NOT LISTED FOR SALE
1 Bed
2 Baths
12,566 Sq Ft
8,271 Sq Ft Lot

Last Sold October 09, 2023

Last sale price $3,900,000 $310 Per Sq Ft

91 Days on Market

About This Home

As of October 2023

Walk in Closet with Dressing Area, Built-in Dresser Full Kitchen, Stove and Refrigerator included Custom Laid Ceramic Tile in Bathroom & Kitchen
Charming & Well Maintained Building Carpet & Vertical Blinds
Laundry on Premises View by appointment only No Pets

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 03/27/2023

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 8,271 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • 12,566 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 5 / 129
  • Tax Tract Number 576503
  • Assessor Parcel Number 7275013018
  • $3,338 per year additional tax assessments

Community Details

Overview

  • 20 Units
  • Alamitos Beach Subdivision

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,849
  • Fuel Expense $1,849
  • Gardener Expense $1,000
  • Insurance Expense $9,498
  • Maintenance Expense $13,100
  • Professional Management Expense $35,320
  • Trash Expense $1,849
  • Water Sewer Expense $1,849
  • New Taxes Expense $55,000
  • Operating Expense $117,718
  • Gross Income $281,583
  • Net Operating Income $163,865

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Professional Management Expense: 35320.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1849.20
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7275013018
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 310.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1849.20
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 8271.00
  • Lot Size Acres: 0.1899

Multi Family

  • Electric Expense: 1849.20
  • Fuel Expense: 1849.20
  • Gross Income: 281583.00
  • Gross Scheduled Income: 290292.00
  • Insurance Expense: 9498.00
  • Lot Size Area: 8271.0000 Square Feet
  • Maintenance Expense: 13100.00
  • Net Operating Income: 163865.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 117718.00
  • Rent Control: No
  • Total Expenses: 117718.00

Tax Info

  • New Taxes Expense: 55000.00
  • Tax Block: 129
  • Tax Census Tract: 5765.03
  • Tax Lot: 5
  • Tax Tract Number: 576503
  • TaxOtherAnnualAssessmentAmount: 3338.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
01/04/2026 01/04/26 Off Market $1,695 -- --
10/20/2025 10/20/25 Price Changed $1,695 +4.3% $2 / Sq Ft
10/15/2025 10/15/25 Price Changed $1,625 +1.9% $2 / Sq Ft
09/29/2025 09/29/25 Price Changed $1,595 -5.9% $2 / Sq Ft
09/11/2025 09/11/25 For Rent $1,695 0.0% --
10/09/2023 10/09/23 Sold $3,900,000 -11.4% $310 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
05/24/2023 05/24/23 Price Changed $4,400,000 -2.2% $350 / Sq Ft
03/27/2023 03/27/23 For Sale $4,500,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $51,958 $3,978,000 $2,550,000 $1,428,000
2024 $51,958 $3,900,000 $2,500,000 $1,400,000
2023 $12,780 $747,263 $158,067 $589,196
2022 $12,071 $732,612 $154,968 $577,644
2021 $11,711 $718,248 $151,930 $566,318
2019 $11,540 $698,767 $147,425 $551,342
2018 $11,184 $685,103 $144,535 $540,568
2016 $10,267 $656,752 $138,923 $517,829
2015 $9,915 $646,888 $136,837 $510,051
2014 $9,958 $634,217 $134,157 $500,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23048232

California Regional Multiple Listing Service (CRMLS)