NOT LISTED FOR SALE
3 Beds
3 Baths
26,820 Sq Ft
56,105 Sq Ft Lot

Last Sold December 22, 2015

Last sale price $9,800,000 $365 Per Sq Ft

3 Days on Market

Highlights

  • Filtered Pool
  • 1.29 Acre Lot
  • No HOA

About This Home

As of December 2015

Hamilton Place Apartments offers its tenants two quiet, secluded, and lush courtyard area's, each with a swimming pool. With a desirable unit mix, parking that includes 40 garages and 38 open spaces, two swimming pools, and an on-site laundry facility, this property is primed to be repositioned. The surrounding area demonstrates real growth through multiple SFR developments less than a mile from the subject property with sales starting at $650,000 to $700,000 and exceeding $950,000. This is an opportunity not to be missed.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 10/20/2015

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 10/20/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 1.29 Acre Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 40 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 26,820 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Pool

  • Filtered Pool
  • In Ground Pool
  • Gunite Pool
  • Pool Tile

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 06
  • Tax Tract Number 461
  • Assessor Parcel Number 42246105

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 40 Units

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 40 Separate Electric Meters
  • 40 Separate Gas Meters
  • Electric Expense $474
  • Gardener Expense $1,200
  • Insurance Expense $4,248
  • Maintenance Expense $30,602
  • Pool Expense $4,599
  • Professional Management Expense $36,722
  • Supplies Expense $1,200
  • Trash Expense $3,000
  • Water Sewer Expense $10,623
  • New Taxes Expense $115,112
  • Gross Income $51,136
  • Net Operating Income $387,291

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

1.29 Acres

Parking

40

Listing Details

  • Professional Management Expense: 36722.00
  • Property Attached: Yes
  • Supplies Expense: 1200.00
  • Water Sewer Expenses: 10623.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42246105
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 365.40

Exterior Features

  • Pool Expense: 4599.00
  • Pool Features: Community, Filtered, Gunite, In Ground, Tile
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 40.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 156.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 56100.00
  • Price Per Lot Square Foot: 174.69
  • Lot Size Acres: 1.2880

Rental Info

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

Multi Family

  • Electric Expense: 474.00
  • Gross Income: 51136.00
  • Gross Scheduled Income: 630972.00
  • Insurance Expense: 4248.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 56100.0000 Square Feet
  • Maintenance Expense: 30602.00
  • Net Operating Income: 387291.00
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Units Total: 40
  • Operating Expense: 224752.00
  • Other Income Description: Late Payments and RUBS
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 115112.00
  • Tax Lot: 06
  • Tax Tract Number: 461
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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 List to Sale Price per Sq Ft
12/22/2015 12/22/15 Sold $9,800,000 -2.0% $365 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $10,000,000 -- $373 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15229285

California Regional Multiple Listing Service (CRMLS)
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