$3,100,000
SOLD MAR 7, 2025 RENTED MAY 8, 2025
8 Beds
9 Baths
6,605 Sq Ft
9,472 Sq Ft Lot

Recently Sold

$469 Per Sq Ft

6% Below List Price

148 Days on Market

Highlights

  • 0.22 Acre Lot
  • Corner Lot
  • Laundry Room
  • Ethel Dwyer Middle Rated A-
  • 11 Car Direct Access Garage
  • Bike Trail

About This Home

As of March 2025

Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. The property has undergone a
partial renovation including interiors along with recent exterior woodwork, paint and roof. Florida features strong in-place cashflow with
upside as neighboring property (directly adjacent property) has proven market rents. The residents of Florida Street enjoy access to world
class beaches, entertainment venues and easy access to the top employment centers in Southern California.

The property is comprised of large (1) one bedroom, one-bath, (1) two-bedroom, two-bath, (3) two-bedroom, two and one half bath townhomes, and (1) three-bedroom, two and one half bath townhome. The units are 1,100 SQFT on average. The property has 11 total garage spaces, ten of which are direct access. Partial interior renovation includes, quartz/granite counters, upgraded cabinets, stainless appliances, dishwashers, tile and vinyl plank flooring, and side by side washer/dryers. Each unit features an enclosed patio or exterior balcony, the three bedroom unit includes both.

Last Agent to Sell the Property

Peter Hauser

NorthMarq Realty Services, Inc Brokerage Phone: 949-302-1400 License #00856966 Listed on: 09/06/2024

Last Buyer's Agent

Peter Hauser

NorthMarq Realty Services, Inc Brokerage Phone: 949-302-1400 License #00856966 Listed on: 09/06/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,472 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 11 Car Direct Access Garage
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,605 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 9286
  • Assessor Parcel Number 02511158
  • $1,547 per year additional tax assessments

Community Details

Overview

  • 6 Units
  • Yorktowne Subdivision

Recreation

  • Bike Trail

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $55,314
  • Gross Income $210,984
  • Net Operating Income $152,406

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

11

Listing Details

  • CapRate: 4.77
  • Price Per Unit: 532500
  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Subdivision Name Other: Yorktowne (YORK)
  • Water Sewer Expenses: 1.00
  • Zoning: R-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 02511158
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1st floor
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 469.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9472.00
  • Lot Size Acres: 0.2174

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 210984.00
  • Gross Scheduled Income: 210984.00
  • Insurance Expense: 1.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 9472.0000 Square Feet
  • Net Operating Income: 152406.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 57749.00
  • Rent Control: No
  • Total Expenses: 55314.00

Tax Info

  • Tax Census Tract: 993.05
  • Tax Lot: 8
  • Tax Tract Number: 9286
  • TaxOtherAnnualAssessmentAmount: 1547.00

Range of Values:

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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 Change Sq Ft Price
05/08/2025 05/08/25 Rented $3,250 0.0% --
04/24/2025 04/24/25 Price Changed $3,250 -1.4% $3 / Sq Ft
04/15/2025 04/15/25 Price Changed $3,295 -5.7% $3 / Sq Ft
03/18/2025 03/18/25 For Rent $3,495 0.0% --
03/07/2025 03/07/25 Sold $3,100,000 -3.0% $469 / Sq Ft
02/01/2025 02/01/25 Pending -- -- --
01/09/2025 01/09/25 Price Changed $3,195,000 -1.7% $484 / Sq Ft
12/02/2024 12/02/24 Price Changed $3,250,000 -1.5% $492 / Sq Ft
09/06/2024 09/06/24 For Sale $3,300,000 0.0% $500 / Sq Ft
11/01/2023 11/01/23 Rented $2,995 0.0% --
10/25/2023 10/25/23 For Rent $2,995 +25.1% --
04/01/2015 04/01/15 Rented $2,395 0.0% --
04/01/2015 04/01/15 For Rent $2,395 0.0% --
03/12/2015 03/12/15 Sold $2,080,000 -3.3% $315 / Sq Ft
01/27/2015 01/27/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $2,150,000 +26.8% $326 / Sq Ft
04/25/2012 04/25/12 Sold $1,695,000 0.0% $257 / Sq Ft
02/25/2012 02/25/12 Pending -- -- --
01/22/2012 01/22/12 For Sale $1,695,000 -- $257 / 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: OC24185301

California Regional Multiple Listing Service (CRMLS)