NOT LISTED FOR SALE
8 Beds
8 Baths
4,794 Sq Ft
6,499 Sq Ft Lot

Last Sold December 14, 2021

Last sale price $2,000,000 $417 Per Sq Ft

5 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Tile Flooring
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Rectangular Lot

About This Home

As of December 2021

Well priced Balcony Style Building in a strong rental area. Most units are rented substantially under current market rents. All eight units are one bedroom/one bath units. All tenancies are month-to-month. Building has been recently repainted with new roof in 2018. 14.4 GRM on Actual rents and 12.6 GRM on Market rents.

Last Agent to Sell the Property

Kurt Wood

Belmont Brokerage & Mgmt. INC. License #00452182 Listed on: 10/23/2021

Last Buyer's Agent

Jesse Rubalcava

J. Rubalcava & Associates License #01215036

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1946

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 4,794 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, telephone, trash collection
  • Tax Lot 2
  • Assessor Parcel Number 7262010003
  • $1,306 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $1
  • Gross Income $11,401
  • Net Operating Income $75,643

Property Details

Home Type

Apartment

Year Built

Built in 1946

Lot Details

6,501 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 1.00
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 1.00
  • Zoning: LBR1N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7262010003
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Levels: Two
  • Price Per Square Foot: 417.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Telephone, Trash Collection

Multi Family

  • Average1 Bed Area: 599 Square Feet
  • Garage Income: 200.00
  • Gross Income: 11401.00
  • Gross Multiplier: 14.40
  • Gross Scheduled Income: 137532.00
  • Insurance Expense: 1.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 10.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 75643.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 61889.00
  • Operating Expense Percent: 45.00
  • Other Income1: 160.00
  • Other Income Description: Storage + 1 garage for storage
  • Rent Control: Yes
  • Total Actual Rent: 11091.00
  • Total Expenses: 1.00

Tax Info

  • Tax Census Tract: 5769.01
  • Tax Lot: 2
  • Tax Tract Number: .
  • TaxOtherAnnualAssessmentAmount: 1306.00
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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
12/14/2021 12/14/21 Sold $2,000,000 +0.5% $417 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
10/23/2021 10/23/21 For Sale $1,991,000 -- $415 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $28,524 $2,122,415 $848,966 $1,273,449
2024 $27,288 $2,080,800 $832,320 $1,248,480
2023 $26,822 $2,040,000 $816,000 $1,224,000
2022 $25,173 $2,000,000 $800,000 $1,200,000
2021 $5,420 $345,023 $85,894 $259,129
2019 $5,342 $334,792 $83,348 $251,444
2018 $5,151 $328,228 $81,714 $246,514
2016 $4,736 $315,485 $78,542 $236,943
2015 $4,569 $310,747 $77,363 $233,384
2014 $4,583 $304,661 $75,848 $228,813
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21231717

California Regional Multiple Listing Service (CRMLS)
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