NOT LISTED FOR SALE
16 Beds
16 Baths
10,796 Sq Ft
0.42 Acre Lot

Sale Details

Date Sold: September 9, 2020

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

18 Days on Market

Highlights

  • 0.42 Acre Lot
  • Landscaped
  • Laundry Facilities
  • Lawn

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

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1965

Lot Details

  • 18,295 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • 22204204

Parking

  • 9 Car Garage

Interior Spaces

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

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

0.42 Acres

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

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
Jun 15, 2020
Closed on
Aug 12, 2020
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$3,650,000
Sold Price
$3,450,000
Premium/Discount to List
-$200,000
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,573,000
Outstanding Balance
$1,363,848
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 13, 2018
Sold by
Bought by

Purchase Details

Closed on
Jul 15, 2014
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
$1,265,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2008
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
$3,450,000 Chicago Title Company
-- None Available
$2,300,000 Fidelity National Title
-- 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 $1,573,000
Previous Owner $1,500,000
Previous Owner $1,251,537
Previous Owner $1,265,000
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
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

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 $24,777 $2,060,659 $1,573,315 $487,344
2025 $23,061 $1,959,030 $1,542,465 $416,565
2024 $23,061 $1,830,583 $1,512,221 $318,362
2023 $22,263 $1,794,690 $1,482,570 $312,120
2022 $22,141 $1,759,500 $1,453,500 $306,000
2021 $21,653 $1,725,000 $1,425,000 $300,000
2020 $16,340 $1,233,399 $851,677 $381,722
2019 $15,765 $1,209,215 $834,977 $374,238
2018 $15,003 $1,185,505 $818,605 $366,900
2017 $14,677 $1,162,260 $802,554 $359,706
2016 $14,384 $1,139,471 $786,818 $352,653
2015 $14,202 $1,122,356 $775,000 $347,356
2014 $7,691 $537,124 $341,747 $195,377
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20115605

California Regional Multiple Listing Service (CRMLS)
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