NOT LISTED FOR SALE
10 Beds
6 Baths
5,242 Sq Ft
6,571 Sq Ft Lot

Last Sold February 17, 2023

Last sale price $1,800,000 $343 Per Sq Ft

135 Days on Market

About This Home

As of February 2023

LOCATION!! LOCATION!! LOCATION!! What an Investment Opportunity!! This is a beautiful 1960’s apartment building with 6 units - Ripe for a Face-Lift or Redevelop Altogether. There are Two - 1 bedroom / 1 bathroom units and Four - 2 bedroom / 1 bathroom units. Some units have small rear yards. There is covered carport parking in the back of the building and each unit gets one parking space. (recently retrofitted). Onsite Laundry room and separate office area with full bathroom. Several storage closets for mgmnt use.
2 units are vacant. The other 4 have month to month tenants.
The building is gated with a phone for security access.

Last Agent to Sell the Property

Patti Trevino

Realty One Group West License #01447839 Listed on: 08/31/2022

Realty One Group West

Last Buyer's Agent

Scott Tamkin

Compass License #01336758

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,571 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 5,242 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Legal Lot and Block 23 / 41
  • Tax Tract Number 67
  • Assessor Parcel Number 4263031023
  • $1,012 per year additional tax assessments

Community Details

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Insurance Expense $3,172
  • Other Expense $419
  • Professional Management Expense $2,624
  • Water Sewer Expense $9,981
  • Security Expense $902
  • Operating Expense $16,929
  • Gross Income $105,322
  • Net Operating Income $72,412

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 3.09
  • Price Per Unit: 416500
  • Professional Management Expense: 2624.00
  • Property Attached: Yes
  • Security Expense: 902.00
  • Water Sewer Expenses: 9981.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4263031023
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 343.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 6571.00
  • Lot Size Acres: 0.1508
  • Latitude Manual: 34.04216000

Multi Family

  • Gross Income: 105322.00
  • Gross Scheduled Income: 105311.00
  • Insurance Expense: 3172.00
  • Laundry Income: 11.00
  • Lot Size Area: 6571.0000 Square Feet
  • Net Operating Income: 72412.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 32899.00
  • Operating Expense Percent: 31.24
  • Other Expense: 419.00
  • Other Expense Description: postage
  • Rent Control: Yes
  • Total Expenses: 16929.00

Tax Info

  • Tax Block: 41
  • Tax Census Tract: 2674.06
  • Tax Lot: 23
  • Tax Tract Number: 0067
  • TaxOtherAnnualAssessmentAmount: 1012.00

Range of Values:

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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 Change Sq Ft Price
02/17/2023 02/17/23 Sold $1,800,000 -28.0% $343 / Sq Ft
01/25/2023 01/25/23 For Sale $2,499,000 0.0% $477 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
01/04/2023 01/04/23 Price Changed $2,499,000 0.0% $477 / Sq Ft
01/04/2023 01/04/23 For Sale $2,499,000 -16.7% $477 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
12/01/2022 12/01/22 Price Changed $2,999,000 -11.8% $572 / Sq Ft
10/05/2022 10/05/22 Price Changed $3,399,000 -6.9% $648 / Sq Ft
08/31/2022 08/31/22 For Sale $3,650,000 -- $696 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22191981

California Regional Multiple Listing Service (CRMLS)