NOT LISTED FOR SALE

1016 S Gaffey St San Pedro, CA 90731

Estimated Value: $1,298,962

2 Beds
2 Baths
2,887 Sq Ft
$450/Sq Ft Est. Value

Last Sold August 16, 2013

Last sale price $630,000 $218 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $7,618/month

25 Days on Market

Highlights

  • Fireplace in Bathroom
  • No HOA
  • Floor Furnace
  • Mediterranean Architecture
  • Laundry Room

About This Home

As of August 2013

Gated income property is a mixed use commercial building downstairs, and two large residential one bedroom apartments and a laundry room upstairs.
Built in 2009 all windows are double pane with no noise upstairs both bedrooms face the back of the property. The Retail space has good exposure on Gaffey across the street from Baskin Robins and Taco Bell near the 99cent store and Vons always rented no maintenance for several years to come and min expenses to operate this property needs virtually no management it also offers 5 gated parking spaces
Both Apartments are tile floors and all recess lighting with hard wire smog detector throughout the building.One sprinkler system for the trash area.
This a great owner user or investment property

Last Agent to Sell the Property

Jill Medawar

Jill Medawar License #01903781 Listed on: 07/22/2013

Last Buyer's Agent

Jill Medawar

Jill Medawar License #01903781 Listed on: 07/22/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,828

Year Built

  • Built in 2009

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Automatic Gate

Home Design

  • 2,887 Sq Ft Home
  • Mediterranean Architecture
  • Property Attached
  • Clay Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • Six Burner Stove
  • Laundry Room
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7454013002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $50
  • Insurance Expense $100
  • Trash Expense $40
  • New Taxes Expense $5,000
  • Gross Income $4,100
  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,828

Year Built

Built in 2009

Lot Details

0

Parking

5

Listing Details

  • CapRate: 6.50
  • Other Phone Description: 310-951-7243
  • Property Attached: Yes
  • Security: Automatic Gate
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Parcel Number: 7454013002
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Bath
  • Levels: Two
  • Price Per Square Foot: 218.22
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Roof: Clay

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area
  • Trash Expense: 40.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1150

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 800
  • Electric Expense: 50.00
  • Gross Income: 4100.00
  • Gross Scheduled Income: 50000.00
  • Insurance Expense: 100.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 42600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 7400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2013
Closed on
Aug 2, 2013
Sold by
Medawar Cherine and Medawar Jill
Bought by
Xu Yan and Xu Jiabin
Seller's Agent
Jill Medawar
Jill Medawar
Buyer's Agent
Jill Medawar
Jill Medawar
List Price
$649,000
Sold Price
$630,000
Premium/Discount to List
-$19,000
-2.93%
Current Estimated Value
$1,298,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,962
Avg. Annual Appreciation
6.11%

Purchase Details

Closed on
Aug 28, 2007
Sold by
Spinoso Carmela and The Spinoso Revocable Trust
Bought by
Medawar Cherine and Medawar Jill E
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Xu Yan $630,000 Chicago Title
Medawar Cherine -- Fidelity National Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2013 08/16/13 Sold $630,000 -2.9% $218 / Sq Ft
08/16/2013 08/16/13 Pending -- -- --
07/22/2013 07/22/13 For Sale $649,000 -- $225 / 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 $9,828 $795,815 $306,461 $489,354
2024 $9,828 $780,211 $300,452 $479,759
2023 $9,642 $764,913 $294,561 $470,352
2022 $9,201 $749,916 $288,786 $461,130
2021 $9,081 $735,213 $283,124 $452,089
2019 $8,566 $692,313 $274,727 $417,586
2018 $8,455 $678,740 $269,341 $409,399
2016 $8,070 $652,385 $258,883 $393,502
2015 $7,954 $642,587 $254,995 $387,592
2014 $7,948 $630,000 $250,000 $380,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jill Medawar

    Jill Medawar

    (310) 951-7243

    6 Total Sales

    Jill Medawar
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13146764

California Regional Multiple Listing Service (CRMLS)

APN: 7454-013-002

California Los Angeles County San Pedro 90731

1016 S Gaffey St, San Pedro, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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