NOT LISTED FOR SALE

4412 Howard Ave Los Alamitos, CA 90720

5 Beds
3 Baths
5,358 Sq Ft
9,069 Sq Ft Lot

Last Sold March 14, 2022

Last sale price $2,550,000 $476 Per Sq Ft

27 Days on Market

Highlights

  • Laundry Room
  • Los Alamitos Elementary School Rated A
  • Landscaped

About This Home

As of March 2022

The Howard Street Apartments are an attractive garden style 5-unit investment opportunity in the desirable City of Los Alamitos. The Howard Street Apartments is a very well-maintained property, built in 1986 and has a very desirable unit mix consisting of (2) two bedroom/one bath two-story townhome units, (2) two bedroom/one bath units and (1) three bedroom/two bath units. The Howard Street Apartments has been owned in the same family for many years and is a unique investment opportunity due to its high-quality location and significant upside potential.

Last Agent to Sell the Property

Jay Skenderian

Morgan Skenderian License #01220368 Listed on: 02/02/2022

Last Buyer's Agent

Jay Skenderian

Morgan Skenderian License #01220368 Listed on: 02/02/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 9,069 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Density is 2-5 Units/Acre

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage

Home Design

  • 5,358 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 411
  • Tax Tract Number 740
  • Assessor Parcel Number 22213251
  • $2,269 per year additional tax assessments

Community Details

Overview

  • 5 Units
  • Catalina Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $4,638
  • Operating Expense $50,967
  • Gross Income $119,460
  • Net Operating Income $64,909

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

5

Listing Details

  • CapRate: 2.60
  • Property Attached: Yes
  • Subdivision Name Other: Catalina (CATL)
  • Property Type: Residential Income
  • Parcel Number: 22213251
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 475.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped
  • Lot Size Sq Ft: 9069.00
  • Lot Size Acres: 0.2082

Multi Family

  • Gross Multiplier: 20.93
  • Gross Operating Income: 119460.00
  • Gross Scheduled Income: 116340.00
  • Insurance Expense: 4638.00
  • Lot Size Area: 9069.0000 Square Feet
  • Net Operating Income: 64909.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 50967.00
  • Rent Control: No
  • Total Expenses: 50967.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 1100.14
  • Tax Lot: 411
  • Tax Tract Number: 740
  • TaxOtherAnnualAssessmentAmount: 2269.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2022 03/14/22 Sold $2,550,000 +2.0% $476 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $2,500,000 -- $467 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $31,547 $2,706,080 $2,276,339 $429,741
2024 $31,547 $2,653,020 $2,231,705 $421,315
2023 $30,826 $2,601,000 $2,187,946 $413,054
2022 $11,627 $835,720 $344,075 $491,645
2021 $11,369 $819,334 $337,329 $482,005
2020 $11,359 $810,933 $333,870 $477,063
2019 $10,785 $777,870 $307,956 $469,914
2018 $10,237 $762,618 $301,918 $460,700
2017 $10,015 $747,665 $295,998 $451,667
2016 $9,815 $733,005 $290,194 $442,811
2015 $9,684 $721,995 $285,835 $436,160
2014 $9,354 $707,853 $280,236 $427,617
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22021030

California Regional Multiple Listing Service (CRMLS)

APN: 222-132-51