NOT LISTED FOR SALE

3861 Howard Ave Los Alamitos, CA 90720

17 Beds
12 Baths
7,228 Sq Ft
0.29 Acres

Last Sold August 30, 2012

Last sale price $2,155,000 $298 Per Sq Ft

43 Days on Market

Highlights

  • Spanish Architecture
  • Stone Flooring
  • No Heating
  • Richard Henry Lee Elementary School Rated A+
  • Wood Siding

About This Home

As of August 2012

Built in 1985, the property consists of three, three-bedroom/two-bath units; two, two-bedroom/two-bath townhouse style units and two, two-bedroom/one-bathroom units. The roof is pitched tile and the building offers the tenants on-site laundry with garages in the rear. The property has had extensive capital improvements including newer appliances, modern cabinetry, granite countertops, marble / wood floors and dual sinks. In addition, Los Alamitos provides excellent public schools and is continually judged as having one of the top academic and athletic programs in Orange County.

Last Agent to Sell the Property

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951 Listed on: 05/19/2012

Last Buyer's Agent

Jeff Knowles

Douglas Elliman of California License #01357655

Douglas Elliman of California

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.29

Parking

  • 7 Car Garage

Home Design

  • Spanish Architecture
  • Spanish Tile Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 7,228 Sq Ft Home
  • Stone Flooring
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 12 Bathrooms

Additional Features

  • 0.29 Acre Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 97
  • Tax Tract Number 693
  • Assessor Parcel Number 22206120

Community Details

Overview

  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $5,000
  • Other Expense $3,820
  • Trash Expense $1,000
  • Water Sewer Expense $3,200
  • New Taxes Expense $24,500
  • Gross Income $13,309
  • Net Operating Income $114,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

7

Listing Details

  • Assessments: No
  • CapRate: 5.01
  • View: No
  • Water Sewer Expenses: 3200.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 22206120
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Stone
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 298.15

Exterior Features

  • Pool Private: No
  • Roof: Clay, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: No
  • Total Parking Spaces: 14.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 1000.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 12593.00
  • Lot Size Acres: 0.2890

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000
  • Average3 Bed Area: 1100
  • Electric Expense: 400.00
  • Gross Income: 13309.00
  • Gross Multiplier: 14.28
  • Gross Scheduled Income: 159712.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12593.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 114312.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Operating Expense: 40720.00
  • Other Expense: 3820.00

Tax Info

  • New Taxes Expense: 24500.00
  • Tax Area: 22006
  • Tax Lot: 97
  • Tax Tract Number: 693

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
08/30/2012 08/30/12 Sold $2,155,000 -5.5% $298 / Sq Ft
07/01/2012 07/01/12 Pending -- -- --
05/19/2012 05/19/12 For Sale $2,280,000 -- $315 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Bassirpou

    Seller's Agent in 2012

    Greg Bassirpou

    Marcus & Millichap RE Invest

    (949) 419-3269

    3 in this area

    32 Total Sales

    Section Image

  • J

    Buyer's Agent in 2012

    Jeff Knowles

    Douglas Elliman of California

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S699238

California Regional Multiple Listing Service (CRMLS)

APN: 222-061-20

California Orange County Los Alamitos 90720

3861 Howard Ave, Los Alamitos, CA

This home is located at 3861 Howard Ave, Los Alamitos, CA 90720 since 19 May 2012. This property was built in 1985. 3861 Howard Ave is a home located in Orange County with nearby schools including Richard Henry Lee Elementary School, Jack L. Weaver Elementary School, and Oak Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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