NOT LISTED FOR SALE
8 Beds
8 Baths
4,290 Sq Ft
8,725 Sq Ft Lot

Sale Details

Date Sold: April 21, 2023

Last sale price $1,700,000 $396 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Bike Trail
  • Los Alamitos Elementary School Rated A
  • Park
  • Laundry Facilities

About This Home

As of April 2023

Excellent 4 unit investment property located in Los Alamitos, one of the most desirable rental markets in Orange County. Built in 1960 the subject property offers an attractive unit mix of (4) two bedroom/one and half bathroom units, approximately 1,070 sq. ft. each, and the opportunity to add an ADU. Three of the units are townhouse style and all units have washer/dryer hookups in the unit. There is huge upside in the rents. Recent markets rents for similar units that are completely renovated are around $2,800 per month. In addition, there is an opportunity to convert 3 of the single car garages (a detached structure) into an ADU unit, further increasing the income and potential value of the property. This is a unique investment opportunity due to high quality location and significant upside potential.

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 03/10/2023

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,725 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Slab Foundation

Interior Spaces

  • 4,290 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 385
  • Tax Tract Number 740
  • Assessor Parcel Number 22205215
  • $2,186 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $285
  • Gardener Expense $1,127
  • Insurance Expense $2,350
  • Maintenance Expense $1,200
  • Pest Control $540
  • Professional Management Expense $4,569
  • Trash Expense $1,916
  • Water Sewer Expense $2,297
  • Operating Expense $14,428
  • Gross Income $6,375
  • Net Operating Income $63,510

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

8,725 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: No
  • Professional Management Expense: 4569.00
  • Property Attached: Yes
  • Subdivision Name Other: Los Alamitos
  • View: Yes
  • Water Sewer Expenses: 2297.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1127.00
  • Parcel Number: 22205215
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 396.27

Exterior Features

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

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Trash Expense: 1916.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Park, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street
  • Lot Size Sq Ft: 8725.00
  • Lot Size Acres: 0.2003

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 285.00
  • Gross Income: 6375.00
  • Gross Operating Income: 76500.00
  • Gross Scheduled Income: 76500.00
  • Gross Spendable Income: 63510.00
  • Insurance Expense: 2350.00
  • Lot Size Area: 8725.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 63510.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 12989.00
  • Rent Control: Yes
  • Total Expenses: 14428.00

Tax Info

  • Tax Census Tract: 1100.14
  • Tax Lot: 385
  • Tax Tract Number: 740
  • TaxOtherAnnualAssessmentAmount: 2186.00

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
Mar 10, 2023
Closed on
Mar 23, 2023
Sold by
Chester W Kaufman W and Chester Delphine M
Bought by
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$1,750,000
Sold Price
$1,700,000
Premium/Discount to List
-$50,000
-2.86%
Views
46

Purchase Details

Closed on
Feb 15, 2013
Sold by
Kaufman Delphine M
Bought by
Kaufman Delphine M and Trust B

Purchase Details

Closed on
Oct 16, 2009
Sold by
Kaufman Chester W and Kaufman Delphine M
Bought by
Kaufman Chester W and Kaufman Delphine M

Purchase Details

Closed on
Dec 9, 2003
Sold by
Kaufman Chester W and Kaufman Delphine M
Bought by
Kaufman Chester W and Kaufman Delphine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2003
Sold by
Andrews Julie E Macklin
Bought by
Kaufman Chester W and Kaufman Delphine M

Purchase Details

Closed on
Aug 2, 2001
Sold by
Andrews Calvin P
Bought by
Andrews Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.99%
Mortgage Type
Commercial
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
$1,750,000 Fidelity National Title
Hong Dynasty Llc $10,790,909 Fidelity National Title
Kaufman Delphine M -- None Available
Kaufman Chester W -- None Available
Kaufman Chester W -- Fidelity National Title
Kaufman Chester W $750,000 Fidelity National Title
Andrews Julie -- Lawyers Title Company
Andrews Julie $582,000 Lawyers Title Company
Andrews Julie E Macklin -- --
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
Previous Owner $270,000
Previous Owner Andrews Julie $300,000
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
04/21/2023 04/21/23 Sold $1,700,000 -2.9% $396 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $1,750,000 -- $408 / 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 $21,746 $1,804,053 $1,504,009 $300,044
2025 $21,746 $1,768,680 $1,474,519 $294,161
2024 $21,336 $1,734,000 $1,445,606 $288,394
2023 $13,463 $1,024,933 $478,305 $546,628
2022 $13,367 $1,004,837 $468,927 $535,910
2021 $13,063 $985,135 $459,733 $525,402
2020 $13,070 $975,034 $455,019 $520,015
2019 $12,616 $955,916 $446,097 $509,819
2018 $12,007 $937,173 $437,350 $499,823
2017 $11,737 $918,798 $428,775 $490,023
2016 $11,505 $900,783 $420,368 $480,415
2015 $11,349 $887,253 $414,054 $473,199
2014 $10,943 $869,873 $405,943 $463,930
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23040620

California Regional Multiple Listing Service (CRMLS)
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