$668,000
SOLD MAR 10, 2017
6 Beds
4 Baths
2,568 Sq Ft
2,508 Sq Ft Lot

Recently Sold

$260 Per Sq Ft

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Living Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan

About This Home

As of September 2022

Great opportunity to own an investment property. This property is located just blocks away from the beach. Positive cash flow, great location and no rent control. This 4 unit property has 3 units currently rented, 1 unit is vacant, perfect for the new owner to live within the units. Located minutes from the transportation, restaurants and major freeways. Buyer to cooperate with Sellers 1031 exchange at no cost to buyer.

Last Agent to Sell the Property

George Kpachavi

Keller Williams Realty-Studio City License #01839703 Listed on: 01/13/2017

Keller Williams Realty-Studio City

Last Buyer's Agent

John Lindberg

Re/Max R. E. Specialists License #01010112

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,406

Year Built

  • Built in 1923

Lot Details

  • 2,508 Sq Ft Lot
  • Property fronts a private road
  • Two or More Common Walls
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 2,568 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Screens
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Range Hood
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 3
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272015028

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $913
  • Trash Expense $900
  • Water Sewer Expense $1,080
  • New Taxes Expense $7,837
  • Operating Expense $10,730
  • Gross Income $38,470
  • Net Operating Income $46,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,406

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 1080.00
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7272015028
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Pantry
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 260.12
  • Room Type: Kitchen, Living Room
  • Window Features: Screens

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Utilities

  • Utilities: Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Appliances: Disposal, Gas Cooktop, Range Hood
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 2508.00

Rental Info

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

Multi Family

  • Gross Income: 38470.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 913.00
  • Net Operating Income: 46307.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 2893.00
  • Rent Control: No
  • Total Expenses: 10730.00

Tax Info

  • New Taxes Expense: 7837.00
  • Tax Census Tract: 5758.02
  • Tax Lot: 3
  • Tax Tract Number: 5758

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Aug 16, 2022
Sold by
Haddad Family Trust
Bought by
Lbchestnut Llc
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Andrew McAllister
eXp Realty of Greater L.A
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Views
4
Current Estimated Value
$1,161,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,521
Avg. Annual Appreciation
4.91%
Original Mortgage
$650,000
Outstanding Balance
$621,867
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$529,984

Purchase Details

Listed on
Jan 14, 2020
Closed on
Feb 3, 2020
Sold by
Gumbiner Lee and Lee Gumbiner Living Trust
Bought by
Haddad Nour F and Haddad Fred Farid
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Jonathan Weir
Marcus & Millichap
List Price
$875,000
Sold Price
$875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$610,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 13, 2017
Closed on
Jan 26, 2017
Sold by
Vernay Bryan M
Bought by
Gumbiner Lee and The Lee Gumbiner Living Trust
Seller's Agent
George Kpachavi
Keller Williams Realty-Studio City
Buyer's Agent
John Lindberg
Re/Max R. E. Specialists
List Price
$669,999
Sold Price
$668,000
Premium/Discount to List
-$1,999
-0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%
Original Mortgage
$501,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2015
Closed on
Oct 21, 2015
Sold by
Lb Shoreline Properties Llc
Bought by
Vernay Bryan M
Seller's Agent
Joseph Ammirato
Mark 1 Real Estate, Inc.
Buyer's Agent
Alex Sanchez
Realty ONE Group United
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$472,500
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2014
Sold by
Zipusch Juliana Emily
Bought by
Lb Shoreline Properties Llc

Purchase Details

Listed on
Feb 28, 2013
Closed on
Apr 15, 2013
Sold by
Merriman Russell
Bought by
Zipusch Walter A and Ammirato Zipusch Juliana
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Joseph Ammirato
Mark 1 Real Estate, Inc.
List Price
$539,900
Sold Price
$542,500
Premium/Discount to List
$2,600
0.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$406,875
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2011
Sold by
Merriman Russell
Bought by
Merriman Russell and Merriman Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2011
Sold by
Merriman Russell
Bought by
Merriman Russell and Merriman Deanna

Purchase Details

Closed on
Mar 28, 2011
Sold by
Federal National Mortgage Association
Bought by
Merriman Russell and Merriman Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,600
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Stefanovic Svetlana
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 16, 2005
Sold by
Stefanovic Nebojsa
Bought by
Stefanovic Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 11, 2005
Sold by
Southard Elizabeth
Bought by
Stefanovic Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 11, 2004
Sold by
Lewis Ken
Bought by
Southard Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2004
Sold by
Nowicki Jacob
Bought by
Southard Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2003
Sold by
Lynds Gregory S
Bought by
Nowicki Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,600
Interest Rate
7.75%

Purchase Details

Closed on
Jan 31, 2003
Sold by
Lynds Gregory S
Bought by
Lynds Gregory S and Lynds Maureen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,600
Interest Rate
7.75%

Purchase Details

Closed on
Dec 20, 2001
Sold by
Foley Michael E
Bought by
Lynds Gregory S and Lynds Maureen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.15%

Purchase Details

Closed on
Mar 3, 2000
Sold by
Foley Michael
Bought by
Foley Michael E and Michael E Foley Trust

Purchase Details

Closed on
Nov 11, 1998
Sold by
Federal National Mortgage Association
Bought by
Foley Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.42%

Purchase Details

Closed on
Sep 25, 1998
Sold by
Smith George Britton
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.42%

Purchase Details

Closed on
Jun 4, 1996
Sold by
Solis Victoria P
Bought by
Ruiz Mary Lou and Solis Family Trust

Purchase Details

Closed on
Jul 8, 1994
Sold by
Smith George Britton
Bought by
Sanford Walter S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,500
Interest Rate
8.57%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,000,000 Chicago Title
Grant Deed $875,000 First American Title Company
Grant Deed $668,000 Chicago Title Company
Grant Deed $630,000 Wfg National Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $542,500 Fidelity National Title Co
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $325,000 First American Title Ins Co
Trustee Deed $595,507 Landsafe Title
Quit Claim Deed -- --
Grant Deed $680,000 --
Interfamily Deed Transfer -- North American Title Co
Grant Deed $500,000 North American Title Co
Grant Deed $374,000 Commonwealth
Interfamily Deed Transfer -- Commonwealth
Grant Deed $225,000 First American Title Co
Interfamily Deed Transfer -- --
Corporate Deed $127,500 Chicago Title
Trustee Deed $91,477 First American Title Ins Co
Gift Deed -- --
Grant Deed -- North American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 New Conventional
Previous Owner $610,000 New Conventional
Previous Owner $501,000 New Conventional
Previous Owner $472,500 New Conventional
Previous Owner $406,875 New Conventional
Previous Owner $295,000 New Conventional
Previous Owner $285,600 New Conventional
Previous Owner $123,000 Credit Line Revolving
Previous Owner $615,000 New Conventional
Previous Owner $544,000 Negative Amortization
Previous Owner $360,000 Purchase Money Mortgage
Previous Owner $336,600 No Value Available
Previous Owner $180,000 No Value Available
Previous Owner $136,000 No Value Available
Previous Owner $14,500 Seller Take Back
Closed $90,000 No Value Available
Closed $68,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $1,000,000 -4.8% $389 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/14/2022 07/14/22 Price Changed $1,050,000 -3.2% $409 / Sq Ft
07/07/2022 07/07/22 Price Changed $1,085,000 -1.4% $423 / Sq Ft
07/06/2022 07/06/22 For Sale $1,100,000 +10.0% $428 / Sq Ft
07/02/2022 07/02/22 Off Market $1,000,000 -- --
06/30/2022 06/30/22 For Sale $1,100,000 +10.0% $428 / Sq Ft
06/30/2022 06/30/22 Off Market $1,000,000 -- --
05/24/2022 05/24/22 For Sale $1,100,000 +25.7% $428 / Sq Ft
03/05/2020 03/05/20 Sold $875,000 0.0% $341 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $875,000 +31.0% $341 / Sq Ft
03/10/2017 03/10/17 Sold $668,000 -0.3% $260 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $669,999 +6.3% $261 / Sq Ft
11/23/2015 11/23/15 Sold $630,000 0.0% $245 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $630,000 +16.1% $245 / Sq Ft
05/21/2013 05/21/13 Sold $542,500 +0.5% $211 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $539,900 -- $210 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $13,406 $1,040,400 $634,644 $405,756
2024 $13,406 $1,020,000 $622,200 $397,800
2023 $13,177 $1,000,000 $610,000 $390,000
2022 $11,432 $901,745 $587,423 $314,322
2021 $11,198 $884,064 $575,905 $308,159
2020 $9,175 $709,145 $498,767 $210,378
2019 $9,067 $695,247 $488,988 $206,259
2018 $8,831 $681,620 $479,400 $202,220
2016 $7,837 $630,000 $440,000 $190,000
2015 $6,676 $545,000 $380,000 $165,000
2014 $6,764 $544,962 $381,725 $163,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17008262

California Regional Multiple Listing Service (CRMLS)

APN: 7272-015-028