NOT LISTED FOR SALE
3 Beds
2 Baths
6,600 Sq Ft
0.35 Acres

Last Sold November 15, 2023

Last sale price $1,825,000 $277 Per Sq Ft

22 Days on Market

Highlights

  • 0.35 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • 8 Car Garage
  • Western High School Rated A-
  • Laundry Room
  • Heating System Uses Natural Gas

About This Home

As of November 2023

Available together with or separate from 7862 2nd Street (11 Units).

Built in 1970, this eight-unit two-story garden-style walk-up consists of one- and two-bedroom units. The center walkway leads to a courtyard in the rear with a BBQ and seating area. The building has a flat roof and is separately metered for electricity. Each unit has wall air-conditioning, small balcony or patio, and a screen door. Tenants have garage parking, and there is no tuck-under parking. There is also an on-site laundry room for convenience.

The property is conveniently located off Beach Boulevard and less than 5 miles from Disneyland Resort, Disney California Adventure Park, and less than 3 miles from The Source OC Shopping center, Medieval Times, Knott’s Berry Farm, Ralphs, Target, and Whole Foods Market.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 07/31/2023

Last Buyer's Agent

Patrick Swanson

Pat Swanson License #01382974

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 6,600 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 46
  • Tax Tract Number 868
  • Assessor Parcel Number 07923106
  • $2,587 per year additional tax assessments

Community Details

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $2,100
  • Gardener Expense $3,000
  • Insurance Expense $2,800
  • Maintenance Expense $4,000
  • Other Expense $2,587
  • Pest Control $1,200
  • Professional Management Expense $3,600
  • Trash Expense $2,200
  • Water Sewer Expense $2,100
  • New Taxes Expense $22,440
  • Operating Expense $47,227
  • Gross Income $85,200
  • Net Operating Income $36,617

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

8

Listing Details

  • Price Per Unit: 255000
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Subdivision Name Other: 2nd Street
  • Water Sewer Expenses: 2100.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 07923106
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: First
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 276.52

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 2200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 15246.00
  • Lot Size Acres: 0.3500

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 1050 Square Feet
  • Electric Expense: 1200.00
  • Fuel Expense: 2100.00
  • Gross Income: 85200.00
  • Gross Operating Income: 83844.00
  • Gross Scheduled Income: 85200.00
  • Gross Spendable Income: 36617.00
  • Insurance Expense: 2800.00
  • Laundry Income: 1200.00
  • Lot Size Area: 0.3500 Acres
  • Maintenance Expense: 4000.00
  • Net Operating Income: 36617.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number Wall A C: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 47227.00
  • Other Expense: 2587.00
  • Other Expense Description: Other Ex
  • Rent Control: No
  • Total Expenses: 47227.00
  • Vacancy Allowance: 2556
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 22440.00
  • Tax Census Tract: 878.02
  • Tax Lot: 46
  • Tax Tract Number: 868
  • TaxOtherAnnualAssessmentAmount: 2587.00

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
11/15/2023 11/15/23 Sold $1,825,000 -10.5% $277 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $2,040,000 -- $309 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23136217

California Regional Multiple Listing Service (CRMLS)