NOT LISTED FOR SALE
3 Beds
3 Baths
5,948 Sq Ft
4,210 Sq Ft Lot

Sale Details

Date Sold: May 30, 2013

Last sale price $1,025,000 $172 Per Sq Ft

15 Days on Market

About This Home

As of May 2013

Very clean apartment building located under a half mile to Ocean Blvd, in the Alamitos Beach Area just west of Belmont Heights. One the best investment areas in Southern California, where you can still buy apartments close the water and that still make economic sense. One Two Bedroom, Five One Bedrooms, and Four Studios. Separate Meters, with water and trash running under $300 a month. Getting rent roll soon, and will upload. Rents currently are at about $7400 a month, which seems really low.

Last Agent to Sell the Property

Michael Robinson

Broadmoor Realty, Inc. License #00597913 Listed on: 03/15/2013

Last Buyer's Agent

Joann Wahl

Joann Wahl, Broker License #01229617

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,210 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 5,948 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Tract Number 2
  • Assessor Parcel Number 7275006021

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Gross Income $7,400
  • Net Operating Income $66,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

4,210 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Property Type: Residential Income
  • Parcel Number: 7275006021
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 172.33

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4210.00
  • Lot Size Acres: 0.0970

Multi Family

  • Gross Income: 7400.00
  • Gross Scheduled Income: 88800.00
  • Lot Size Area: 4210.0000 Square Feet
  • Net Operating Income: 66100.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 22700.00
  • Rent Control: No

Tax Info

  • Tax Tract Number: 2
  • Tax Year: 2011

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
Mar 15, 2013
Closed on
Apr 3, 2013
Sold by
Abk Properties Llc
Bought by
Seller's Agent
Michael Robinson
Broadmoor Realty, Inc.
Buyer's Agent
Joann Wahl
Joann Wahl, Broker
List Price
$1,100,000
Sold Price
$1,025,000
Premium/Discount to List
-$75,000
-6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,750
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2004
Sold by
Dufault Robert Louis
Bought by
Dufault Robert L

Purchase Details

Closed on
Dec 13, 2002
Sold by
Krantz Arlene B
Bought by
Abk Properties Llc

Purchase Details

Closed on
Jul 31, 2002
Sold by
Smith Zeilla and Smith Family Residual Trust
Bought by
Krantz Arlene B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2002
Sold by
Smith Zeilla and Smith Family Trust
Bought by
Smith Zeilla and Smith Family Residual Trust
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
$1,025,000 Old Republic Title Company
Dufault Robert L -- --
Abk Properties Llc -- --
Krantz Arlene B $575,000 Natc
Smith Zeilla -- Natc
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 $5,515,000
Closed Wahl Joann Martha $5,000,000
Previous Owner Wahl Joann Martha $768,750
Previous Owner Ark Properties Llc $610,000
Previous Owner Krantz Arlene B $431,250
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
05/30/2013 05/30/13 Sold $1,025,000 -6.8% $172 / Sq Ft
03/30/2013 03/30/13 Pending -- -- --
03/15/2013 03/15/13 For Sale $1,100,000 -- $185 / 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 $17,933 $1,287,445 $879,233 $408,212
2025 $17,933 $1,262,202 $861,994 $400,208
2024 $17,129 $1,237,454 $845,093 $392,361
2023 $16,823 $1,213,191 $828,523 $384,668
2022 $15,810 $1,189,404 $812,278 $377,126
2021 $15,456 $1,166,083 $796,351 $369,732
2019 $15,234 $1,132,498 $772,732 $359,766
2018 $14,848 $1,110,313 $757,581 $352,732
2016 $13,659 $1,066,239 $728,164 $338,075
2015 $13,127 $1,050,224 $717,227 $332,997
2014 $13,075 $1,029,653 $703,178 $326,475
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13045909

California Regional Multiple Listing Service (CRMLS)
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