106
  • Net Operating Income $114,966

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

5,725 Sq Ft Lot

Listing Details

  • CapRate: 5.20
  • Professional Management Expense: 5796.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Supplies Expense: 120.00
  • Water Sewer Expenses: 1846.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7241009009
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 474.12

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby, Walkstreet
  • Lot Size Sq Ft: 5725.00
  • Lot Size Acres: 0.1314

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Electric Expense: 794.00
  • Fuel Expense: 589.00
  • Gross Income: 120106.00
  • Gross Operating Income: 117606.00
  • Gross Scheduled Income: 120106.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 5725.0000 Square Feet
  • Net Operating Income: 114966.00
  • Number Of Units Total: 8
  • Operating Expense: 2640.00
  • Other Expense: 66.00
  • Other Expense Description: fire Ex
  • Rent Control: No
  • Total Expenses: 11665.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Lot: 80
  • Tax Tract Number: 577...
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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
10/21/2021 10/21/21 Sold $2,125,000 -11.4% $474 / Sq Ft
08/10/2021 08/10/21 Price Changed $2,399,000 -2.1% $535 / Sq Ft
07/01/2021 07/01/21 For Sale $2,450,000 0.0% $547 / Sq Ft
07/31/2019 07/31/19 Rented $1,400 0.0% --
07/29/2019 07/29/19 Under Contract -- -- --
07/17/2019 07/17/19 For Rent $1,400 +7.7% --
04/20/2018 04/20/18 Rented $1,300 0.0% --
04/16/2018 04/16/18 Under Contract -- -- --
03/28/2018 03/28/18 For Rent $1,300 0.0% --
01/12/2018 01/12/18 Rented $1,300 0.0% --
12/29/2017 12/29/17 For Rent $1,300 +36.8% --
02/18/2015 02/18/15 Rented $950 0.0% --
02/18/2015 02/18/15 For Rent $950 +5.6% --
12/17/2014 12/17/14 Rented $900 0.0% --
11/17/2014 11/17/14 Under Contract -- -- --
11/04/2014 11/04/14 For Rent $900 0.0% --
04/01/2013 04/01/13 Rented $900 0.0% --
03/26/2013 03/26/13 Under Contract -- -- --
02/20/2013 02/20/13 For Rent $900 0.0% --
01/26/2013 01/26/13 Rented $900 0.0% --
01/26/2013 01/26/13 Under Contract -- -- --
12/18/2012 12/18/12 For Rent $900 +5.9% --
05/01/2012 05/01/12 Rented $850 0.0% --
05/01/2012 05/01/12 Under Contract -- -- --
04/06/2012 04/06/12 For Rent $850 -- --
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 $28,876 $2,255,066 $1,464,467 $790,599
2024 $28,876 $2,210,850 $1,435,752 $775,098
2023 $28,383 $2,167,500 $1,407,600 $759,900
2022 $26,634 $2,125,000 $1,380,000 $745,000
2021 $9,232 $666,986 $432,192 $234,794
2019 $9,100 $647,925 $419,374 $228,551
2018 $8,832 $635,235 $411,151 $224,084
2016 $8,127 $609,879 $395,187 $214,692
2015 $7,819 $600,719 $389,251 $211,468
2014 $7,803 $588,953 $381,627 $207,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21143446

California Regional Multiple Listing Service (CRMLS)
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