NOT LISTED FOR SALE
4 Beds
5 Baths
16,955 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: June 18, 2018

Last sale price $5,000,000 $295 Per Sq Ft

6 Days on Market

Highlights

  • Above Ground Pool
  • 11,461 Sq Ft lot
  • Ceiling Fan
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • Level Lot

About This Home

As of June 2018

The Anaheim Street Apartments is comprised of sixteen units consisting of large two bedroom units, plus one non-conforming studio, a jacuzzi and twenty-five subterranean parking spaces. The property presents investors with an exceptional buying opportunity to acquire a value-add property with 35% rental upside. The building is located in the Park Estates/Circle Area submarket and in close proximity to Cal State Long Beach University, Recreation Park 9 Golf Course and walking distance to restaurants, coffee shops, shopping and nightlife venues.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 03/09/2018

Keller Williams Realty Downey

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 03/09/2018

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 11,461 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 25 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 16,955 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring
  • Gas Cooktop
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Additional Features

  • Above Ground Pool
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 0
  • Assessor Parcel Number 7253026017

Community Details

Recreation

  • Community Pool

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,332
  • Fuel Expense $3,332
  • Gardener Expense $2,017
  • Insurance Expense $6,782
  • Maintenance Expense $3,600
  • Other Expense $9,870
  • Pest Control $550
  • Professional Management Expense $17,304
  • Supplies Expense $5,200
  • Trash Expense $3,332
  • Water Sewer Expense $3,332
  • New Taxes Expense $69,148
  • Operating Expense $129,504
  • Gross Income $346,035
  • Net Operating Income $216,581

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.26 Acres

Parking

25

Listing Details

  • Professional Management Expense: 17304.00
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Supplies Expense: 5200.00
  • Water Sewer Expenses: 3332.00
  • Zoning: LBCCN
  • Property Type: Residential Income
  • Gardener Expense: 2017.00
  • Parcel Number: 7253026017
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 294.90

Exterior Features

  • Pool Features: Community, Above Ground
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 25.00
  • Total Parking Spaces: 25.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Laundry Features: Community
  • Pest Control Expense: 550.00
  • Sewer: Unknown
  • Trash Expense: 3332.00
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 11461.00

Multi Family

  • Electric Expense: 3332.00
  • Fuel Expense: 3332.00
  • Gross Income: 346035.00
  • Gross Scheduled Income: 364300.00
  • Insurance Expense: 6782.00
  • Maintenance Expense: 3600.00
  • Net Operating Income: 216581.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 129504.00
  • Other Expense: 9870.00
  • Other Expense Description: MISC
  • Rent Control: No
  • Total Expenses: 129504.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 69148.00
  • Tax Census Tract: 5750.02
  • Tax Lot: 36
  • Tax Tract Number: 0.26

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

Closed on
Dec 18, 2024
Sold by
Bought by

Purchase Details

Listed on
Mar 9, 2018
Closed on
Jun 18, 2018
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$5,450,000
Sold Price
$5,000,000
Premium/Discount to List
-$450,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,229,000
Interest Rate
0.043%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 9, 2018
Closed on
Jun 12, 2018
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$5,450,000
Sold Price
$5,000,000
Premium/Discount to List
-$450,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,229,000
Interest Rate
0.043%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 9, 2018
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
$3,229,000
Interest Rate
0.043%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 28, 2002
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
$785,000
Interest Rate
0.0589%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Listed On Document
-- North American Title
-- North American Title
$5,000,000 North American Title
-- North American Title
$1,640,000 American 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
Closed $4,500,000
Closed $3,229,000
Closed $3,229,000
Closed $1,200,000
Closed $785,000
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
06/18/2018 06/18/18 Sold $5,000,000 -8.3% $295 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $5,450,000 -- $321 / 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
2025 $76,084 $5,689,143 $3,982,401 $1,706,742
2024 $72,633 $5,577,592 $3,904,315 $1,673,277
2023 $71,413 $5,468,228 $3,827,760 $1,640,468
2022 $67,016 $5,361,008 $3,752,706 $1,608,302
2021 $65,655 $5,255,891 $3,679,124 $1,576,767
2019 $64,713 $5,100,000 $3,570,000 $1,530,000
2018 $27,974 $2,087,541 $610,985 $1,476,556
2016 $25,660 $2,006,480 $587,260 $1,419,220
2015 $24,665 $1,976,341 $578,439 $1,397,902
2014 $24,554 $1,937,629 $567,109 $1,370,520
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18055678

California Regional Multiple Listing Service (CRMLS)
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