NOT LISTED FOR SALE
9 Beds
6 Baths
7,696 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: July 1, 2022

Last sale price $3,650,000 $474 Per Sq Ft

25 Days on Market

Highlights

  • Corner Lot
  • Richard Henry Lee Elementary School Rated A+
  • Laundry Facilities

About This Home

As of July 2022

The Green Street Apartments are an attractive garden style 7-unit investment opportunity in the desirable City of Los Alamitos. The Green Street Apartments is a very well-maintained property, built in 1988 and has a very desirable unit mix consisting of (1) two bedroom/one bath two-story townhome units of932 sq.ft ., (1) two bedroom/two bath two-story townhome unit of 1,140 sq.ft ., (2) two bedroom/one bath units of 924 sq.ft ., and (3) three bedroom/two bath units ranging from 1,140 to 1,400 sq.ft . The Green Street Apartments has been owned in the same family for many years and is a unique investment opportunity due to its high-quality location and significant upside potential.

Last Agent to Sell the Property

Jay Skenderian

Morgan Skenderian License #01220368 Listed on: 04/22/2022

Last Buyer's Agent

Michael Arp

Morgan Skenderian License #01488586

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 12,293 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 7 Car Garage

Home Design

  • 7,696 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 693
  • Assessor Parcel Number 22210134
  • $3,486 per year additional tax assessments

Community Details

Building Details

  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,951
  • Operating Expense $71,376
  • Gross Income $60,896
  • Net Operating Income $115,271

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.28 Acres

Parking

7

Listing Details

  • CapRate: 3.20
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 22210134
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 474.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 12293.00
  • Lot Size Acres: 0.2822

Multi Family

  • Gross Income: 60896.00
  • Gross Multiplier: 18.84
  • Gross Operating Income: 186647.00
  • Gross Scheduled Income: 192420.00
  • Insurance Expense: 3951.00
  • Lot Size Area: 12293.0000 Square Feet
  • Net Operating Income: 115271.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 71376.00
  • Operating Expense Percent: 37.10
  • Rent Control: No
  • Total Expenses: 71376.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 1100.14
  • Tax Lot: 38
  • Tax Tract Number: 693
  • TaxOtherAnnualAssessmentAmount: 3486.00

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
Apr 22, 2022
Closed on
May 31, 2022
Sold by
Bought by
Seller's Agent
Jay Skenderian
Morgan Skenderian
Buyer's Agent
Michael Arp
Morgan Skenderian
List Price
$3,625,000
Sold Price
$3,650,000
Premium/Discount to List
$25,000
0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,375,000
Outstanding Balance
$1,289,019
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 8, 2019
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2019
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 2019
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 1999
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
$3,650,000 Ticor Title
-- Accommodation
-- Accommodation
-- Accommodation
-- 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
Open $1,375,000
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
07/01/2022 07/01/22 Sold $3,650,000 +0.7% $474 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $3,625,000 -- $471 / 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 $37,406 $3,121,200 $2,601,000 $520,200
2025 $45,434 $3,060,000 $2,550,000 $510,000
2024 $45,434 $3,797,460 $3,151,545 $645,915
2023 $44,388 $3,723,000 $3,089,750 $633,250
2022 $18,518 $1,342,191 $721,357 $620,834
2021 $18,102 $1,315,874 $707,213 $608,661
2020 $18,089 $1,302,382 $699,962 $602,420
2019 $17,466 $1,276,846 $686,238 $590,608
2018 $16,596 $1,251,810 $672,782 $579,028
2017 $16,231 $1,227,265 $659,590 $567,675
2016 $15,902 $1,203,201 $646,656 $556,545
2015 $15,688 $1,185,128 $636,942 $548,186
2014 $15,148 $1,161,913 $624,465 $537,448
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22082505

California Regional Multiple Listing Service (CRMLS)

APN: 222-101-34

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