$1,375,000

Estimated payment $8,983/month

Total Views 921
5 Beds
3 Baths
3,516 Sq Ft
$391 Price per Sq Ft

Highlights

  • No HOA
  • Los Cerritos Elementary School Rated A
  • Laundry Room

About This Home

Rare opportunity to own a five unit apartment building in the excellent rental area of Bixby Knolls. Two story building built in 1961. Unit mix consists of four two-bedroom/one-bath and one one-bedroom/one-bath. Property has two two-car garages and an on-site laundry. Close to schools and walking distance to shops and restaurants. Long term tenants with potential upside in rents.

Listing Agent

Russell Godin

Godin Properties Inc. Brokerage Phone: 562-233-4341 License #01209317 Listed on: 07/18/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,424 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3,516 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134019003
  • $1,004 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Bixby Knolls Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $400
  • Gross Income $105,840
  • Net Operating Income $105,840

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • Water Sewer Expenses: 400.00
  • Zoning: LBR3S
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7134019003
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 391.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6424.00
  • Lot Size Acres: 0.1475

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Garage Income: 100.00
  • Gross Income: 105840.00
  • Gross Scheduled Income: 105840.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 82.00
  • Lot Size Area: 6424.0000 Square Feet
  • Net Operating Income: 105840.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 5715.02
  • Tax Lot: 3
  • Tax Tract Number: 13130
  • TaxOtherAnnualAssessmentAmount: 1004.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $1,375,000 -- $391 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25161644

California Regional Multiple Listing Service (CRMLS)