NOT LISTED FOR SALE

3942 Green Ave Los Alamitos, CA 90720

16 Beds
16 Baths
10,796 Sq Ft
0.42 Acres

Last Sold September 09, 2020

Last sale price $3,450,000 $320 Per Sq Ft

18 Days on Market

Highlights

  • 0.42 Acre Lot
  • Lawn
  • Landscaped
  • Richard Henry Lee Elementary School Rated A+
  • Laundry Room

About This Home

As of September 2020

The Dorian is a 10-unit multifamily investment opportunity located at 3932 - 3942 Green Avenue, Los Alamitos, California. Situated on two adjacent parcels the property consists of 2, 1 bed/1 bath units, 4, 2 bed/1.5 bath units, and 4, 2 bed/2 bath units. The property offers amenities including garage parking, on-site laundry, a spacious courtyard, and gated access.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 06/15/2020

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 06/15/2020

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1965

Lot Details

  • 0.42 Acre Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • 22204204

Parking

  • 9 Car Garage

Interior Spaces

  • 10,796 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 87
  • Tax Tract Number 693
  • Assessor Parcel Number 22204205

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,056
  • Fuel Expense $4,056
  • Insurance Expense $4,000
  • Maintenance Expense $6,000
  • Other Expense $10,100
  • Trash Expense $4,056
  • Water Sewer Expense $4,056
  • New Taxes Expense $45,171
  • Operating Expense $81,495
  • Gross Income $213,060
  • Net Operating Income $125,263

Property Details

Home Type

Apartment

Year Built

Built in 1965

Lot Details

0

Parking

9

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4056.00
  • Property Type: Residential Income
  • Parcel Number: 22204205
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 319.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4056.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 22204204
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 18295.20
  • Lot Size Acres: 0.4200

Multi Family

  • Electric Expense: 4056.00
  • Fuel Expense: 4056.00
  • Gross Income: 213060.00
  • Gross Operating Income: 206758.00
  • Gross Scheduled Income: 210060.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 0.4200 Acres
  • Maintenance Expense: 6000.00
  • Net Operating Income: 125263.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 81495.00
  • Other Expense: 10100.00
  • Other Expense Description: Misc
  • Other Income1: 3000.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 17505.00
  • Total Expenses: 81495.00

Tax Info

  • New Taxes Expense: 45171.00
  • Tax Census Tract: 1100.14
  • Tax Lot: 87
  • Tax Tract Number: 693

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
09/09/2020 09/09/20 Sold $3,450,000 -5.5% $320 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $3,650,000 -- $338 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2020

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    155 Total Sales

    Tyler Leeson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20115605

California Regional Multiple Listing Service (CRMLS)
California Orange County Los Alamitos 90720

3942 Green Ave, Los Alamitos, CA

Not Listed for Sale

MultiFamily

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