NOT LISTED FOR SALE

Estimated Value: $1,078,000 - $1,712,861

4 Beds
4 Baths
2,000 Sq Ft
$766/Sq Ft Est. Value

Sale Details

Date Sold: November 29, 2021

Last sale price $1,645,000 $822 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $10,032 / mo

94 Days on Market

Highlights

  • 0.09 Acre Lot
  • Double Pane Windows
  • Central Heating and Cooling System
  • Contemporary Architecture
  • Park
  • Bike Trail

About This Home

As of November 2021

Everything about this three-unit property is ready for living in the most stylish and carefree manner you could imagine. Whether you are considering owner-occupied, long-term rentals, or hosting on Airbnb, you will rest easy knowing that all units have been thoroughly renovated within the past 2 years. Essentially new construction, the front house is a refreshingly modern take on the classic California bungalow. With two bedrooms and one and one-half bathrooms in approximately 914 sq ft, the rebuild included stem walls, framing, new copper plumbing, electrical wiring and 200 amp panel with space for EV charger. While the footprint of the house remains unchanged, the interior space was completely re-imagined to create an open, light-filled great room with a modern kitchen featuring custom European oak cabinetry and quartz countertops. The all new appliances, fixtures and finishes were selected for longevity and timeless design qualities. Further details of the renovation include a new HVAC system, new Milgard windows, new roof with rain gutter systems, and a thoughtful lighting plan inside and out. The back building consists of the garage and studio apartment on the ground level, and a two bedroom, one bath unit of approximately 736 sq ft on the upper level. The back units have been carefully renovated with modernized kitchens and bathrooms, laminate floors above, luxury vinyl floors in the studio, and new lighting as well as the all-important functional upgrades of copper and PEX plumbing, re-wired electrical systems with grounded outlets, and air-conditioning. All three dwellings on this exceptional property enjoy their own washer and dryer within their respective units as well as individual, on-demand (tankless) water heaters. The quality of design extends to the outdoors with a refreshed front fence and gate, landscaping with irrigation, and concrete work wrapping from the driveway to the center courtyard. And just steps from the tranquil beauty of the property is the thriving district of 4th Street and Retro Row. Enjoy morning coffee at Wide Eyes Open Palms, juice from Salud, creative cuisine from a number of independent restaurants, vintage shopping, salons and boutiques. To the south, only a few blocks away lies the Pacific Ocean and shoreline path along miles of sandy beach. Watersports, bike riding, skating and yoga are among the many outdoor activities that characterize this flourishing urban community.

Last Agent to Sell the Property

Rochelle Kramer

Re/Max R. E. Specialists License #01392260 Listed on: 08/05/2021

Re/Max R. E. Specialists

Last Buyer's Agent

Michael Wolitski

Real Brokerage Technologies License #02074287

Real Brokerage Technologies

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 4,022 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wood Fence
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Bungalow
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,000 Sq Ft Home
  • Double Pane Windows
  • Casement Windows

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 5
  • Tax Tract Number 4008
  • Assessor Parcel Number 7275016051

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,169
  • Water Sewer Expense $816
  • New Taxes Expense $19,239
  • Operating Expense $21,224
  • Gross Income $87,600
  • Net Operating Income $66,376

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

4,022 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Water Sewer Expenses: 816.00
  • Zoning: LBR1N
  • Architectural Style: Bungalow, Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7275016051
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate, Vinyl
  • Levels: Two
  • Price Per Square Foot: 822.50
  • Window Features: Casement Windows, Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Foundation: Concrete Perimeter, Raised
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 4022.00
  • Lot Size Acres: 0.0923

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 87600.00
  • Gross Scheduled Income: 87600.00
  • Insurance Expense: 1169.00
  • Lot Size Area: 4022.0000 Square Feet
  • Net Operating Income: 66376.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 2
  • Number With Disposal: 1
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Operating Expense: 21224.00
  • Rent Control: No
  • Total Expenses: 21224.00

Tax Info

  • New Taxes Expense: 19239.00
  • Tax Census Tract: 5765.03
  • Tax Lot: 5
  • Tax Tract Number: 4008

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
May 1, 2019
Closed on
Oct 8, 2019
Sold by
Bought by
Seller's Agent
Lindsey Iskierka
Real Brokerage Technologies
List Price
$980,000
Sold Price
$937,000
Premium/Discount to List
-$43,000
-4.39%
Current Estimated Value
$1,532,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$595,215
Avg. Annual Appreciation
7.57%
Original Mortgage
$515,350
Outstanding Balance
$476,574
Interest Rate
3.6%
Estimated Equity
$1,055,641

Purchase Details

Listed on
Jun 13, 2016
Closed on
Aug 2, 2016
Sold by
Bought by
Seller's Agent
Julia Valencia
A&J Real Estate
Buyer's Agent
Lindsey Iskierka
Real Brokerage Technologies
List Price
$789,000
Sold Price
$750,000
Premium/Discount to List
-$39,000
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%
Original Mortgage
$750,000
Interest Rate
3.43%
Mortgage Type
VA

Purchase Details

Closed on
Aug 16, 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
$588,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2000
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
$235,425
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 1999
Sold by
Bought by

Purchase Details

Closed on
May 26, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 1995
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
$55,000
Interest Rate
8.81%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Alamitos Beach, 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
$937,000 Western Resources Title Co
$750,000 Title 365
$735,000 Fidelity National Title Co
$237,000 American Title
-- --
-- --
-- Chicago Title Insurance 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 $515,350
Previous Owner $750,000
Previous Owner $588,000
Previous Owner $235,425
Previous Owner $55,000
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 Prior Sale
11/29/2021 11/29/21 Sold $1,645,000 -5.9% $823 / Sq Ft
08/05/2021 08/05/21 For Sale $1,749,000 +86.7% $875 / Sq Ft
11/08/2019 11/08/19 Sold $937,000 0.0% $457 / Sq Ft View Prior Sale
08/12/2019 08/12/19 Off Market $937,000 -- --
08/12/2019 08/12/19 Pending -- -- --
08/07/2019 08/07/19 Price Changed $970,000 -1.0% $473 / Sq Ft
07/25/2019 07/25/19 For Sale $980,000 0.0% $478 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
06/05/2019 06/05/19 Price Changed $980,000 -1.5% $478 / Sq Ft
05/25/2019 05/25/19 For Sale $995,000 0.0% $485 / Sq Ft
05/09/2019 05/09/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $995,000 +32.7% $485 / Sq Ft
09/30/2016 09/30/16 Sold $750,000 -4.9% $366 / Sq Ft View Prior Sale
07/29/2016 07/29/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $789,000 -- $385 / 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 $22,812 $1,745,686 $1,045,289 $700,397
2024 $21,851 $1,711,458 $1,024,794 $686,664
2023 $21,487 $1,677,900 $1,004,700 $673,200
2022 $20,151 $1,645,000 $985,000 $660,000
2021 $11,835 $946,707 $542,563 $404,144
2020 $11,809 $937,000 $537,000 $400,000
2019 $9,997 $780,300 $546,210 $234,090
2018 $9,710 $765,000 $535,500 $229,500
2016 $10,052 $831,848 $565,884 $265,964
2015 $9,646 $819,353 $557,384 $261,969
2014 $9,580 $803,304 $546,466 $256,838
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21167405

California Regional Multiple Listing Service (CRMLS)

APN: 7275-016-051

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