NOT LISTED FOR SALE
3 Beds
3 Baths
9,888 Sq Ft
7,924 Sq Ft Lot

Last Sold November 19, 2024

Last sale price $2,950,000 $298 Per Sq Ft

162 Days on Market

Highlights

  • 0.18 Acre Lot
  • Property is near park
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • No HOA
  • Bike Trail

About This Home

As of November 2024

Prime building & location in Alamitos Beach and adjacent to Carroll Park neighborhood. First time for sale in 40 years! Large size units with a lots of character! New vinyl windows in several of the units. Newer roof! Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 1-(2 Br), 12-(1 Br's), 2-(Studio), 1-(Garage).

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates Brokerage Phone: 562-225-4848 License #00644779 Listed on: 04/03/2024

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,922 Sq Ft Lot
  • Lot Dimensions are 50' x 159'
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 9,888 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Property is near park

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 2
  • Tax Tract Number 3350
  • Assessor Parcel Number 7263006018
  • $2,650 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 15 Units
  • Alamitos Heights Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $6,400
  • Other Expense $12,294
  • Pest Control $1,448
  • Professional Management Expense $23,411
  • Supplies Expense $1,904
  • Trash Expense $1,000
  • Operating Expense $95,000
  • Gross Income $272,700
  • Net Operating Income $166,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

7,922 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 23411.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Heights (AH)
  • Supplies Expense: 1904.00
  • Zoning: LBR1N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 7263006018
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 298.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1448.00
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Watersports, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Park Nearby, Walkstreet
  • Lot Size: 50' X 159'
  • Lot Size Sq Ft: 7922.00
  • Lot Size Acres: 0.1819

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 660 Square Feet
  • Average2 Bed Area: 768 Square Feet
  • Average Studio Area: 600 Square Feet
  • Gross Income: 272700.00
  • Gross Multiplier: 12.30
  • Gross Operating Income: 264500.00
  • Gross Scheduled Income: 272700.00
  • Insurance Expense: 6400.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7922.0000 Square Feet
  • Net Operating Income: 166500.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 98000.00
  • Operating Expense Percent: 37.00
  • Other Expense: 12294.00
  • Other Expense Description: Utility
  • Other Income Description: Laundry leased with "WASH"
  • Rent Control: Yes
  • Total Actual Rent: 22400.00
  • Total Expenses: 95000.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5768.01
  • Tax Lot: 1
  • Tax Tract Number: 3350
  • TaxOtherAnnualAssessmentAmount: 2650.00
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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
11/19/2024 11/19/24 Sold $2,950,000 -11.9% $298 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
07/30/2024 07/30/24 Price Changed $3,350,000 -5.6% $339 / Sq Ft
06/06/2024 06/06/24 Price Changed $3,550,000 -5.3% $359 / Sq Ft
04/03/2024 04/03/24 For Sale $3,750,000 -- $379 / 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 $11,935 $2,950,000 $1,400,000 $1,550,000
2024 $11,935 $740,187 $261,234 $478,953
2023 $11,704 $725,674 $256,112 $469,562
2022 $11,042 $711,446 $251,091 $460,355
2021 $10,733 $697,497 $246,168 $451,329
2020 $10,703 $692,346 $243,644 $448,702
2019 $10,578 $678,811 $238,867 $439,944
2018 $10,266 $665,541 $234,184 $431,357
2016 $9,426 $637,778 $225,092 $412,686
2015 $9,091 $628,199 $221,711 $406,488
2014 $9,110 $615,894 $217,368 $398,526
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24057370

California Regional Multiple Listing Service (CRMLS)
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