NOT LISTED FOR SALE

1058 W 7th St San Pedro, CA 90731

Estimated Value: $912,000 - $1,111,000

4 Beds
3 Baths
1,836 Sq Ft
$555/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $740,000 $403 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,273/month

153 Days on Market

Highlights

  • Craftsman Architecture
  • Main Floor Bedroom
  • Granite Countertops
  • Wood Flooring
  • Bonus Room
  • Double Oven

About This Home

As of February 2021

This charming San Pedro Duplex has been well maintained and is located in a convenient location! The owners unit has been remodeled over the past several years with new kitchen cabinets, granite counter tops, stainless steal appliances, tile floor, and ceiling fan. Large bathroom has been remodeled with stall shower, separate bathtub, and new tile throughout. Living room hall and bedrooms have refinished hardwood floors. The HUGE bonus room downstairs offers media room with projection and sound system including a bar with beer tap, pool table, and 1/2 bathroom, large laundry area with plenty of 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 or in a home that generates income to make home ownership very inexpensive. Minutes away from shopping, parks, and schools.

Last Agent to Sell the Property

Peter Califano

Califano Realty License #00702659 Listed on: 07/08/2020

Co-Listed By

Tia Deguchi

Califano Realty License #02093911

Last Buyer's Agent

PATRICIA ARIAS

QUALITY HOME REALTY License #01729774

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,174

Year Built

  • Built in 1930

Lot Details

  • 6,294 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Craftsman Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,836 Sq Ft Home
  • 2-Story Property
  • Dry Bar
  • Ceiling Fan
  • Recessed Lighting
  • Decorative Fireplace
  • Double Pane Windows
  • Window Screens
  • Bonus Room
  • Game Room
  • Sump Pump

Kitchen

  • Double Oven
  • Built-In Range
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Floor Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 40 / 1
  • Assessor Parcel Number 7452037023

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $360
  • Water Sewer Expense $900
  • New Taxes Expense $10,200
  • Operating Expense $12,560
  • Net Operating Income $41,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,174

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.88
  • Inclusions: owners washer/dryer, beer tap, pool table, screen projector, outdoor speakers, all ring cameras and doorbell
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 900.00
  • Zoning: LCR3YY
  • Architectural Style: Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7452037023
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Dry Bar, Granite Counters, Recessed Lighting, Sump Pump
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 403.05
  • Room Type: Bonus Room, Game Room, Kitchen, Laundry, Main Floor Bedroom
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Concrete Perimeter, Pillar/Post/Pier
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Double Oven, Disposal, Gas Water Heater, Range Hood
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Level, Sprinklers In Front, Sprinklers Timer, Utilities - Overhead
  • Lot Size Sq Ft: 6294.00
  • Lot Size Acres: 0.1445

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 15.72
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6294.0000 Square Feet
  • Net Operating Income: 41440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 12560.00
  • Rent Control: Yes
  • Total Actual Rent: 1300.00
  • Total Expenses: 12560.00

Tax Info

  • New Taxes Expense: 10200.00
  • Tax Block: 1
  • Tax Census Tract: 6099.00
  • Tax Lot: 40
  • Tax Tract Number: Buenos

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Dec 16, 2020
Sold by
Joseph G Cagliostro Trust
Bought by
Abebe Omomah I
Seller's Agent
Peter Califano
Califano Realty
Buyer's Agent
PATRICIA ARIAS
QUALITY HOME REALTY
List Price
$849,000
Sold Price
$740,000
Premium/Discount to List
-$109,000
-12.84%
Current Estimated Value
$1,019,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,116
Avg. Annual Appreciation
7.09%
Original Mortgage
$740,000
Outstanding Balance
$660,700
Interest Rate
2.6%
Estimated Equity
$358,416

Purchase Details

Closed on
Aug 15, 2017
Sold by
Cagliostro Joseph G
Bought by
Cagliostro Joseph G and Joseph G Cagliostro Trust

Purchase Details

Closed on
Nov 18, 2004
Sold by
Lurie William and Lurie Stacy
Bought by
Cagliostro Joseph G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,600
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2004
Sold by
Tropea Dominic and Willis Tropea Elizabeth
Bought by
Tropea Dominic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2004
Sold by
Stephens Sharon
Bought by
Lurie William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2003
Sold by
Stephens Eddie Daniel
Bought by
Stephens Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2003
Sold by
Jensen Paul D and Jensen Leah J
Bought by
Stephens Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1995
Sold by
Lucin Rosemary
Bought by
Lucin Bob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,400
Interest Rate
8.9%

Purchase Details

Closed on
Feb 15, 1995
Sold by
Lucin Bob
Bought by
Stephens Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,400
Interest Rate
8.9%
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
Abebe Omomah I $740,000 Provident Title
Cagliostro Joseph G -- None Available
Cagliostro Joseph G $542,000 Fatcola
Tropea Dominic -- --
Lurie William $340,000 --
Stephens Sharon -- United Title Company
Stephens Sharon -- United Title Company
Lucin Bob -- Fidelity National Title Ins
Stephens Sharon $172,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abebe Omomah I $740,000
Previous Owner Abebe Omomah I $740,000
Previous Owner Cagliostro Joseph G $433,600
Previous Owner Lurie William $272,000
Previous Owner Stephens Sharon $270,000
Previous Owner Stephens Sharon $270,000
Previous Owner Stephens Sharon $163,400
Closed Cagliostro Joseph G $54,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2021 02/05/21 Sold $740,000 -3.8% $403 / Sq Ft
11/23/2020 11/23/20 Price Changed $769,000 -2.7% $419 / Sq Ft
10/08/2020 10/08/20 Price Changed $790,000 -6.9% $430 / Sq Ft
07/08/2020 07/08/20 For Sale $849,000 -- $462 / 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 $10,174 $800,998 $519,566 $281,432
2024 $10,174 $785,293 $509,379 $275,914
2023 $9,829 $769,896 $499,392 $270,504
2022 $9,304 $754,800 $489,600 $265,200
2021 $9,209 $740,891 $569,187 $171,704
2020 $9,286 $733,295 $563,351 $169,944
2019 $8,917 $718,917 $552,305 $166,612
2018 $8,744 $704,822 $541,476 $163,346
2016 $8,370 $677,454 $520,450 $157,004
2015 $8,239 $667,279 $512,633 $154,646
2014 $8,243 $654,209 $502,592 $151,617
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20132974

California Regional Multiple Listing Service (CRMLS)

APN: 7452-037-023