NOT LISTED FOR SALE
3 Beds
3 Baths
14,499 Sq Ft
10,019 Sq Ft Lot

Last Sold December 10, 2016

Last sale price $5,350,000 $369 Per Sq Ft

19 Days on Market

About This Home

As of December 2016

7922 Aldrich Drive is 16 turn-key apartment units, situated less than 400 yards to the Bella Terra Mall. The unit mix consists of: 4 - 1 bedroom / 1 bathroom and 12 - 2 bedroom / 2 bathroom units. Amenities include: 26 garage stalls, select yards, balconies, and two owner owned on-site laundry rooms. The property benefits from its superb location, next to the mall, biking distance to Bolsa Chica State Park, Huntington Harbor, and to the various boutique restaurants and shopping of Downtown Huntington Beach. Huntington Beach ranks as having the eighth-lowest crime rate among U.S. cities of greater than 100,000 residents, and has also been named as the “One of the Best Places to Raise Children” in Southern California.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 08/25/2016

Last Buyer's Agent

Brett Bayless

Brett Bayless, Broker License #01718244

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Lawn
  • 1420810

Parking

  • 26 Car Garage

Interior Spaces

  • 14,499 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 54
  • Tax Tract Number 417
  • Assessor Parcel Number 14208209

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,394
  • Insurance Expense $5,084
  • Water Sewer Expense $12,082
  • New Taxes Expense $56,976
  • Gross Income $27,500
  • Net Operating Income $221,006

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

26

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 12082.00
  • Property Type: Residential Income
  • Parcel Number: 14208209
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 368.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 26.00
  • Total Parking Spaces: 26.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 1420810
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 10019.00
  • Price Per Lot Square Foot: 528.99

Multi Family

  • Electric Expense: 1394.00
  • Gross Income: 27500.00
  • Gross Scheduled Income: 330000.00
  • Insurance Expense: 5084.00
  • Net Operating Income: 221006.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 99094.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 56976.00
  • Tax Lot: 54
  • Tax Tract Number: 417

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
12/10/2016 12/10/16 Sold $5,350,000 +0.9% $369 / Sq Ft
08/25/2016 08/25/16 For Sale $5,300,000 -- $366 / 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: OC16187460

California Regional Multiple Listing Service (CRMLS)