NOT LISTED FOR SALE
12 Beds
10 Baths
5,129 Sq Ft
7,444 Sq Ft Lot

Last Sold August 18, 2016

Last sale price $1,575,000 $307 Per Sq Ft

21 Days on Market

About This Home

As of August 2016

Sharp 10 unit building all but 1 of the units have been updated. 5 garages + a laundry room for extra income. The owner is trading up so motivated to sell. Still room to move the rents up. Property has 4 - 2 bedroom units, 4 - 1 bedroom units, and 2 - studios. The studio rented at $500 is the only unit that was not updated.

Last Agent to Sell the Property

Marty Stone

BUCKINGHAM INVESTMENTS License #00416755 Listed on: 04/06/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,444 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage

Home Design

  • 5,129 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 2
  • Assessor Parcel Number 7268036021

Community Details

Overview

  • 3 Buildings
  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,056
  • Insurance Expense $3,600
  • Maintenance Expense $6,000
  • Water Sewer Expense $6,000
  • New Taxes Expense $19,140
  • Gross Income $10,100
  • Net Operating Income $84,924

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 6000.00
  • Property Type: Residential Income
  • Gardener Expense: 1056.00
  • Parcel Number: 7268036021
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 307.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Electric: Electricity - On Property
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7444.00
  • Price Per Lot Square Foot: 211.58

Multi Family

  • Gross Income: 10100.00
  • Gross Scheduled Income: 121320.00
  • Insurance Expense: 3600.00
  • Maintenance Expense: 6000.00
  • Net Operating Income: 84924.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 36396.00
  • Operating Expense Percent: 30.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 19140.00
  • Tax Lot: 20
  • Tax Tract Number: 2
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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 Prior Sale
08/18/2016 08/18/16 Sold $1,575,000 -1.3% $307 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $1,595,000 +60.3% $311 / Sq Ft
10/08/2014 10/08/14 Sold $995,000 0.0% $194 / Sq Ft View Prior Sale
07/02/2014 07/02/14 Pending -- -- --
06/28/2014 06/28/14 For Sale $995,000 -- $194 / Sq Ft
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 $24,050 $1,827,919 $580,292 $1,247,627
2024 $24,050 $1,792,078 $568,914 $1,223,164
2023 $23,632 $1,756,940 $557,759 $1,199,181
2022 $22,193 $1,722,491 $546,823 $1,175,668
2021 $21,732 $1,688,717 $536,101 $1,152,616
2019 $21,421 $1,638,990 $520,200 $1,118,790
2018 $20,826 $1,606,860 $510,000 $1,096,860
2016 $12,999 $1,010,173 $304,575 $705,598
2015 $12,494 $995,000 $300,000 $695,000
2014 $5,562 $369,859 $112,835 $257,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN16070888

California Regional Multiple Listing Service (CRMLS)