NOT LISTED FOR SALE

1081 W 12th St San Pedro, CA 90731

Estimated Value: $1,226,000 - $1,308,122

6 Beds
3 Baths
3,580 Sq Ft
$353/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $790,000 $221 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,690/month

41 Days on Market

About This Home

As of September 2016

CLASSIC ART DECO STYLE 1940'S TRIPLEX. ALL UNITS ARE EXTRA LARGE. 2 UNITS HAVE FIREPLACES. ALL UNITS ARE IN TOP CONDITION. NEARLY 1200 SQUARE FEET EACH. PROPERTY IS IN EXCELLENT CONDITION WITH NEWER PLASTER AND ALUIMINUM ROLL UP GARAGE DOORS. PRIME CORNER LOCATION IN VISTA DEL ORO THE BEST RENTAL LOCATION IN SAN PEDRO. PERFECT PROPERTY FOR OWNER OCCUPANCY.

Last Agent to Sell the Property

Fred DiBernardo

Fred DiBernardo License #00573495 Listed on: 03/22/2016

Last Buyer's Agent

Mark DiBernardo

DiBernardo Realty License #01021009

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,402

Year Built

  • Built in 1941

Lot Details

  • 6,742 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 3,580 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7458017007

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $2,400
  • New Taxes Expense $11,238
  • Gross Income $3,975
  • Net Operating Income $32,262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,402

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 7458017007
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 220.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Floor Furnace
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 6742.00
  • Price Per Lot Square Foot: 117.18

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1200
  • Gross Income: 3975.00
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 32262.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 15138.00
  • Rent Control: Yes
  • Total Actual Rent: 3975.00

Tax Info

  • New Taxes Expense: 11238.00
  • Tax Lot: 9999
  • Tax Tract Number: 99999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2016
Closed on
Aug 18, 2016
Sold by
Drago Giacomino
Bought by
Rackemann Jason and Stewart Rackemann Tracy
Seller's Agent
Fred DiBernardo
Fred DiBernardo
Buyer's Agent
Mark DiBernardo
DiBernardo Realty
List Price
$899,000
Sold Price
$790,000
Premium/Discount to List
-$109,000
-12.12%
Current Estimated Value
$1,265,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,031
Avg. Annual Appreciation
5.76%
Original Mortgage
$590,250
Outstanding Balance
$473,496
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$835,527

Purchase Details

Closed on
Apr 11, 2012
Sold by
Pavlakovich Naida T
Bought by
Pavlakovich Naida T and Pavlakovich Survivors Trust

Purchase Details

Closed on
Dec 7, 2011
Sold by
Drago Alessandra
Bought by
Drago Giacomino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2005
Sold by
Saade Alessandra
Bought by
Drago Giacomino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2003
Sold by
Dibennardo Salvatore
Bought by
Dibennardo Salvatore and Drago Giacomino

Purchase Details

Closed on
Apr 9, 2003
Sold by
Harper Michael T
Bought by
Dibennardo Salvatore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2001
Sold by
Harper Michael T
Bought by
Harper Michael T and Harper Rene Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.62%

Purchase Details

Closed on
Jan 12, 1999
Sold by
Harper Michael T
Bought by
Harper Michael T and Harper Rene Jacqueline

Purchase Details

Closed on
Sep 24, 1998
Sold by
Phillips Kathy
Bought by
Harper Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.88%

Purchase Details

Closed on
Apr 1, 1998
Sold by
Harper Michael T
Bought by
Harper Michael T and Phillips Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.97%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Phillips Kathy
Bought by
Harper Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.97%

Purchase Details

Closed on
May 8, 1997
Sold by
Pavlakovich Vladimir Co Tr
Bought by
Phillips Kathy and Harper Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.08%
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
Rackemann Jason $790,000 Fidelity National Title
Pavlakovich Naida T -- None Available
Drago Giacomino -- Lawyers Title
Dibennardo Salvatore -- Lawyers Title
Drago Giacomino -- Lawyers Title Company
Dibennardo Salvatore -- --
Dibennardo Salvatore $535,000 First American Title Co
Harper Michael T -- Provident Title Company
Harper Michael T -- First American
Harper Michael T -- --
Harper Michael T -- --
Harper Michael T -- First American
Phillips Kathy $270,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rackemann Jason $590,250
Previous Owner Dibennardo Salvatore $382,500
Previous Owner Drago Giacomino $485,000
Previous Owner Dibennardo Salvatore $428,000
Previous Owner Harper Michael T $211,500
Previous Owner Harper Michael T $220,000
Previous Owner Harper Michael T $215,000
Previous Owner Phillips Kathy $216,000
Closed Dibennardo Salvatore $53,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2016 09/09/16 Sold $790,000 -12.1% $221 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $899,000 -- $251 / 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 $11,402 $916,856 $510,655 $406,201
2024 $11,402 $898,880 $500,643 $398,237
2023 $11,187 $881,256 $490,827 $390,429
2022 $10,679 $863,977 $481,203 $382,774
2021 $10,537 $847,037 $471,768 $375,269
2019 $10,229 $821,916 $457,776 $364,140
2018 $10,121 $805,800 $448,800 $357,000
2016 $8,155 $648,542 $312,755 $335,787
2015 $8,040 $638,802 $308,058 $330,744
2014 $8,081 $626,290 $302,024 $324,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16061455

California Regional Multiple Listing Service (CRMLS)

APN: 7458-017-007