NOT LISTED FOR SALE
8 Beds
7 Baths
5,248 Sq Ft
7,942 Sq Ft Lot

Sale Details

Date Sold: October 7, 2014

Last sale price $1,310,000 $250 Per Sq Ft

323 Days on Market

Highlights

  • 0.18 Acre Lot
  • No HOA
  • Laundry Facilities
  • Woodrow Wilson High School Rated A
  • Forced Air Heating System
  • Carpet

About This Home

As of October 2014

Pride of ownership building in a great Belmont Heights location. Classic showcase building that includes newer roof, stucco, paint and termite, great interior courtyard, seperate laundry, 4 car garages, walk to beach, public transportaion and parks. Rent projected low. Great opportunity, garages included in rent.

Last Agent to Sell the Property

Ken Trossen

Equity Brokers License #00802751 Listed on: 10/11/2013

Co-Listed By

Mike Trossen

Equity Brokers License #01466702

Last Buyer's Agent

Downey Thomas

Fleming Realty License #00712446

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,942 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,248 Sq Ft Home
  • Carpet
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 10464
  • Assessor Parcel Number 7263006021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $1,740
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $15,950
  • Gross Income $7,580
  • Net Operating Income $61,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

7,942 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Gardener Expense: 1740.00
  • Parcel Number: 7263006021
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 249.62

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Floor Furnace, Wall Furnace, Forced Air
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7942.00
  • Lot Size Acres: 0.1820

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 7580.00
  • Gross Scheduled Income: 90960.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7942.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 61980.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Number With Range: 7
  • Operating Expense: 28980.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 8000.00

Tax Info

  • New Taxes Expense: 15950.00
  • Tax Lot: 4
  • Tax Tract Number: 10464
  • Tax Year: 2012

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

Closed on
Jun 18, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 2015
Sold by
Bought by

Purchase Details

Listed on
Oct 11, 2013
Closed on
Sep 11, 2014
Sold by
Bought by
Seller's Agent
Ken Trossen
Equity Brokers
Buyer's Agent
Downey Thomas
Fleming Realty
List Price
$1,450,000
Sold Price
$1,310,000
Premium/Discount to List
-$140,000
-9.66%

Purchase Details

Listed on
Oct 11, 2013
Closed on
Sep 1, 2014
Sold by
Bought by
Seller's Agent
Ken Trossen
Equity Brokers
Buyer's Agent
Downey Thomas
Fleming Realty
List Price
$1,450,000
Sold Price
$1,310,000
Premium/Discount to List
-$140,000
-9.66%

Purchase Details

Closed on
Apr 27, 2006
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
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2006
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
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2003
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
$330,000
Interest Rate
5.72%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
-- None Available
-- None Available
-- North American Title Company
$1,310,000 North American Title Company
-- North American Title Company
-- None Available
-- Provident Title Company
-- --
-- Lawyers Title Company
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 $500,000
Previous Owner $330,000
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
10/07/2014 10/07/14 Sold $1,310,000 -9.7% $250 / Sq Ft
08/30/2014 08/30/14 Pending -- -- --
10/11/2013 10/11/13 For Sale $1,450,000 -- $276 / 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 $21,740 $1,574,414 $1,081,661 $492,753
2024 $20,807 $1,543,544 $1,060,452 $483,092
2023 $20,444 $1,513,279 $1,039,659 $473,620
2022 $18,981 $1,483,608 $1,019,274 $464,334
2021 $18,586 $1,454,519 $999,289 $455,230
2019 $18,321 $1,411,879 $969,650 $442,229
2018 $17,834 $1,384,206 $950,638 $433,568
2016 $16,403 $1,329,977 $913,725 $416,252
2015 $15,750 $1,310,000 $900,000 $410,000
2014 -- $819,752 $327,899 $491,853
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13209313

California Regional Multiple Listing Service (CRMLS)
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