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Seller's Agent in 2022
David Harrington
Matthews Real Estate Investment Services
1113 Pacific Avenue presents an opportunity for a purchaser to follow the lead of the current ownership in a value-add apartment complex located in the Willmore District. With significant gross square footage available, rent increases and vacancies can result in a considerable improvement of income, and a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency. The property has been operated as a 4 Unit for 20+ years, although is listed on the assessor as a 5-Unit. Featuring: 4 Units Across 2 Structures; One 6 Bedroom + 2 Bathroom Ground Floor Unit, One 4 Bedroom +1 Bathroom Unit, *One 3 Bedroom + 1 Bathroom House*, One 2 Bedroom + 1 Bathroom Unit; 5,468 Gross Square Feet; Individually Metered For Electricity & Gas - House Pays Own Water; 4 Garage Spaces; LBCO Zoning; 7,447 SF Lot
Last Agent to Sell the Property
David Harrington
Matthews Real Estate Investment Services License #01320460 Listed on: 05/09/2022
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/19/2022 07/19/22 | Sold | $1,400,000 | 0.0% | $256 / Sq Ft |
| 06/08/2022 06/08/22 | Pending | -- | -- | -- |
| 05/09/2022 05/09/22 | For Sale | $1,400,000 | -- | $256 / Sq Ft |
| 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 | $18,922 | $1,456,560 | $884,340 | $572,220 |
| 2024 | $18,922 | $1,428,000 | $867,000 | $561,000 |
| 2023 | $18,605 | $1,400,000 | $850,000 | $550,000 |
| 2022 | $9,023 | $661,909 | $252,478 | $409,431 |
| 2021 | $8,812 | $648,931 | $247,528 | $401,403 |
| 2020 | $8,788 | $642,278 | $244,990 | $397,288 |
| 2019 | $8,687 | $629,686 | $240,187 | $389,499 |
| 2018 | $8,373 | $617,340 | $235,478 | $381,862 |
| 2016 | $7,682 | $593,370 | $226,335 | $367,035 |
| 2015 | $7,387 | $584,458 | $222,936 | $361,522 |
| 2014 | $7,357 | $573,010 | $218,569 | $354,441 |
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Seller's Agent in 2022
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent in 2022
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
(310) 376-4600
1 in this area
27 Total Sales
Source: The MLS
MLS Number: 22-155515
Ask me questions while you tour the home.