NOT LISTED FOR SALE
2 Beds
1 Bath
4,352 Sq Ft
7,492 Sq Ft Lot

Sale Details

Date Sold: January 16, 2019

Last sale price $1,435,000 $330 Per Sq Ft

16 Days on Market

About This Home

As of January 2019

Van Buren Street Apartments, a multifamily community comprised of 4 units in Midway City, California. Investment Highlights: *5%+ Market CAP *Value add opportunity - 29% Upside in Gross Potential Rents *Strong rental market of Midway City, near the intersection of Beach Boulevard and Bolsa Avenue *Large floor plans averaging 1,088 SF *Year Built: 1984 *Building Size: 4,352 RSF (Lot Size: 7,492 SF) *Unit Mix: Two (2) two-bedroom one-bathroom units, one (1) two-bedroom two-and one-half-bathroom townhome unit, one (1) three-bedroom two-and-one-half-bathroom townhome unit *Parking: (7) single-car garages & (2) open spaces *Tenants benefit from the many shopping options along the corridor of Beach Boulevard

Last Agent to Sell the Property

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 10/10/2018

Last Buyer's Agent

Kevin Bui

Professional R.E. Center, Inc. License #01366302

Professional R.E. Center, Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 7,492 Sq Ft Lot

Parking

  • 9 Parking Spaces

Interior Spaces

  • 4,352 Sq Ft Home
  • 2-Story Property

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 097-134-07

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

7,492 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4352
  • Stories: 2
  • Year Built: 1984
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 325.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 9

Lot Info

  • Assessed Improvement Value: 353889
  • Assessed Land Value: 128951
  • Assessor Parcel Number: 097-134-07
  • Geocode Override: No
  • Lot Size Area: 7492

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.93
  • Number Of Units: 4
  • Type Of Units: Apartments

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
Oct 31, 2018
Sold by
Yamada Mitsuru
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
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 1998
Sold by
Mitsuru Yamada and Mitsuru Shigeru
Bought by
Yamada Mitsuru and Yamada Shigeru
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,435,000 Fidelity National Title
Yamada Mitsuru -- --
Yamada Shigeru -- --
Yamada Mitsuru -- --
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
Previous Owner $1,000,000
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
01/16/2019 01/16/19 Sold $1,435,000 +1.4% $330 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
10/10/2018 10/10/18 For Sale $1,415,000 -- $325 / Sq Ft
Source: The MLS

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 $20,013 $1,632,782 $1,330,197 $302,585
2025 $19,737 $1,600,767 $1,304,115 $296,652
2024 $19,737 $1,569,380 $1,278,544 $290,836
2023 $19,072 $1,538,608 $1,253,474 $285,134
2022 $18,775 $1,508,440 $1,228,896 $279,544
2021 $18,300 $1,478,863 $1,204,800 $274,063
2020 $18,091 $1,463,700 $1,192,447 $271,253
2019 $7,589 $502,345 $134,160 $368,185
2018 $7,582 $492,496 $131,530 $360,966
2017 $7,343 $482,840 $128,951 $353,889
2016 $7,152 $473,373 $126,423 $346,950
2015 $7,045 $466,263 $124,524 $341,739
2014 $6,909 $457,130 $122,085 $335,045
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-395710

The MLS

APN: 097-134-07

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