NOT LISTED FOR SALE

1035 W 23rd St San Pedro, CA 90731

Estimated Value: $1,542,000 - $1,832,000

8 Beds
5 Baths
4,381 Sq Ft
$385/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $1,715,000 $391 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $10,941/month

33 Days on Market

Highlights

  • Coastline Views
  • Wood Flooring
  • Balcony
  • Traditional Architecture
  • No HOA
  • 5-minute walk to Alma Park

About This Home

As of April 2022

A rare opportunity! This four unit building was constructed in 1979, and is not subject to the City of LA RSO (Rent Stabilization Ordinance) Three of the four units are currently not occupied. Pick your own tenants and set your own rents (Seller has estimated what current market rental rates are). One of the two bedroom units is currently owner occupied, and the owner wants to rent back at market value for up to six months. The large three bedroom is ideal for an owner occupant and features forced air heating. All but the one bedroom have balconies, the upstairs units have some harbor and city light views. All four units have inside laundry areas. There is a total of seven parking spaces including two good sized garages. Located in a great rental area and less than one mile to the ocean bluffs.

Last Agent to Sell the Property

Gordon Teuber

Estate Properties License #00700412 Listed on: 02/16/2022

Estate Properties

Co-Listed By

Danny Batakovic

Cabrillo Mortgage & Realty Service License #01192046

Last Buyer's Agent

Nicolas Vasily

Dilbeck Real Estate License #02002885

Dilbeck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,957

Year Built

  • Built in 1979

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 40 x 125
  • 1 Common Wall
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Off-Street Parking

Property Views

  • Coastline
  • Bay
  • Views of Vincent Thomas Bridge
  • City Lights
  • Peek-A-Boo
  • Mountain

Home Design

  • Traditional Architecture
  • Quadruplex
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Interior Block Wall
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 4,381 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Sliding Doors

Kitchen

  • Free-Standing Range
  • Range Hood
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 10 / 35
  • Tax Tract Number 10
  • Assessor Parcel Number 7463008010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,565
  • Water Sewer Expense $3,600
  • Operating Expense $6,365
  • Gross Income $108,000
  • Net Operating Income $77,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,957

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.60
  • Improvements Percent: 65.00
  • Price Per Unit: 422500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7463008010
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Block Walls, Copper Plumbing Full, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 391.46
  • Room Type: Kitchen, Master Bathroom
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • View: Bay, City Lights, Coastline, Mountain(s), Peek-A-Boo, Vincent Thomas Bridge
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Side, Off Street
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Range Hood
  • Electric: Standard
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Closet, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 35.00
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 40 X 125
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148
  • Latitude Manual: 33.72321300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 780 Square Feet
  • Average2 Bed Area: 1050 Square Feet
  • Average3 Bed Area: 1500 Square Feet
  • Gross Income: 108000.00
  • Gross Multiplier: 15.60
  • Gross Operating Income: 103600.00
  • Gross Scheduled Income: 108000.00
  • Gross Spendable Income: 108000.00
  • Insurance Expense: 1565.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 77700.00
  • 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: 25900.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Expenses: 6365.00
  • Vacancy Allowance: 5400
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: 35
  • Tax Lot: 10
  • Tax Tract Number: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Mar 28, 2022
Sold by
Zoran Mihailovic
Bought by
Nenadic Michael and Nenadic Diana Nicole
Seller's Agent
Gordon Teuber
Estate Properties
Buyer's Agent
Nicolas Vasily
Dilbeck Real Estate
List Price
$1,690,000
Sold Price
$1,715,000
Premium/Discount to List
$25,000
1.48%
Current Estimated Value
$1,685,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,801
Avg. Annual Appreciation
1.53%
Original Mortgage
$260,000
Outstanding Balance
$245,058
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$1,560,623

Purchase Details

Closed on
Dec 9, 2014
Sold by
Mihailovic Dejan and Mihailovic Miroslav
Bought by
Mihailovic Dejan and Dunlap Biljana

Purchase Details

Closed on
Aug 9, 2012
Sold by
Mihailovic Zoran
Bought by
Mihailovic Dejan and Mihailovic Miroslav

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2012
Sold by
Mihailovic Zoran and Mihailovic Dejan
Bought by
Mihailovic Zoran and Mihailovic Dejan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2012
Sold by
Mihailovic Zoran and Mihailovic Dejan
Bought by
Mihailovic Zoran and Mihailovic Dejan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2010
Sold by
Mihailovic Miroslava
Bought by
Mihailovic Zoran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2000
Sold by
Mihailovic Zoran
Bought by
Mihailovic Zoran and Mihailovic Dejan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
8.37%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nenadic Michael $1,715,000 Stewart Title Of California In
Mihailovic Zoran -- Stewart Title Of California In
Mihailovic Dejan -- None Available
Mihailovic Dejan -- None Available
Mihailovic Dejan -- None Available
Mihailovic Zoran -- Lawyers Title Sd
Mihailovic Zoran -- Lawyers Title Sd
Mihailovic Zoran -- Corinthian Title Company
Mihailovic Zoran -- South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nenadic Michael $260,000
Previous Owner Mihailovic Zoran $398,000
Previous Owner Mihailovic Zoran $398,000
Previous Owner Mihailovic Zoran $390,000
Previous Owner Mihailovic Zoran $60,000
Previous Owner Mihailovic Zoran $356,500
Previous Owner Mihailovic Zoran $356,000
Previous Owner Mihailovic Zoran $355,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2022 04/22/22 Sold $1,715,000 +1.5% $391 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $1,690,000 -- $386 / 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 $21,957 $1,819,970 $912,638 $907,332
2024 $21,957 $1,784,286 $894,744 $889,542
2023 $21,532 $1,749,300 $877,200 $872,100
2022 $8,588 $690,348 $327,602 $362,746
2021 $8,463 $676,813 $321,179 $355,634
2019 $8,215 $656,740 $311,653 $345,087
2018 $8,102 $643,864 $305,543 $338,321
2017 $0 $631,240 $299,552 $331,688
2016 $7,707 $618,864 $293,679 $325,185
2015 $7,165 $573,267 $250,110 $323,157
2014 $7,210 $562,038 $245,211 $316,827
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22029764

California Regional Multiple Listing Service (CRMLS)

APN: 7463-008-010