NOT LISTED FOR SALE

Estimated Value: $1,529,000 - $1,866,000

4 Beds
6 Baths
3,833 Sq Ft
$433/Sq Ft Est. Value

Last Sold November 22, 2017

Last sale price $1,075,000 $280 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $10,002/month

61 Days on Market

Highlights

  • Spanish Architecture
  • No HOA
  • Walk-In Closet
  • Fremont Elementary School Rated A
  • Double Pane Windows
  • Laundry Room

About This Home

As of November 2017

*****ADDED INTERIOR PHOTOS OF RECENTLY REMODELED KITCHEN AND BATH*****A large, nicely upgraded, 4-plex in the heart of Alamitos Heights. This property offers over 3,800 s.f of living space. There are three townhouse style (upstairs / downstairs) 1 bedroom units (over 1,000 s.f each), each with a 3rd floor balcony, and a large walk-in closet. Off street parking is provided by 4 covered, carport parking spots along with an onsite owned laundry facility. Unit mix: 4209 9th St - 1 bedroom / 1 bath ground floor, 4211 E. 9th St - upstairs, 1 bedroom TH style with 1.5 baths, 4213 E. 9th St - upstairs, 1 bedroom / 1 bath TH style, and 4215 E. 9th St - upstairs, 1 bedroom TH style with 1.5 baths. Over $50k in capital improvements over the past 24 months: fabric awnings, new windows on south and west elevations, drought-tolerant landscaping / irrigation, 3 renovated full bathrooms, 1 renovated kitchen, exterior painting, stair upgrades, new appliances in three of the four units, and new front doors. No turnover in this property in the last 7-8 years. Property is located in a quiet, well-maintained neighborhood, and is close to a number of K-12 schools and CSULB. This one is a gem.

Last Agent to Sell the Property

William Smith

Bryant Drive Properties, Inc. License #01431853 Listed on: 07/27/2017

Last Buyer's Agent

Nolia Boole

Nolia Boole, Broker License #01238723

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 2,691 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers

Home Design

  • Spanish Architecture
  • Quadruplex
  • Spanish Tile Roof

Interior Spaces

  • 3,833 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Awning
  • ENERGY STAR Qualified Windows
  • Carpet
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Tax Lot 009
  • Tax Tract Number 5
  • Assessor Parcel Number 7241005009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,300
  • Water Sewer Expense $1,800
  • New Taxes Expense $13,000
  • Operating Expense $16,800
  • Gross Income $64,540
  • Net Operating Income $46,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR3S
  • Architectural Style: Spanish
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7241005009
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 280.46
  • Room Type: Walk-In Closet
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Direction Faces: South
  • Exterior Features: Awning(s)
  • Pool Private: No
  • Roof: Spanish Tile

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport, Covered
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Cooktop
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 2691.00

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Electric Expense: 500.00
  • Gross Income: 64540.00
  • Gross Scheduled Income: 63540.00
  • Insurance Expense: 1300.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1000.00
  • Net Operating Income: 46740.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Operating Expense: 16800.00
  • Other Income Description: Laundry
  • Rent Control: No
  • Total Actual Rent: 63540.00
  • Total Expenses: 16800.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 009
  • Tax Tract Number: 005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2017
Closed on
Oct 19, 2017
Sold by
Smith William A
Bought by
Viltz Theophile A and Viltz Debra
Seller's Agent
William Smith
Bryant Drive Properties, Inc.
Buyer's Agent
Nolia Boole
Nolia Boole, Broker
List Price
$1,199,000
Sold Price
$1,075,000
Premium/Discount to List
-$124,000
-10.34%
Current Estimated Value
$1,659,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$584,153
Avg. Annual Appreciation
5.50%
Original Mortgage
$300,000
Outstanding Balance
$251,187
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$1,407,966

Purchase Details

Listed on
May 8, 2015
Closed on
Jun 19, 2015
Sold by
Wililams Tracy Marie
Bought by
Smith William A
Seller's Agent
Bill Mulkey
TR Wealth Management Inc.
Buyer's Agent
William Smith
Bryant Drive Properties, Inc.
List Price
$900,000
Sold Price
$810,000
Premium/Discount to List
-$90,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$526,500
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 10, 2001
Sold by
Williams Tracy M
Bought by
Williams Tracy Marie and The Tracy Marie Williams Living Trust

Purchase Details

Closed on
Feb 4, 2000
Sold by
Stewart David A
Bought by
Williams Tracy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,400
Interest Rate
4.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Viltz Theophile A $1,075,000 Fatcola
Smith William A $810,000 Fatcola
Williams Tracy Marie -- --
Williams Tracy M $325,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Viltz Theophile A $300,000
Previous Owner Smith William A $526,500
Previous Owner Williams Tracy M $292,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2017 11/22/17 Sold $1,075,000 -6.5% $280 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
09/06/2017 09/06/17 Price Changed $1,150,000 -4.1% $300 / Sq Ft
08/29/2017 08/29/17 For Sale $1,199,000 +11.5% $313 / Sq Ft
08/25/2017 08/25/17 Off Market $1,075,000 -- --
07/27/2017 07/27/17 For Sale $1,199,000 +48.0% $313 / Sq Ft
07/16/2015 07/16/15 Sold $810,000 -10.0% $301 / Sq Ft View Prior Sale
06/14/2015 06/14/15 Pending -- -- --
05/08/2015 05/08/15 For Sale $900,000 -- $334 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,707 $1,223,161 $853,369 $369,792
2024 $15,707 $1,199,179 $836,637 $362,542
2023 $15,441 $1,175,667 $820,233 $355,434
2022 $14,493 $1,152,615 $804,150 $348,465
2021 $14,196 $1,130,016 $788,383 $341,633
2019 $13,992 $1,096,500 $765,000 $331,500
2018 $13,654 $1,075,000 $750,000 $325,000
2017 $10,736 $826,200 $581,400 $244,800
2016 $9,970 $810,000 $570,000 $240,000
2015 $5,273 $415,612 $107,033 $308,579
2014 -- $407,472 $104,937 $302,535
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17173070

California Regional Multiple Listing Service (CRMLS)

APN: 7241-005-009