NOT LISTED FOR SALE
3 Beds
3 Baths
19,380 Sq Ft
0.38 Acres

Last Sold May 21, 2024

Last sale price $5,375,000 $277 Per Sq Ft

424 Days on Market

Highlights

  • 0.38 Acre Lot
  • Corner Lot
  • Laundry Room
  • Grant Elementary School Rated A+

About This Home

As of May 2024

Experience Ocean Park Residence - your next home.
Beautifully renovated units with stainless steel appliances and updated modern finishes.
Parking, laundry facilities, and great views are available.

Last Agent to Sell the Property

Dave Smith

Re/Max College Park Realty Brokerage Phone: 562-824-8444 License #01353125 Listed on: 12/02/2022

Re/Max College Park Realty

Co-Listed By

Wendy Smith

Re/Max College Park Realty Brokerage Phone: 562-824-8444 License #01989514

Last Buyer's Agent

Dave Smith

Re/Max College Park Realty Brokerage Phone: 562-824-8444 License #01353125 Listed on: 12/02/2022

Re/Max College Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 19,380 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 20 Open Parking Spaces
  • 40 Parking Spaces
  • 20 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 271
  • Tax Tract Number 1980
  • Assessor Parcel Number 4270017020
  • $3,296 per year additional tax assessments

Community Details

Overview

  • 24 Units

Building Details

  • 24 Leased Units
  • Rent Control
  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,932
  • Pest Control $1,153
  • Professional Management Expense $43,360
  • Trash Expense $1,980
  • Water Sewer Expense $21,266
  • Operating Expense $77,508
  • Gross Income $43,238
  • Net Operating Income $36,779

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 322917
  • Professional Management Expense: 43360.00
  • Property Attached: Yes
  • Water Sewer Expenses: 21266.00
  • Zoning: SMC2*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4270017020
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 277.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 20.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 40.00
  • Uncovered Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 1153.00
  • Sewer: Public Sewer
  • Trash Expense: 1980.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 16687.00
  • Lot Size Acres: 0.3831

Rental Info

  • Garage Rental Rate: 175.00
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Garage Income: 1750.00
  • Gross Income: 43238.00
  • Gross Scheduled Income: 43238.00
  • Insurance Expense: 6932.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 16687.0000 Square Feet
  • Net Operating Income: 36779.00
  • Number Of Rented Garages: 10
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 24
  • Number Of Units Total: 24
  • Operating Expense: 6459.00
  • Rent Control: Yes
  • Total Actual Rent: 43238.00
  • Total Expenses: 77508.00

Tax Info

  • Tax Census Tract: 7023.00
  • Tax Lot: 271
  • Tax Tract Number: 1980
  • TaxOtherAnnualAssessmentAmount: 3296.00

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
08/22/2025 08/22/25 Off Market $2,995 -- --
08/01/2025 08/01/25 Price Changed $2,995 +11.1% $4 / Sq Ft
06/23/2025 06/23/25 Price Changed $2,695 -8.0% $3 / Sq Ft
04/29/2025 04/29/25 Price Changed $2,928 -8.4% $4 / Sq Ft
04/22/2025 04/22/25 Price Changed $3,195 +10.4% $4 / Sq Ft
04/02/2025 04/02/25 Price Changed $2,895 +9.1% $4 / Sq Ft
02/04/2025 02/04/25 Price Changed $2,654 -3.3% $3 / Sq Ft
12/23/2024 12/23/24 Price Changed $2,745 +5.8% $3 / Sq Ft
11/01/2024 11/01/24 Price Changed $2,595 -3.7% $3 / Sq Ft
10/10/2024 10/10/24 Price Changed $2,695 -15.6% $3 / Sq Ft
09/12/2024 09/12/24 Price Changed $3,195 +6.7% $4 / Sq Ft
09/10/2024 09/10/24 For Rent $2,995 0.0% --
05/21/2024 05/21/24 Sold $5,375,000 0.0% $277 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/25/2024 01/25/24 Off Market $5,375,000 -- --
01/25/2024 01/25/24 For Sale $7,750,000 +44.2% $400 / Sq Ft
01/24/2024 01/24/24 Off Market $5,375,000 -- --
07/07/2023 07/07/23 Price Changed $7,750,000 0.0% $400 / Sq Ft
07/07/2023 07/07/23 For Sale $7,750,000 +44.2% $400 / Sq Ft
05/28/2023 05/28/23 Off Market $5,375,000 -- --
05/27/2023 05/27/23 For Sale $8,195,000 +52.5% $423 / Sq Ft
04/21/2023 04/21/23 Off Market $5,375,000 -- --
01/06/2023 01/06/23 For Sale $8,195,000 +52.5% $423 / Sq Ft
12/22/2022 12/22/22 Off Market $5,375,000 -- --
12/02/2022 12/02/22 For Sale $8,195,000 -- $423 / 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: RS22249601

California Regional Multiple Listing Service (CRMLS)