NOT LISTED FOR SALE
-- Bed
-- Bath
5,016 Sq Ft
5,787 Sq Ft Lot

Sale Details

Date Sold: January 25, 2013

Last sale price $2,100,000 $419 Per Sq Ft

57 Days on Market

Highlights

  • Granite Countertops
  • J. H. Mcgaugh Elementary School Rated A
  • No Heating

About This Home

As of January 2013

Century 21 Commercial is pleased to present for sale 141 14th St, in Seal Beach, CA. A meticulously maintained 7 unit apartment building, including a 1bd, non-conforming unit. The property offers a great mix of 5 spacious (2bd+1ba), 1 lrg (1bd+1ba) and a spacious 2 (2bd+2ba). The building is very low maintenance with plenty of recent renovations done to the interior & exterior of the units. This investment represents an opportunity to purchase a well maintained attractive, apartment building in the strong rental market of Seal Beach, CA. The property is located only 1 1/2 blocks from Pacific Ocean & walking distance of Downtown, Main St. & the Pier. The subject property was built in 1969. The building is separately metered for gas & electricity. Tenants enjoy the convenience of on-site garage parking & laundry. The building has been completely remodeled with granite counter tops, crown molding, all kitchens & bathrooms redone about 3 years ago including new appliances and windows.

Last Agent to Sell the Property

David Sarinana

Century 21 A Better Service License #00760251 Listed on: 11/19/2012

Century 21 A Better Service

Last Buyer's Agent

Michael Richards

Keller Williams Pacific Estate License #01308435

Keller Williams Pacific Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 5,787

Parking

  • 7 Parking Spaces

Home Design

  • 5,016 Sq Ft Home
  • Composition Roof

Additional Features

  • Granite Countertops
  • 5,787 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 39 / 13
  • Tax Tract Number 115
  • Assessor Parcel Number 19908137

Community Details

Overview

  • 7 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Insurance Expense $8,556
  • Other Expense $3,286
  • Professional Management Expense $6,000
  • New Taxes Expense $18,352
  • Gross Income $151,080
  • Net Operating Income $106,054

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

5,787 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.93
  • Professional Management Expense: 6000.00
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 19908137
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 418.66

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 7.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5787.00
  • Lot Size Acres: 0.1330

Multi Family

  • Gross Income: 151080.00
  • Gross Multiplier: 14.23
  • Gross Scheduled Income: 151080.00
  • Insurance Expense: 8556.00
  • Net Operating Income: 106054.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 7
  • Operating Expense: 40494.00
  • Other Expense: 3286.00

Tax Info

  • New Taxes Expense: 18352.00
  • Tax Area: 12024
  • Tax Block: 13
  • Tax Lot: 39
  • Tax Tract Number: 115

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2012
Closed on
Dec 14, 2012
Sold by
Bought by
Seller's Agent
David Sarinana
Century 21 A Better Service
Buyer's Agent
Michael Richards
Keller Williams Pacific Estate
List Price
$2,150,000
Sold Price
$2,100,000
Premium/Discount to List
-$50,000
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,265,000
Interest Rate
3.34%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 28, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 12, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,500
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,500
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Seal Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,100,000 Fidelity National Title Co
-- None Available
-- Stewart Title Irvine
$1,200,000 Security Union Title Ins Co
-- --
-- Fidelity National Title Ins
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,150,000
Previous Owner $1,265,000
Previous Owner $1,000,000
Previous Owner $528,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/25/2013 01/25/13 Sold $2,100,000 -2.3% $419 / Sq Ft
01/15/2013 01/15/13 Pending -- -- --
11/19/2012 11/19/12 For Sale $2,150,000 -- $429 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $32,124 $2,637,713 $1,884,084 $753,629
2025 $32,124 $2,585,994 $1,847,142 $738,852
2024 $31,513 $2,535,289 $1,810,924 $724,365
2023 $30,780 $2,485,578 $1,775,416 $710,162
2022 $30,417 $2,436,842 $1,740,604 $696,238
2021 $29,730 $2,389,061 $1,706,474 $682,587
2020 $29,730 $2,364,565 $1,688,977 $675,588
2019 $28,829 $2,318,201 $1,655,859 $662,342
2018 $27,537 $2,272,747 $1,623,392 $649,355
2017 $26,949 $2,228,184 $1,591,561 $636,623
2016 $26,427 $2,184,495 $1,560,354 $624,141
2015 $26,076 $2,151,682 $1,536,916 $614,766
2014 $25,438 $2,109,534 $1,506,810 $602,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1206002

California Regional Multiple Listing Service (CRMLS)
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