NOT LISTED FOR SALE
6 Beds
3 Baths
2,856 Sq Ft
9,148 Sq Ft Lot

Sale Details

Date Sold: November 6, 2019

Last sale price $1,175,000 $411 Per Sq Ft

16 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Park
  • Richard Henry Lee Elementary School Rated A+

About This Home

As of November 2019

This Triplex is located in the Highly Desirable School District/Rental Area of Los Alamitos! This well maintained property generates Extremely Consistent Rental Income and has quite a bit of potential for future rent increases. Improvements over the last few years include New Roof on Front House & Garages, New Dual Pane Windows, New Water Heaters, New Wall Heaters, Complete Remodel of the Front House, Exterior Painting, etc. Each unit has separate gas and electric meters. The detached front house and the back two units feature 2 bedrooms, one bath, 952 square feet of living space, inside laundry hook-ups, fireplaces, private patios, spacious backyards, 3 one car garages, and 2 additional assigned parking spots. If you're looking for a great long-term, turn-key Investment: Congratulations, You've found it!

Last Agent to Sell the Property

Justin Edwards

Beach Cities Management, Inc. License #01704406 Listed on: 07/30/2019

Last Buyer's Agent

Marina Hong

Circle Real Estate License #02092926

Circle Real Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,148 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,856 Sq Ft Home
  • Living Room with Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 131
  • Tax Tract Number 693
  • Assessor Parcel Number 22206203

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $400
  • Water Sewer Expense $400
  • New Taxes Expense $14,340
  • Operating Expense $30,280
  • Gross Income $61,200
  • Net Operating Income $29,696

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

9,148 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 400.00
  • Property Type: Residential Income
  • Parcel Number: 22206203
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall, No One Above
  • Fireplace Features: Living Room
  • Price Per Square Foot: 411.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Average2 Bed Area: 952 Square Feet
  • Gross Income: 61200.00
  • Gross Multiplier: 19.52
  • Gross Operating Income: 59976.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 800.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 29696.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 30280.00
  • Rent Control: No
  • Total Actual Rent: 5100.00
  • Total Expenses: 30280.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14340.00
  • Tax Census Tract: 1100.14
  • Tax Lot: 131
  • Tax Tract Number: 693

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
Jul 30, 2019
Closed on
Nov 3, 2019
Sold by
Bought by
Seller's Agent
Justin Edwards
Beach Cities Management, Inc.
Buyer's Agent
Marina Hong
Circle Real Estate
List Price
$1,195,000
Sold Price
$1,175,000
Premium/Discount to List
-$20,000
-1.67%

Purchase Details

Closed on
Aug 14, 2019
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
$815,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 19, 2019
Closed on
Feb 26, 2019
Sold by
Bought by
Seller's Agent
Corrine Carter
Web Homes
Buyer's Agent
Justin Edwards
Beach Cities Management, Inc.
List Price
$1,100,000
Sold Price
$1,081,000
Premium/Discount to List
-$19,000
-1.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 7, 2003
Sold by
Bought by
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
-- Chicago Title Company
$1,165,000 Chicago Title Company
$1,081,000 Fidelity Natl Ttl Orange Cnt
-- None Available
-- --
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
Previous Owner $815,500
Previous Owner $810,750
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
11/06/2019 11/06/19 Sold $1,175,000 -1.7% $411 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
07/30/2019 07/30/19 For Sale $1,195,000 +10.5% $418 / Sq Ft
04/01/2019 04/01/19 Sold $1,081,000 -1.7% $379 / Sq Ft View Prior Sale
02/25/2019 02/25/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $1,100,000 -- $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
2026 $15,635 $1,299,577 $1,198,735 $100,842
2025 $15,318 $1,274,096 $1,175,231 $98,865
2024 $15,318 $1,249,114 $1,152,187 $96,927
2023 $14,960 $1,224,622 $1,129,595 $95,027
2022 $14,884 $1,200,610 $1,107,446 $93,164
2021 $14,556 $1,177,069 $1,085,731 $91,338
2020 $14,588 $1,165,000 $1,074,598 $90,402
2019 $6,200 $432,254 $310,151 $122,103
2018 $5,907 $423,779 $304,070 $119,709
2017 $5,776 $415,470 $298,108 $117,362
2016 $5,657 $407,324 $292,263 $115,061
2015 $5,577 $401,206 $287,873 $113,333
2014 $5,386 $393,347 $282,234 $111,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19181164

California Regional Multiple Listing Service (CRMLS)
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