NOT LISTED FOR SALE
10 Beds
8 Baths
9,151 Sq Ft
8,265 Sq Ft Lot

Last Sold July 24, 2013

Last sale price $1,845,000 $202 Per Sq Ft

5 Days on Market

About This Home

As of July 2013

12 unit apartment building walking distance to beach. 6 garages included in rents. large lot from 2nd all the through to broadway. very stable tenants most very long term. Court yard style. Owner is starting paint for entire building. New copper plumbing in 2007

Last Agent to Sell the Property

Todd Turley

Coldwell Banker Realty License #01041359 Listed on: 06/01/2013

Coldwell Banker Realty

Last Buyer's Agent

KIMBERLY DARNEY

DARNEY REALTY License #01458057

DARNEY REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,265 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • 9,151 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 030
  • Assessor Parcel Number 7265019045

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,620
  • Gardener Expense $1,080
  • Insurance Expense $3,000
  • Maintenance Expense $1,500
  • Trash Expense $800
  • Water Sewer Expense $1,700
  • New Taxes Expense $21,645
  • Gross Income $12,783
  • Net Operating Income $120,616

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1700.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 7265019045
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 201.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 8265.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 1620.00
  • Gross Income: 12783.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 153396.00
  • Gross Spendable Income: 40804.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 8265.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 120616.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 32780.00
  • Rent Control: No
  • Vacancy Allowance Rate: 0.70

Tax Info

  • New Taxes Expense: 21645.00
  • Taxes Percent: 1.17
  • Tax Lot: 030
  • Tax Rate: 1.17
  • Tax Tract Number: 000
  • Tax Year: 2012
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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
07/24/2013 07/24/13 Sold $1,845,000 -0.5% $202 / Sq Ft
06/06/2013 06/06/13 Pending -- -- --
06/01/2013 06/01/13 For Sale $1,855,000 -- $203 / 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 $32,217 $2,454,674 $1,587,663 $867,011
2024 $32,217 $2,406,544 $1,556,533 $850,011
2023 $31,663 $2,359,358 $1,526,013 $833,345
2022 $29,735 $2,313,097 $1,496,092 $817,005
2021 $26,983 $2,089,471 $1,359,005 $730,466
2020 $26,911 $2,070,547 $1,345,071 $725,476
2019 $26,596 $2,029,998 $1,318,698 $711,300
2018 $25,902 $1,990,244 $1,292,842 $697,402
2016 $23,815 $1,910,560 $1,242,641 $667,919
2015 $22,872 $1,881,863 $1,223,976 $657,887
2014 $22,748 $1,845,000 $1,200,000 $645,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13102958

California Regional Multiple Listing Service (CRMLS)