NOT LISTED FOR SALE

1050 W 8th St San Pedro, CA 90731

Estimated Value: $839,000 - $921,317

4 Beds
2 Baths
1,500 Sq Ft
$583/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $640,000 $427 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,365/month

111 Days on Market

Highlights

  • Marina
  • No HOA
  • Foothills
  • Midcentury Modern Architecture
  • Laundry Room

About This Home

As of November 2020

Spacious, Well maintained duplex with 2 Bedrooms in each unit. Great San Pedro location 3 1/2 blocks West of Gaffey Street on a quiet residential Tree lined Street. Perfect for owner occupant. 3 single private detached garages. Great first time investment a few blocks from the Los Angeles Harbor San Pedro Public Market Waterfront Development and Seaside Promenade. Priced for immediate sale.

Last Agent to Sell the Property

Fred DiBernardo

Fred DiBernardo License #00573495 Listed on: 06/27/2020

Last Buyer's Agent

Neil Dileva

Keller Williams Realty License #01054412

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,497

Year Built

  • Built in 1952

Lot Details

  • 6,075 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 1,500 Sq Ft Home
  • Midcentury Modern Architecture
  • Property Attached
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Private Sewer
  • Sewer Paid

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / 16
  • Assessor Parcel Number 7458002009

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills

Recreation

  • Marina
  • Water Sports

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Water Sewer Expense $1,500
  • New Taxes Expense $9,112
  • Operating Expense $12,412
  • Gross Income $31,200
  • Net Operating Income $18,788

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,497

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LARD1.5
  • Architectural Style: Mid Century Modern
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7458002009
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 426.67

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Private Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Watersports, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6075.00
  • Lot Size Acres: 0.1395

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6075.0000 Square Feet
  • Net Operating Income: 18788.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 12412.00
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 9112.00
  • Tax Block: 16
  • Tax Census Tract: 2969.02
  • Tax Lot: 12
  • Tax Tract Number: 9999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Nov 6, 2020
Sold by
Albano Michele and The Albano Family Trust
Bought by
Caserma Benito and Caserma Frances
Seller's Agent
Fred DiBernardo
Fred DiBernardo
Buyer's Agent
Neil Dileva
Keller Williams Realty
List Price
$729,000
Sold Price
$640,000
Premium/Discount to List
-$89,000
-12.21%
Current Estimated Value
$875,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,079
Avg. Annual Appreciation
6.63%

Purchase Details

Closed on
Sep 21, 2015
Sold by
Albano Rose and Cigliano Gaetano
Bought by
Albano Family Trust
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
Caserma Benito $640,000 Fidelity National Title
Albano Family Trust -- Accommodation
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold $640,000 -4.3% $427 / Sq Ft
09/23/2020 09/23/20 Price Changed $669,000 -2.9% $446 / Sq Ft
08/03/2020 08/03/20 Price Changed $689,000 -5.5% $459 / Sq Ft
06/27/2020 06/27/20 For Sale $729,000 -- $486 / 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 $8,497 $692,754 $524,978 $167,776
2024 $8,497 $679,172 $514,685 $164,487
2023 $8,335 $665,856 $504,594 $161,262
2022 $7,952 $652,800 $494,700 $158,100
2021 $7,853 $640,000 $485,000 $155,000
2020 $2,675 $195,521 $93,590 $101,931
2019 $2,580 $191,688 $91,755 $99,933
2018 $2,473 $187,930 $89,956 $97,974
2017 $2,420 $184,246 $88,193 $96,053
2016 $2,353 $180,634 $86,464 $94,170
2015 $2,321 $184,726 $88,665 $96,061
2014 $2,338 $181,109 $86,929 $94,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20125390

California Regional Multiple Listing Service (CRMLS)

APN: 7458-002-009