NOT LISTED FOR SALE
-- Bed
1 Bath
2,738 Sq Ft
6,798 Sq Ft Lot

Sale Details

Date Sold: June 8, 2018

Last sale price $1,600,000 $584 Per Sq Ft

34 Days on Market

About This Home

As of June 2018

The Molino Apartments is a 6-unit garden style apartment community comprised of two buildings consisting of all one bedroom / one bath units and four private garages. The property presents investors with a stabilized asset in a highly-sought after non-rent controlled market. The asset is just steps away from the beach located in the prestigious Bluff Heights neighborhood and a short drive to the 2nd Street retail corridor.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 03/20/2018

Keller Williams Realty Downey

Last Buyer's Agent

Haik Bokhchalian

JohnHart Real Estate License #01325511

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 6,798 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 2,738 Sq Ft Home
  • Property Attached

Additional Features

  • 1 Bathroom
  • Laundry in unit
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 5500
  • Assessor Parcel Number 7263017005

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $975
  • Fuel Expense $975
  • Gardener Expense $600
  • Insurance Expense $1,095
  • Maintenance Expense $2,700
  • Pest Control $500
  • Professional Management Expense $4,993
  • Supplies Expense $1,350
  • Trash Expense $975
  • Water Sewer Expense $975
  • New Taxes Expense $20,346
  • Operating Expense $35,985
  • Gross Income $99,864
  • Net Operating Income $63,879

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

6,798 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 4993.00
  • Property Attached: Yes
  • Subdivision Name Other: Bluff Park (BLF)
  • Supplies Expense: 1350.00
  • Water Sewer Expenses: 975.00
  • Zoning: LBR2A
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7263017005
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 584.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 500.00
  • Sewer: Unknown
  • Trash Expense: 975.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6798.00

Multi Family

  • Electric Expense: 975.00
  • Fuel Expense: 975.00
  • Gross Income: 99864.00
  • Gross Scheduled Income: 105120.00
  • Insurance Expense: 1095.00
  • Maintenance Expense: 2700.00
  • Net Operating Income: 63879.00
  • 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: 35985.00
  • Rent Control: No
  • Total Expenses: 35985.00

Tax Info

  • New Taxes Expense: 20346.00
  • Tax Census Tract: 5767.00
  • Tax Lot: 17
  • Tax Tract Number: 5500
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
06/08/2018 06/08/18 Sold $1,600,000 0.0% $584 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $1,600,000 -- $584 / 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 $23,840 $1,784,825 $1,338,620 $446,205
2024 $22,826 $1,749,829 $1,312,373 $437,456
2023 $22,438 $1,715,520 $1,286,641 $428,879
2022 $21,057 $1,681,883 $1,261,413 $420,470
2021 $20,644 $1,648,906 $1,236,680 $412,226
2020 $20,984 $1,664,640 $1,248,480 $416,160
2019 $20,736 $1,632,000 $1,224,000 $408,000
2018 $12,503 $964,242 $646,420 $317,822
2016 $11,516 $926,802 $621,320 $305,482
2015 $11,059 $912,882 $611,988 $300,894
2014 $11,001 $895,000 $600,000 $295,000
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: PW18064485

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

Ask me questions while you tour the home.