NOT LISTED FOR SALE

1040 W 25th St San Pedro, CA 90731

Estimated Value: $1,226,000 - $1,395,000

8 Beds
4 Baths
3,452 Sq Ft
$383/Sq Ft Est. Value

Last Sold March 18, 2019

Last sale price $920,000 $267 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $8,032/month

21 Days on Market

Highlights

  • Peek-A-Boo Views
  • Living Room
  • Masonry wall
  • Main Floor Bedroom
  • Laundry Room
  • Carpet

About This Home

As of March 2019

Fabulous 4 unit building with 4 separate garages with alley access. Located in great location above Gaffey with easy access to freeways, shopping, schools and parks. Each unit has inside washer & dyer hook ups in the kitchen. Drive by, you will be impressed by lovely front yard with artificial grass for year round beauty

Last Agent to Sell the Property

Phyllis Weitzman

Estate Properties License #00597460 Listed on: 01/24/2019

Estate Properties

Last Buyer's Agent

Sam Sidhu

Rockview Inc. License #01091396

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,570

Year Built

  • Built in 1962

Lot Details

  • 5,000 Sq Ft Lot
  • Two or More Common Walls
  • Masonry wall
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door

Home Design

  • Quadruplex
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,452 Sq Ft Home
  • Blinds
  • Living Room
  • Peek-A-Boo Views

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 21
  • Tax Tract Number 2972
  • Assessor Parcel Number 7566021008

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,207
  • Water Sewer Expense $1,650
  • New Taxes Expense $10,656
  • Operating Expense $19,979
  • Gross Income $50,126
  • Net Operating Income $44,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,570

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1650.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7566021008
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Price Per Square Foot: 266.51
  • Room Type: Living Room, Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Masonry
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage - Single Door, On Site
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 50126.00
  • Gross Scheduled Income: 50126.00
  • Insurance Expense: 2207.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 44600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 5466.00
  • Rent Control: Yes
  • Total Actual Rent: 4321.00
  • Total Expenses: 19979.00

Tax Info

  • New Taxes Expense: 10656.00
  • Tax Lot: 21
  • Tax Tract Number: 2972.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Feb 19, 2019
Sold by
Miller Mark Allen and Miller Cynthia Sue
Bought by
Sidhu Mohan Singh and Sidhu Gurpreet K
Seller's Agent
Phyllis Weitzman
Estate Properties
Buyer's Agent
Sam Sidhu
Rockview Inc.
List Price
$970,000
Sold Price
$920,000
Premium/Discount to List
-$50,000
-5.15%
Current Estimated Value
$1,321,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,244
Avg. Annual Appreciation
5.63%
Original Mortgage
$690,000
Outstanding Balance
$605,397
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$715,848

Purchase Details

Closed on
Nov 23, 2013
Sold by
Miller Milton E and Milton Eugene Miller
Bought by
Trust B and Milton Eugene Miller & Irene Nora Miller

Purchase Details

Closed on
Sep 6, 2012
Sold by
Miller Miltone
Bought by
Miller Milton Eugene and Milton Eugene Miller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2012
Sold by
Miller Milton E
Bought by
Miller Milton Eugene and The Milton Eugene Miller & Ire

Purchase Details

Closed on
Nov 10, 2011
Sold by
Sunjka Vince and Grgas Ljubica
Bought by
Miller Milton E

Purchase Details

Closed on
May 15, 2009
Sold by
Sunjka Vince and Sunjka Family Trust
Bought by
Sunjka Vince and Grgas Ljubica
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
Sidhu Mohan Singh $920,000 Chicago Title Co
Trust B -- None Available
Miller Milton Eugene -- Lsi Title
Miller Milton E -- Lsi Title
Miller Milton Eugene -- None Available
Miller Milton E $600,000 Progressive Title Company
Sunjka Vince -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sidhu Mohan Singh $690,000
Previous Owner Miller Milton E $424,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2019 03/18/19 Sold $920,000 -1.6% $267 / Sq Ft
02/06/2019 02/06/19 Price Changed $935,000 -3.6% $271 / Sq Ft
01/24/2019 01/24/19 For Sale $970,000 -- $281 / 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 $12,570 $1,026,271 $580,066 $446,205
2024 $12,570 $1,006,149 $568,693 $437,456
2023 $12,330 $986,422 $557,543 $428,879
2022 $11,762 $967,081 $546,611 $420,470
2021 $11,607 $948,120 $535,894 $412,226
2019 $10,741 $875,496 $530,604 $344,892
2018 $10,656 $858,330 $520,200 $338,130
2017 $10,426 $841,500 $510,000 $331,500
2016 $7,922 $636,622 $265,259 $371,363
2015 $7,809 $627,060 $261,275 $365,785
2014 $7,856 $614,777 $256,157 $358,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19015263

California Regional Multiple Listing Service (CRMLS)

APN: 7463-009-021