NOT LISTED FOR SALE

1029 W Santa Cruz St San Pedro, CA 90731

Estimated Value: $864,000 - $1,165,000

4 Beds
3 Baths
1,852 Sq Ft
$539/Sq Ft Est. Value

Last Sold March 15, 2017

Last sale price $612,000 $330 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,993/month

145 Days on Market

Highlights

  • Bungalow
  • Tile Flooring
  • Forced Air Heating and Cooling System
  • Rudecinda Sepulveda Dodson Middle Rated A-
  • 1-Story Property

About This Home

As of March 2017

Awesome investment opportunity for an investor or owner occupied in walking distance to great parks, restaurants, schools and so much more! In the very nice Holy Trinity neighborhood of San Pedro this is the type of neighborhood people move in and never move out. That means great for a small family to occupy the front 2 bed home and own a turnkey investment property. All units are each in very good condition with tenant pride. This great income property is a triplex with 3 Separate houses and a garage; the front unit has 2 bedrooms & 1 bath, the two rear units each have 1 bedroom & 1 bath, and the extra long driveway with parking area provide plenty of off-street parking! Newer roof, copper plumbing and newer electric make these units a terrific turnkey rental property for investors looking an income property with easy tenants and great rents. Don't miss this opportunity, it won't last long! VERY IMPORTANT: Property sold with tenants in place.

Last Agent to Sell the Property

Shane Dailey

Cal Mutual Inc License #01484412 Listed on: 09/18/2016

Co-Listed By

Sadat Dottie Kham

Cal Mutual Inc License #01820742

Last Buyer's Agent

Matt Lee

Lilly Enterprises, Inc. License #01881080

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,688

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,072 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Bungalow
  • Stucco

Interior Spaces

  • 1,852 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Sewer in Street

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 7452-012-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,688

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1852
  • Property Condition: Updated/Remodeled
  • Year Built: 1923
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Number Disposal: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Flooring: Carpet, Laminate, Linoleum, Tile
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Kitchen
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 339.90

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Number Patio: 3
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Other Spaces: 2
  • Number Rented Garages: 1
  • Parking Garage: Assigned, Driveway
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central, Wall/Window
  • Heating: Forced Air
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 0
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 246091
  • Assessed Land Value: 470994
  • Assessor Parcel Number: 7452-012-016
  • Geocode Override: No
  • Lot Size Area: 6072

Rental Info

  • Number Leased: 3
  • Lease Per Month Year: Full Term
  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 3
  • Number Wall A C: 1
  • Rent Control: 100
  • Total Annual Expense: 8700
  • Type Of Units: separate
  • Vacancy Rate: 0

Tax Info

  • Tax Percent: 1.25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2018
Sold by
Lam George K and Lam Irene W
Bought by
Lam George Kwan Tin and Lam Irene Wai Yee
Current Estimated Value
$997,708

Purchase Details

Listed on
Sep 18, 2016
Closed on
Feb 13, 2017
Sold by
Sumner William and Sumner Christal
Bought by
Lam Irene W and Lam George K
Seller's Agent
Shane Dailey
Cal Mutual Inc
Buyer's Agent
Matt Lee
Lilly Enterprises, Inc.
List Price
$645,000
Sold Price
$612,000
Premium/Discount to List
-$33,000
-5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$217,000
Outstanding Balance
$180,478
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$757,365

Purchase Details

Closed on
Nov 18, 2004
Sold by
Botero Anna C
Bought by
Sumner William and Sumner Christal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2003
Sold by
Johnson Michael T and Ralph J & Kathryn M Johnson Re
Bought by
Botero Anna C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
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
Lam George Kwan Tin -- None Available
Lam Irene W $612,000 Ticor Title Co
Sumner William $609,000 First American Title Co
Botero Anna C $415,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Irene W $217,000
Previous Owner Sumner William $408,000
Previous Owner Sumner William $427,000
Previous Owner Sumner William $456,000
Previous Owner Botero Anna C $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2017 03/15/17 Sold $612,000 -2.8% $330 / Sq Ft
01/07/2017 01/07/17 Price Changed $629,500 -1.6% $340 / Sq Ft
10/11/2016 10/11/16 Price Changed $639,500 -0.9% $345 / Sq Ft
09/18/2016 09/18/16 For Sale $645,000 -- $348 / Sq Ft
Source: The MLS

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 $8,688 $710,273 $464,232 $246,041
2024 $8,688 $696,347 $455,130 $241,217
2023 $8,522 $682,694 $446,206 $236,488
2022 $8,129 $669,308 $437,457 $231,851
2021 $8,025 $656,185 $428,880 $227,305
2020 $8,105 $649,458 $424,483 $224,975
2019 $7,788 $636,724 $416,160 $220,564
2018 $7,710 $624,240 $408,000 $216,240
2016 $8,759 $717,085 $470,994 $246,091
2015 $8,632 $706,315 $463,920 $242,395
2014 $8,674 $692,480 $454,833 $237,647
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-163628

The MLS

APN: 7452-012-016