Seller's Agent in 2024
Damien Breaux
Morgan Skenderian
(949) 584-0503
1 in this area
40 Total Sales
Estimated Value: $5,194,434
3
Beds
3
Baths
7,672
Sq Ft
$677/Sq Ft
Est. Value
Highlights
- 0.2 Acre Lot
- Corner Lot
- 1-Story Property
- Agnes L. Smith Elementary Rated A-
- Laundry Room
About This Home
As of April 2024Offered for the first time in more than 40 years, we are pleased to present 123 6th Street (also listed at 605 Walnut Avenue). At 15 units, this is one of the larger multifamily properties in downtown. Ideally located on the “100 Block,” residents are just steps from the beach, The Strand, and Main Street. By updating the units and bringing rents closer to market levels, the new owner can take advantage of enormous upside potential.
The entire building was re-piped in 2005, and the electrical system was upgraded in 2004. Additionally, the roof was replaced in 2012, while the windows were redone in 2015.
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01460301 Listed on: 09/25/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,788
Year Built
- Built in 1926
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Home Design
- Apartment
Interior Spaces
- 7,672 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 23 / 106
- Tax Tract Number 352
- Assessor Parcel Number 02415105
- $3,424 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 16 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $3,298
- Fuel Expense $3,298
- Gardener Expense $1,800
- Insurance Expense $4,688
- Maintenance Expense $12,330
- Other Expense $2,000
- Trash Expense $3,298
- Water Sewer Expense $3,298
- New Taxes Expense $62,027
- Operating Expense $99,459
- Gross Income $1,200
- Net Operating Income $106,045
Additional Features
- 15 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 1, 2024
Sold by
Mikhopadhyay Asok K and Mukhopadhyay Asok K
Bought by
Storefront Hb Llc and Storefront Hb X Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,350,000
Interest Rate
6.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 7, 2022
Sold by
Ashoka Investments
Bought by
Jayashri V Reddy Trust
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Storefront Hb Llc | $5,000,000 | Ticor Title | |
| Jayashri V Reddy Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Storefront Hb Llc | $4,350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2024 04/04/24 | Sold | $5,000,000 | -11.9% | $652 / Sq Ft |
| 01/30/2024 01/30/24 | Pending | -- | -- | -- |
| 09/25/2023 09/25/23 | For Sale | $5,675,000 | -- | $740 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,788 | $5,100,000 | $4,543,330 | $556,670 |
| 2024 | $12,788 | $827,916 | $282,161 | $545,755 |
| 2023 | $12,461 | $811,683 | $276,629 | $535,054 |
| 2022 | $12,121 | $795,768 | $271,205 | $524,563 |
| 2021 | $11,918 | $780,165 | $265,887 | $514,278 |
| 2020 | $11,826 | $772,166 | $263,161 | $509,005 |
| 2019 | $11,720 | $757,026 | $258,001 | $499,025 |
| 2018 | $11,551 | $742,183 | $252,942 | $489,241 |
| 2017 | $11,402 | $727,631 | $247,982 | $479,649 |
| 2016 | $10,985 | $713,364 | $243,119 | $470,245 |
| 2015 | $10,865 | $702,649 | $239,467 | $463,182 |
| 2014 | $10,645 | $688,886 | $234,777 | $454,109 |
Source: Public Records
Agents Affiliated with this Home
-
Damien Breaux
-
Rick Applebaum
Buyer's Agent in 2024
Rick Applebaum
Morgan Skenderian
(949) 251-8800
2 in this area
63 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23179086
APN: 024-151-05
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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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