NOT LISTED FOR SALE

103 N Mesa St San Pedro, CA 90731

Estimated Value: $947,453 - $1,226,000

3 Beds
2 Baths
2,465 Sq Ft
$440/Sq Ft Est. Value

Last Sold February 10, 2021

Last sale price $810,000 $329 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,590/month

59 Days on Market

Highlights

  • Harbor Views
  • Laundry Room
  • Heating System Uses Natural Gas
  • Private Yard

About This Home

As of February 2021

Excellent opportunity to own a charming San Pedro 4-unit property. This large 8,053 Sq. Ft. lot could be a candidate to build an ADU. The property has been well maintained and is in a convenient location! The HUGE bonus basement downstairs offers a chance for storage space. This downstairs area has tons of space to make it whatever you want for yourself, the options are endless! This property is an excellent opportunity for anyone looking to invest in real estate and in a property that generates income with potential to make more. Minutes away from shopping, parks, and schools and located steps to the San Pedro Historic Waterfront Property redevelopment project.

Last Agent to Sell the Property

George Bustamante

Coldwell Banker Commercial License #01484265 Listed on: 11/09/2020

Coldwell Banker Commercial

Co-Listed By

Christa Vessell

Coldwell Banker Commercial License #02058824

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,950

Year Built

  • Built in 1921

Lot Details

  • 8,053 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Harbor Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 1
  • Tax Tract Number 7449
  • Assessor Parcel Number 7449022014

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $15,815
  • Gross Income $50,112
  • Net Operating Income $32,974

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,950

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7449022014
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two

Exterior Features

  • View: Harbor
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet, Yard
  • Lot Size Sq Ft: 8053.00
  • Lot Size Acres: 0.1849

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 50112.00
  • Gross Scheduled Income: 50112.00
  • Lot Size Area: 8053.0000 Square Feet
  • Net Operating Income: 32974.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15815.00
  • Rent Control: Yes
  • Total Expenses: 15815.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 2962.20
  • Tax Lot: 3
  • Tax Tract Number: 7449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2017
Sold by
Moore Bryan
Bought by
Moore Bryan and Moore Stephanie
Current Estimated Value
$1,084,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Outstanding Balance
$319,470
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$765,143

Purchase Details

Listed on
Aug 2, 2016
Closed on
Sep 7, 2016
Sold by
Moore Stephanie L
Bought by
Moore Bryan
Seller's Agent
Steve Roberts
First Team Real Estate
Buyer's Agent
Mark Ehlers
Imperial Real Estate
List Price
$385,000
Sold Price
$435,000
Premium/Discount to List
$50,000
12.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%
Original Mortgage
$418,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 2, 2016
Closed on
Aug 8, 2016
Sold by
Ingram Diane S
Bought by
Moore Bryan
Seller's Agent
Steve Roberts
First Team Real Estate
Buyer's Agent
Mark Ehlers
Imperial Real Estate
List Price
$385,000
Sold Price
$435,000
Premium/Discount to List
$50,000
12.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 2015
Sold by
Starkey Ronald C
Bought by
Starkey Ronald C and Ronald C Starkey 2015 Trust

Purchase Details

Closed on
Apr 1, 1994
Sold by
Anthony Gregory Jon and Anthony Christina Marie
Bought by
Starkey Ronald C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.38%
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
Moore Bryan -- Dar Title Company
Moore Bryan -- Western Resources Title
Moore Bryan $435,000 Western Resources Title
Starkey Ronald C -- None Available
Starkey Ronald C $19,500 Guardian Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Bryan $385,000
Closed Moore Bryan $418,000
Closed Moore Bryan $418,000
Previous Owner Starkey Ronald C $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2021 02/10/21 Sold $810,000 -4.6% $329 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
12/09/2020 12/09/20 Price Changed $849,000 -3.4% $344 / Sq Ft
11/27/2020 11/27/20 Price Changed $879,000 -5.4% $357 / Sq Ft
11/09/2020 11/09/20 For Sale $929,000 +113.6% $377 / Sq Ft
09/12/2016 09/12/16 Sold $435,000 +13.0% $176 / Sq Ft View Prior Sale
08/02/2016 08/02/16 For Sale $385,000 -11.5% $156 / Sq Ft
07/29/2016 07/29/16 Off Market $435,000 -- --
07/20/2016 07/20/16 For Sale $385,000 -- $156 / 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 $10,950 $876,768 $568,276 $308,492
2024 $10,770 $859,578 $557,134 $302,444
2023 $10,565 $842,724 $546,210 $296,514
2022 $10,080 $826,200 $535,500 $290,700
2021 $5,913 $466,405 $251,966 $214,439
2020 $5,968 $461,624 $249,383 $212,241
2019 $5,743 $452,574 $244,494 $208,080
2018 $5,648 $443,700 $239,700 $204,000
2016 $3,038 $229,703 $183,773 $45,930
2015 $2,997 $226,254 $181,013 $45,241
2014 $2,980 $221,823 $177,468 $44,355
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20235244

California Regional Multiple Listing Service (CRMLS)

APN: 7449-022-014