NOT LISTED FOR SALE

4051 Green Ave Los Alamitos, CA 90720

8 Beds
8 Baths
4,500 Sq Ft
9,191 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $1,850,000 $411 Per Sq Ft

4 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Property is near park and public transit
  • Los Alamitos Elementary School Rated A
  • Midcentury Modern Architecture
  • Pool View

About This Home

As of December 2021

Immaculate four-plex in prime Los Alamitos location close to Los Alamitos Medical Center. These 2. br. 1.5 ba. townhouse-style units have been upgraded throughout (except one) with quartz or granite counters, shaker cabinets, upgraded windows, flooring & more. First time on market in decades and rents are well below current rates so tons of upside. Separate enclosed garages are in rear with adjacent laundry room. Building and garages were re-roofed in 2020 and 2018 respectively. Sewer reline was completed in 2021. Fantastic 1031 exchange property with additional opportunity for ADU expansion.

Last Agent to Sell the Property

John Gooding

Vista Sotheby's Int'l Realty License #00479227 Listed on: 11/11/2021

Last Buyer's Agent

John Gooding

Vista Sotheby's Int'l Realty License #00479227 Listed on: 11/11/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 9,191 Sq Ft Lot
  • Lot Dimensions are 52x178
  • No Units Located Below
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot
  • Front and Side Yard Sprinklers

Parking

  • 4 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Driveway
  • Parking Lot
  • Off-Street Parking

Home Design

  • Midcentury Modern Architecture
  • Contemporary Architecture
  • Apartment
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,500 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Wood Frame Window
  • Window Screens
  • Pool Views
  • Fire and Smoke Detector
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park and public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 269
  • Tax Tract Number 740
  • Assessor Parcel Number 22211134

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Golf Course Community

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $2,820
  • Gardener Expense $1,440
  • Insurance Expense $3,400
  • Maintenance Expense $4,170
  • Pool Expense $1,800
  • Supplies Expense $55
  • Trash Expense $1,476
  • Water Sewer Expense $3,540
  • New Taxes Expense $20,845
  • Operating Expense $39,922
  • Gross Income $83,400
  • Net Operating Income $41,810

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

9,191 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 0.02
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained
  • Security: Smoke Detector(s)
  • Supplies Expense: 55.00
  • View: Yes
  • Water Sewer Expenses: 3540.00
  • Zoning: R3
  • Architectural Style: Contemporary, Mid Century Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 22211134
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Below
  • Levels: Two
  • Price Per Square Foot: 411.11
  • Room Type: All Bedrooms Up, Kitchen
  • Window Features: Blinds, Double Pane Windows, Screens, Wood Frames

Exterior Features

  • Foundation: Slab
  • View: Pool
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Expense: 1800.00
  • Pool Features: Private, Gunite, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Side, Garage - Single Door, Off Street, On Site, Parking Space
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1476.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Golf, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer
  • Lot Size: 52X178
  • Lot Size Sq Ft: 9191.00
  • Lot Size Acres: 0.2110

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 1125 Square Feet
  • Electric Expense: 2820.00
  • Gross Income: 83400.00
  • Gross Multiplier: 22.72
  • Gross Operating Income: 81732.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 3400.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1800.00
  • Lot Size Area: 9191.0000 Square Feet
  • Maintenance Expense: 4170.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 41810.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 39922.00
  • Rent Control: Yes
  • Total Actual Rent: 6800.00
  • Total Expenses: 39922.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 20845.00
  • Tax Census Tract: 1100.14
  • Tax Lot: 269
  • Tax Tract Number: 740
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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
12/30/2021 12/30/21 Sold $1,850,000 -2.4% $411 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $1,895,000 0.0% $421 / Sq Ft
01/15/2015 01/15/15 Rented $1,450 0.0% --
01/15/2015 01/15/15 For Rent $1,450 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,290 $1,963,234 $1,485,691 $477,543
2024 $23,290 $1,924,740 $1,456,560 $468,180
2023 $22,750 $1,887,000 $1,428,000 $459,000
2022 $22,646 $1,850,000 $1,400,000 $450,000
2021 $9,890 $709,962 $522,975 $186,987
2020 $9,880 $702,683 $517,613 $185,070
2019 $9,541 $688,905 $507,463 $181,442
2018 $9,064 $675,398 $497,513 $177,885
2017 $8,863 $662,155 $487,757 $174,398
2016 $8,683 $649,172 $478,193 $170,979
2015 $8,565 $639,421 $471,010 $168,411
2014 $8,270 $626,896 $461,783 $165,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21245255

California Regional Multiple Listing Service (CRMLS)
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