NOT LISTED FOR SALE
8 Beds
5 Baths
4,584 Sq Ft
10,023 Sq Ft Lot

Sale Details

Date Sold: February 28, 2019

Last sale price $1,400,000 $305 Per Sq Ft

18 Days on Market

Highlights

  • No HOA
  • 6 Car Direct Access Garage
  • Rectangular Lot
  • Los Alamitos Elementary School Rated A
  • Laundry Facilities
  • Heating Available

About This Home

As of February 2019

FOUR units in excellent condition and well maintained in the heart of desired Los Alamitos; walking distance to High School, doctors offices, banks, restaurants, and shopping. All units are occupied by long term tenants at way below rental market value; enormous potential to generate additional rental income and bring the rent to current market value; units are located in a rental area with high demand from potential qualified applicants; the units have a total of 6 covered park garages and 2 additional parking spaces; Ideally for new owner to live in the front unit 4152 - 3 beds & 2 and 1/2 bath and rent the other three. 4154 - 2 bed & 1 and 1/2 bath, 4156 - 2 beds & 1 and 1/2 bath, and 4158 - 1 bed & 1 bath; Units are priced to sell; DON'T miss this opportunity

Last Agent to Sell the Property

Santos Hernandez

Santos E Hernandez License #01719451 Listed on: 01/14/2019

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 1977

Lot Details

  • 10,023 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 6 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Parking Lot

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 4,584 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 288
  • Tax Tract Number 740
  • Assessor Parcel Number 22205109

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,700
  • Trash Expense $1,560
  • Water Sewer Expense $5,400
  • New Taxes Expense $18,737
  • Operating Expense $9,980
  • Gross Income $48,720
  • Net Operating Income $38,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

10,023 Sq Ft Lot

Parking

6

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 5400.00
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 22205109
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 305.41

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Garage, Garage Faces Rear, Garage - Single Door, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1560.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Walkstreet
  • Lot Size: 10021
  • Lot Size Sq Ft: 10023.00
  • Lot Size Acres: 0.2301

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 48720.00
  • Gross Scheduled Income: 4060.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 10023.0000 Square Feet
  • Net Operating Income: 38740.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9980.00
  • Rent Control: No
  • Total Expenses: 9980.00

Tax Info

  • New Taxes Expense: 18737.00
  • Tax Area: 22-006
  • Tax Census Tract: 1100.14
  • Tax Lot: 288
  • Tax Tract Number: 740
  • Tax Year: 2018

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
Jan 14, 2019
Closed on
Feb 4, 2019
Sold by
Palmer Cecilia L
Bought by
Seller's Agent
Santos Hernandez
Santos E Hernandez
Buyer's Agent
Sean Riley
CB Richard Ellis, Inc.
List Price
$1,499,000
Sold Price
$1,400,000
Premium/Discount to List
-$99,000
-6.6%

Purchase Details

Closed on
Feb 3, 2010
Sold by
Palmer Walter B and Palmer Cecilia L
Bought by
Palmer Walter B and Palmer Cecilia L
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
$1,400,000 Fidelity National Title Co
Palmer Walter B -- 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 $850,000
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
02/28/2019 02/28/19 Sold $1,400,000 -6.6% $305 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
01/14/2019 01/14/19 For Sale $1,499,000 -- $327 / 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 $19,328 $1,592,958 $1,340,364 $252,594
2025 $18,972 $1,561,724 $1,314,082 $247,642
2024 $18,972 $1,531,102 $1,288,315 $242,787
2023 $18,526 $1,501,081 $1,263,054 $238,027
2022 $18,427 $1,471,649 $1,238,289 $233,360
2021 $18,022 $1,442,794 $1,214,009 $228,785
2020 $18,056 $1,428,000 $1,201,560 $226,440
2019 $7,307 $487,907 $188,375 $299,532
2018 $6,926 $478,341 $184,682 $293,659
2017 $6,771 $468,962 $181,061 $287,901
2016 $6,630 $459,767 $177,511 $282,256
2015 $6,533 $452,861 $174,844 $278,017
2014 $6,310 $443,991 $171,419 $272,572
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19012267

California Regional Multiple Listing Service (CRMLS)
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