NOT LISTED FOR SALE
11 Beds
8 Baths
22,862 Sq Ft
0.63 Acre Lot

Sale Details

Date Sold: May 7, 2024

Last sale price $8,637,500 $378 Per Sq Ft

9 Days on Market

Highlights

  • Private Pool
  • Laundry Facilities
  • Level Lot
  • 0.63 Acre Lot

About This Home

As of May 2024

The Green Ave. Apartments is a pride of ownership property located in one of Orange County’s strongest rental markets. Los Alamitos atracts excellent tenants due to its award winning schools which are recognized as some of the top schools in the state. The property has a unique unit mix with 60% of the units being large 3 & 4 bedrooms, the remaining 40% being 2 bedrooms. This unit mix attracts families wanting their kids to attend top ranked schools. In addition to the excellent schools, the location is central to both Orange County and Los Angeles and very close proximity to the 405, 605 and 22 Freeways as well as the Long Beach Airport and John Wayne Airport.

Last Agent to Sell the Property

Grant Hahn

Morgan Skenderian Brokerage Email: gmh@morganskenderian.com License #01197893 Listed on: 02/27/2024

Co-Listed By

Doug Rodermund

Morgan Skenderian Brokerage Email: gmh@morganskenderian.com License #01314304

Last Buyer's Agent

Sean Riley

CB Richard Ellis, Inc. License #01920511

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 27,300 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 2 Open Parking Spaces
  • 26 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 22,862 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Pool

  • Private Pool
  • Fence Around Pool

Listing and Financial Details

  • Tax Lot 262
  • Tax Tract Number 740
  • Assessor Parcel Number 22211131
  • $10,612 per year additional tax assessments

Community Details

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 20 Separate Water Meters
  • Insurance Expense $11,431
  • Professional Management Expense $9,600
  • Operating Expense $204,222
  • Gross Income $572,618
  • Net Operating Income $368,396

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0.63 Acres

Parking

26

Listing Details

  • CapRate: 4.10
  • Professional Management Expense: 9600.00
  • Property Attached: Yes
  • Subdivision Name Other: Los Alamitos
  • Zoning: CF
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 22211131
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 377.81

Exterior Features

  • Pool Features: Private, Fenced
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 26.00
  • Total Parking Spaces: 28.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 27300.00
  • Lot Size Acres: 0.6267

Multi Family

  • Gross Multiplier: 15.24
  • Gross Operating Income: 572618.00
  • Gross Scheduled Income: 590328.00
  • Insurance Expense: 11431.00
  • Lot Size Area: 27300.0000 Square Feet
  • Net Operating Income: 368396.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 20
  • Number Of Units Total: 20
  • Operating Expense: 204222.00
  • Operating Expense Percent: 34.60
  • Rent Control: No
  • Total Expenses: 204222.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 1100.14
  • Tax Lot: 262
  • Tax Tract Number: 740
  • TaxOtherAnnualAssessmentAmount: 10612.00

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
Feb 27, 2024
Closed on
Apr 25, 2024
Sold by
Bought by
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Sean Riley
CB Richard Ellis, Inc.
List Price
$8,995,000
Sold Price
$8,637,500
Premium/Discount to List
-$357,500
-3.97%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,190,000
Outstanding Balance
$4,091,521
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2017
Closed on
Aug 22, 2017
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Doug Rodermund
Morgan Skenderian
List Price
$8,795,000
Sold Price
$8,400,000
Premium/Discount to List
-$395,000
-4.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.42%

Purchase Details

Closed on
Mar 6, 2015
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
$4,190,000
Interest Rate
3.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2004
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
$2,480,000
Interest Rate
5.14%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 7, 2001
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
$1,771,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2001
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
$1,771,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2001
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
$1,771,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2001
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
$1,771,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 14, 1997
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
$8,637,500 Ticor Title Company
$8,400,000 Commonwealth Land Title Co
$6,200,000 Ticor Title
$3,700,000 Commonwealth Land Title
-- --
-- Commonwealth Land Title
-- Commonwealth Land Title
-- Commonwealth Land Title
$2,200,000 Commonwealth Land Title
$2,200,000 Commonwealth Land Title
-- --
-- Fidelity National Title Ins
-- Fidelity National Title Ins
-- Fidelity National Title Co
-- Fidelity National Title Ins
$31,000 Fidelity National Title Ins
-- Fidelity National Title Ins
$16,500 Fidelity National Title Ins
-- Fidelity National Title Ins
$110,000 Fidelity National Title Co
-- --
-- --
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 $4,190,000
Previous Owner $4,190,000
Previous Owner $2,850,000
Previous Owner $2,480,000
Previous Owner $1,900,000
Previous Owner $1,771,000
Previous Owner $1,540,000
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 Prior Sale
05/07/2024 05/07/24 Sold $8,637,500 -4.0% $378 / Sq Ft
03/18/2024 03/18/24 For Sale $8,995,000 0.0% $393 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $8,995,000 0.0% $393 / Sq Ft
06/27/2018 06/27/18 Rented $2,295 0.0% --
04/11/2018 04/11/18 For Rent $2,295 0.0% --
08/28/2017 08/28/17 Sold $8,400,000 +1.8% $367 / Sq Ft View Prior Sale
08/02/2017 08/02/17 Pending -- -- --
08/02/2017 08/02/17 Price Changed $8,250,000 -6.2% $361 / Sq Ft
03/08/2017 03/08/17 For Sale $8,795,000 -- $385 / 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 $107,609 $8,986,455 $8,014,302 $972,153
2025 $107,609 $8,810,250 $7,857,158 $953,092
2024 $113,610 $9,370,357 $6,023,802 $3,346,555
2023 $110,971 $9,186,625 $5,905,688 $3,280,937
2022 $110,451 $9,006,496 $5,789,891 $3,216,605
2021 $108,030 $8,829,899 $5,676,364 $3,153,535
2020 $108,299 $8,739,360 $5,618,160 $3,121,200
2019 $104,381 $8,568,000 $5,508,000 $3,060,000
2018 $99,550 $8,400,000 $5,400,000 $3,000,000
2017 $77,827 $6,420,441 $4,038,665 $2,381,776
2016 $76,293 $6,294,550 $3,959,475 $2,335,075
2015 $54,643 $4,291,298 $2,667,567 $1,623,731
2014 -- $3,500,000 $2,311,288 $1,188,712
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24040270

California Regional Multiple Listing Service (CRMLS)
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