NOT LISTED FOR SALE

18311 Patterson Ln Huntington Beach, CA 92646

9 Beds
5 Baths
4,441 Sq Ft
9,583 Sq Ft Lot

Last Sold December 23, 2016

Last sale price $1,650,000 $372 Per Sq Ft

22 Days on Market

Highlights

  • No HOA
  • Living Room
  • Carpet
  • Ocean View High Rated A-
  • Laundry Room

About This Home

As of December 2016

Pristine and well maintained high income fully occupied 4 unit apartment building. Great curb appeal on a quiet and clean Cul-De-Sac. conveniently located within close proximity to shopping, freeway and the beach. Five Points Shopping Center & Trader Joe's are within walking distance. Large 2 story 3BR/2.5BA attached 2 car garage, with patio and fireplace, two 2BR/1.5BA townhouse style apartment with patio and detached one car garage, One 2BR/1BA apartment on the second floor with a detached one car garage. New exterior paint, two of the units have recently been remodeled, entire property was re-plumbed with copper, all units have washer and dryer hookups inside the garages, total of 6 garages.

Last Agent to Sell the Property

Ramin Favakehi

Ramin Favakehi, Broker License #01006682 Listed on: 10/13/2016

Last Buyer's Agent

Erika Alvarez

RE/MAX Select One License #01258406

RE/MAX Select One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,044

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot
  • 1 Common Wall

Parking

  • 6 Car Garage

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,441 Sq Ft Home
  • 2-Story Property
  • Living Room

Kitchen

  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Water Heater
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 7512
  • Assessor Parcel Number 15735204

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Gardener Expense $1,500
  • Insurance Expense $1,721
  • Trash Expense $1,160
  • Water Sewer Expense $3,363
  • New Taxes Expense $14,044
  • Gross Income $200
  • Net Operating Income $73,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,044

Year Built

Built in 1972

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Subdivision Name Other: Huntington West (HWST)
  • View: No
  • Water Sewer Expenses: 3363.00
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 15735204
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 371.54
  • Room Type: Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Available
  • Laundry: Yes
  • Appliances: Dishwasher, Range Hood, Water Heater
  • Laundry Features: In Garage
  • Sewer: Unknown
  • Trash Expense: 1160.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9583.00

Multi Family

  • Gross Income: 200.00
  • Gross Scheduled Income: 95040.00
  • Insurance Expense: 1721.00
  • Net Operating Income: 73252.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21788.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14044.00
  • Tax Census Tract: 992.35
  • Tax Lot: 21
  • Tax Tract Number: 7512
  • Tax Annual Amount: 14044.00
  • Tax Year: 2016

Range of Values:

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Sold Price
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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 Prior Sale
12/23/2016 12/23/16 Sold $1,650,000 -7.3% $372 / Sq Ft
11/04/2016 11/04/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $1,779,000 0.0% $401 / Sq Ft
09/15/2016 09/15/16 Rented $1,950 -21.8% --
09/11/2016 09/11/16 Rented $2,495 +42.6% --
09/01/2016 09/01/16 For Rent $1,750 -29.9% --
08/22/2016 08/22/16 Price Changed $2,495 -7.4% $2 / Sq Ft
07/30/2016 07/30/16 For Rent $2,695 0.0% --
04/20/2016 04/20/16 Sold $1,370,000 +6.6% $308 / Sq Ft View Prior Sale
04/05/2016 04/05/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $1,285,000 -- $289 / 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: OC16725018

California Regional Multiple Listing Service (CRMLS)

APN: 157-352-04