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

Sale Details

Date 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

General NONMEMBER

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

7,444 Sq Ft Lot

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

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

Closed on
Mar 7, 2022
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
$1,511,250
Interest Rate
0.0376%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2019
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2017
Sold by
Bought by

Purchase Details

Closed on
May 26, 2016
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
$1,140,000
Interest Rate
0.0341%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 28, 2014
Closed on
Nov 18, 2014
Sold by
Bought by
Seller's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
Buyer's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
List Price
$995,000
Sold Price
$995,000

Purchase Details

Closed on
Jul 31, 2014
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
$710,000
Interest Rate
0.0408%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 1999
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
$225,000
Interest Rate
0.077%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 1998
Sold by
Bought by

Purchase Details

Closed on
May 20, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 1997
Sold by
Bought by

Purchase Details

Closed on
Nov 25, 1996
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Orange Coast Title
-- None Available
-- None Available
$1,575,000 Ticor Title
-- Accommodation
$995,000 Fidelity National Title Co
$300,000 First American Title
-- Stewart Title
-- Stewart Title
$210,000 Stewart Title
-- --
-- --
-- --
-- --
-- --
$234,832 Chicago Title Company
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 $1,511,250
Previous Owner $1,140,000
Previous Owner $710,000
Previous Owner $225,000
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 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

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
2025 $25,131 $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)
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