NOT LISTED FOR SALE
3 Beds
3 Baths
9,888 Sq Ft
7,922 Sq Ft Lot

Sale Details

Date 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
  • Bike Trail
  • Woodrow Wilson High School Rated A
  • No HOA
  • Laundry Facilities

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

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Sep 20, 2024
Sold by
Bought by
Seller's Agent
Mark Kachigan
Pabst, Kinney & Associates
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$3,750,000
Sold Price
$2,950,000
Premium/Discount to List
-$800,000
-21.33%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2020
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.27%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Alamitos Beach, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,850,000 Corinthian Title Company
-- Accommodation/Courtesy Recordi
-- None Listed On Document
-- Fnt Gln
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,175,000
Previous Owner $1,175,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $40,422 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24057370

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.