NOT LISTED FOR SALE
3 Beds
3 Baths
13,742 Sq Ft
0.45 Acre Lot

Sale Details

Date Sold: August 1, 2013

Last sale price $3,380,000 $246 Per Sq Ft

331 Days on Market

Highlights

  • 0.45 Acre Lot
  • Contemporary Architecture
  • No Heating

About This Home

As of August 2013

aprx 20,000 sq ft corner lot. 22 units built 1985 with 34 parking spaces in enclosed garage. 3 appealing buildings easily rented. each unit has it's own water heater. Nice well maintained elevator. Close to downtown and 5 frwy. long time onsite property manager who paints,repairs,does carpeting,etc.

Last Agent to Sell the Property

Richard Seifert

Richard Seifert, Broker License #00322222 Listed on: 03/28/2013

Richard Seifert, Broker

Last Buyer's Agent

Teresa Wang

Century Commercial RE Services License #01772547

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.45

Parking

  • 34 Parking Spaces

Home Design

  • 13,742 Sq Ft Home
  • Contemporary Architecture

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Accessible Elevator Installed
  • 19,713 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for gas
  • Legal Lot and Block 10 / I
  • Tax Tract Number 134
  • Assessor Parcel Number 40409417

Community Details

Overview

  • 3 Buildings
  • 22 Units

Building Details

  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,000
  • Gardener Expense $1,800
  • Insurance Expense $3,800
  • Maintenance Expense $2,200
  • Other Expense $10,000
  • Supplies Expense $500
  • Trash Expense $7,800
  • Water Sewer Expense $8,400
  • New Taxes Expense $37,000
  • Gross Income $23,650
  • Net Operating Income $192,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.45 Acres

Listing Details

  • Assessments: No
  • CapRate: 5.84
  • Supplies Expense: 500.00
  • View: No
  • Water Sewer Expenses: 8400.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 40409417
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 245.96

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 34.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 7800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 19713.00
  • Lot Size Acres: 0.4530

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 4000.00
  • Gross Income: 23650.00
  • Gross Multiplier: 11.63
  • Gross Scheduled Income: 283800.00
  • Insurance Expense: 3800.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 2200.00
  • Net Operating Income: 192800.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 85800.00
  • Other Expense: 10000.00

Tax Info

  • New Taxes Expense: 37000.00
  • Tax Area: 11003
  • Tax Block: I
  • Tax Lot: 10
  • Tax Tract Number: 134

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
Apr 4, 2025
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
$3,150,000
Outstanding Balance
$3,106,785
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2018
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
$3,200,000
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2013
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
$1,690,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 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
$1,681,500
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 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
$1,681,500
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 11, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 8, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 17, 2002
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
$1,280,000
Interest Rate
4.62%
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 Pacific Park, CA

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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
$4,682,000 First American Title
$5,000,000 Stewart Title
$3,380,000 Fidelity National Title Oran
-- Southland Title Corporation
$2,950,000 Southland Title Corporation
-- Southland Title Corporation
-- --
-- --
-- First American Title Co
$1,830,000 First American Title Co
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
Open $3,150,000
Previous Owner $3,200,000
Previous Owner $1,690,000
Previous Owner $1,681,500
Previous Owner $1,681,500
Previous Owner $1,280,000
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
08/01/2013 08/01/13 Sold $3,380,000 +2.4% $246 / Sq Ft
06/01/2013 06/01/13 Pending -- -- --
07/05/2012 07/05/12 For Sale $3,300,000 -- $240 / 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
2026 $69,704 $4,775,640 $2,454,470 $2,321,170
2025 $67,881 $5,689,144 $3,413,487 $2,275,657
2024 $67,881 $5,577,593 $3,346,556 $2,231,037
2023 $66,195 $5,468,229 $3,280,937 $2,187,292
2022 $65,489 $5,361,009 $3,216,605 $2,144,404
2021 $63,970 $5,255,892 $3,153,535 $2,102,357
2020 $64,076 $5,202,000 $3,121,200 $2,080,800
2019 $62,838 $5,100,000 $3,060,000 $2,040,000
2018 $45,452 $3,641,510 $1,831,531 $1,809,979
2017 $45,066 $3,570,108 $1,795,618 $1,774,490
2016 $44,189 $3,500,106 $1,760,409 $1,739,697
2015 $43,630 $3,447,532 $1,733,966 $1,713,566
2014 $42,877 $3,380,000 $1,700,000 $1,680,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P827640

California Regional Multiple Listing Service (CRMLS)

APN: 404-094-17

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