NOT LISTED FOR SALE

Estimated Value: $1,588,000 - $2,371,440

7 Beds
6 Baths
4,308 Sq Ft
$452/Sq Ft Est. Value

Last Sold March 28, 2018

Last sale price $1,628,000 $378 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $12,126/month

12 Days on Market

Highlights

  • No HOA
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of March 2018

Great income oppurtunity, well maintained income property. Total of 4 units situated in Alamitos Heights, close to CSULB, Belmont Shores, Resturants, Shopping & Fwy access. Owner's unit in front is 3 bedroom, 2 full bath. Units 2-4 are all 2 bedroom, 2 bath. All units are rented, please do not disturb tenants.

Last Agent to Sell the Property

Joanne Kootsikas

Joanne Kootsikas, Broker License #01245744 Listed on: 02/02/2018

Last Buyer's Agent

Monique Pancake

Ossia Real Estate License #00982301

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 6,735 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Open Parking Space
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,308 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 96
  • Assessor Parcel Number 7263024014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $650
  • Gardener Expense $550
  • Insurance Expense $2,030
  • Maintenance Expense $3,170
  • Pest Control $150
  • Supplies Expense $1,530
  • Water Sewer Expense $3,100
  • New Taxes Expense $15,400
  • Operating Expense $21,190
  • Gross Income $90,000
  • Net Operating Income $68,810

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Supplies Expense: 1530.00
  • Water Sewer Expenses: 3100.00
  • Zoning: LBR2A
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 550.00
  • Parcel Number: 7263024014
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 377.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 150.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6735.00

Multi Family

  • Electric Expense: 650.00
  • Gross Income: 90000.00
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 2030.00
  • Maintenance Expense: 3170.00
  • Net Operating Income: 68810.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21190.00
  • Rent Control: No
  • Total Actual Rent: 7500.00
  • Total Expenses: 21190.00

Tax Info

  • New Taxes Expense: 15400.00
  • Tax Census Tract: 5768.02
  • Tax Lot: 96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2018
Closed on
Feb 26, 2018
Sold by
Siga Siga Llc
Bought by
Swicker Arthur R and Swicker Sheila G
Seller's Agent
Joanne Kootsikas
Joanne Kootsikas, Broker
Buyer's Agent
Monique Pancake
Ossia Real Estate
List Price
$1,695,000
Sold Price
$1,628,000
Premium/Discount to List
-$67,000
-3.95%
Current Estimated Value
$1,945,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,860
Avg. Annual Appreciation
2.32%
Original Mortgage
$1,139,600
Outstanding Balance
$961,530
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$984,330

Purchase Details

Closed on
Jan 3, 2013
Sold by
Stapakis Nikki
Bought by
Siga Siga Llc

Purchase Details

Closed on
Sep 26, 2012
Sold by
Andrews James C and Stapakis Nikki
Bought by
Stapakis Nikki

Purchase Details

Listed on
Sep 21, 2011
Closed on
Jan 5, 2012
Sold by
Electric Capital Llc
Bought by
Andrews James C and Stapakis Nikki
Seller's Agent
Joanne Kootsikas
Joanne Kootsikas, Broker
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$637,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2011
Sold by
Nuklib Anderson Thaworn
Bought by
Electric Capital Llc

Purchase Details

Closed on
Mar 19, 1999
Sold by
Maurice G Grove Trust and William M
Bought by
Anderson Thawarn Nuklib

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.98%

Purchase Details

Closed on
Oct 25, 1996
Sold by
Anderson Robert J
Bought by
Anderson Thaworn Nuklib

Purchase Details

Closed on
Aug 16, 1996
Sold by
Trust Grove Maurice G Tr Maurice G Grove
Bought by
Anderson Thaworn Nuklib

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,250
Interest Rate
8.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Swicker Arthur R $1,628,000 Lawyers Title Oc
Siga Siga Llc -- Accommodation
Stapakis Nikki -- None Available
Andrews James C $850,000 Lawyers Title Company
Electric Capital Llc $670,000 None Available
Anderson Thawarn Nuklib $187,500 Gateway Title Company
Anderson Thaworn Nuklib -- Gateway Title Co
Anderson Thaworn Nuklib $287,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swicker Arthur R $1,139,600
Previous Owner Andrews James C $637,500
Previous Owner Anderson Thawarn Nuklib $300,000
Previous Owner Anderson Thaworn Nuklib $215,250
Closed Anderson Thaworn Nuklib $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2018 03/28/18 Sold $1,628,000 -4.0% $378 / Sq Ft
02/02/2018 02/02/18 For Sale $1,695,000 0.0% $393 / Sq Ft
10/01/2013 10/01/13 Rented $1,500 0.0% --
09/26/2013 09/26/13 Under Contract -- -- --
09/10/2013 09/10/13 For Rent $1,500 0.0% --
03/01/2012 03/01/12 Sold $850,000 0.0% $197 / Sq Ft View Prior Sale
02/09/2012 02/09/12 Pending -- -- --
09/21/2011 09/21/11 For Sale $850,000 -- $197 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $23,535 $1,852,380 $1,080,935 $771,445
2024 $23,535 $1,816,060 $1,059,741 $756,319
2023 $23,145 $1,780,452 $1,038,962 $741,490
2022 $21,721 $1,745,542 $1,018,591 $726,951
2021 $21,293 $1,711,317 $998,619 $712,698
2019 $20,990 $1,661,310 $969,000 $692,310
2018 $12,298 $957,463 $512,989 $444,474
2016 $11,302 $919,565 $493,070 $426,495
2015 $10,851 $905,753 $485,664 $420,089
2014 $10,784 $888,012 $476,151 $411,861
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG18024263

California Regional Multiple Listing Service (CRMLS)

APN: 7263-024-014