NOT LISTED FOR SALE
8 Beds
4 Baths
4,672 Sq Ft
5,407 Sq Ft Lot

Last Sold June 27, 2012

Last sale price $625,000 $134 Per Sq Ft

16 Days on Market

Highlights

  • Spanish Architecture
  • 5-minute walk to Anaheim Station
  • No Heating
  • Long Beach Polytechnic High School Rated A
  • Wood Siding

About This Home

As of June 2012

A six-unit two-story apartment building constructed in 1915 of wood frame and stucco. The unit mix consists of two-single/one-bath units, two one-bedroom/one-bath units, and one three-bedroom/one-and a- half bath unit, one four-bedroom/one-bathroom unit and two garages. Gas and electric are separately metered and paid by each of the tenants, keeping the expenses to a minimum for the owner. The property runs very efficiently with low maintenance and has retained long-term tenants.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 03/24/2012

Last Buyer's Agent

Marty Stone

Buckingham Investments License #00416755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 5,407

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Parking Lot

Home Design

  • 4,672 Sq Ft Home
  • Spanish Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,407 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 7273007038

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $415
  • Insurance Expense $2,136
  • Maintenance Expense $3,600
  • Other Expense $1,500
  • Professional Management Expense $4,147
  • Water Sewer Expense $1,817
  • New Taxes Expense $7,959
  • Gross Income $6,060
  • Net Operating Income $48,986

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

5,407 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 7.84
  • Professional Management Expense: 4147.00
  • View: No
  • Water Sewer Expenses: 1817.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7273007038
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 133.78

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Garage Faces Front, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5407.00
  • Lot Size Acres: 0.1240

Multi Family

  • Electric Expense: 415.00
  • Gross Income: 6060.00
  • Gross Multiplier: 8.59
  • Gross Scheduled Income: 72720.00
  • Insurance Expense: 2136.00
  • Lot Size Area: 5407.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 48986.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 21574.00
  • Other Expense: 1500.00
  • Other Expense Description: Misc/Res

Tax Info

  • New Taxes Expense: 7959.00
  • Tax Area: 11934
  • Tax Lot: 0.
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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
06/27/2012 06/27/12 Sold $625,000 0.0% $134 / Sq Ft
04/09/2012 04/09/12 Pending -- -- --
03/24/2012 03/24/12 For Sale $625,000 -- $134 / 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 $14,968 $1,120,055 $781,199 $338,856
2024 $14,968 $1,098,094 $765,882 $332,212
2023 $14,707 $1,076,564 $750,865 $325,699
2022 $13,819 $1,055,456 $736,143 $319,313
2021 $13,520 $1,034,761 $721,709 $313,052
2019 $13,327 $1,004,751 $700,303 $304,448
2018 $12,954 $985,064 $686,572 $298,492
2016 $11,915 $946,161 $659,912 $286,249
2015 $8,385 $659,787 $462,929 $196,858
2014 $8,276 $640,393 $450,837 $189,556
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P817459

California Regional Multiple Listing Service (CRMLS)
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