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

Sale Details

Date 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
  • Heating System Uses Natural Gas
  • Hansen Elementary School Rated 9+
  • 8 Car Garage

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

Pat Swanson

Pat Swanson License #01382974

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 15,246 Sq Ft 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
  • Entry on the 1st floor
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

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

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

0.35 Acres

Parking

8

Listing Details

  • 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
  • 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 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 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $23,156 $1,861,500 $1,556,875 $304,625
2024 $23,156 $1,825,000 $1,526,348 $298,652
2023 $5,078 $210,098 $33,771 $176,327
2022 $4,971 $205,979 $33,109 $172,870
2021 $4,972 $201,941 $32,460 $169,481
2020 $4,901 $199,871 $32,127 $167,744
2019 $4,819 $195,952 $31,497 $164,455
2018 $4,750 $192,110 $30,879 $161,231
2017 $4,631 $188,344 $30,274 $158,070
2016 $4,601 $184,651 $29,680 $154,971
2015 $4,545 $181,878 $29,234 $152,644
2014 $4,404 $178,316 $28,662 $149,654
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23136217

California Regional Multiple Listing Service (CRMLS)
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