NOT LISTED FOR SALE

1128 S Mesa St San Pedro, CA 90731

Estimated Value: $771,000 - $960,000

4 Beds
3 Baths
1,998 Sq Ft
$434/Sq Ft Est. Value

Last Sold December 14, 2015

Last sale price $515,000 $258 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,184/month

25 Days on Market

Highlights

  • Corner Lot
  • San Pedro Senior High School Rated A-
  • 3-minute walk to Anderson Memorial Playground

About This Home

As of December 2015

1128-1132 S.Mesa St. is a savvy opportunity for investors to purchase a fully occupied triplex in San Pedro with corner location and curb appeal. Market rate rents and pride of ownership property combine to make this upgraded property an outstanding addition to income producing portfolios. Recent upgrades include a remodeled bath and roof replacement on one-bedroom units. 2-bedroom, 1-bath unit has laundry area, 1-bedroom, 1-bath units have on site laundry facilities.

Last Agent to Sell the Property

Josh Toering

Thomas F Wilhelm, Broker License #01296388 Listed on: 10/16/2015

Co-Listed By

Norma Toering

Charlemagne Int'l Properties License #01147470

Last Buyer's Agent

Christine Almarines

Caliber Real Estate Group License #01412944

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 5,029 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,998 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 24 / 35
  • Assessor Parcel Number 7456006024

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $6,499
  • Gross Income $3,100
  • Net Operating Income $37,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

5,029 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7456006024
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 257.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5029.00
  • Price Per Lot Square Foot: 102.41
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3100.00
  • Gross Scheduled Income: 37200.00
  • Lot Size Area: 5029.0000 Square Feet
  • Net Operating Income: 37200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6499.00
  • Tax Block: 35
  • Tax Lot: 24
  • Tax Tract Number: 9999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2015
Closed on
Nov 16, 2015
Sold by
Vander Zalm Marcellinus H and Coleman Carina E
Bought by
Miramontes Manuel J and Mora Lizette
Seller's Agent
Josh Toering
Thomas F Wilhelm, Broker
Buyer's Agent
Christine Almarines
Caliber Real Estate Group
List Price
$519,900
Sold Price
$515,000
Premium/Discount to List
-$4,900
-0.94%
Current Estimated Value
$866,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,687
Avg. Annual Appreciation
5.19%
Original Mortgage
$386,250
Outstanding Balance
$302,976
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$563,711

Purchase Details

Closed on
Mar 11, 2009
Sold by
Reyna Manuel G and Padilla Virginia
Bought by
Vander Zalm Marcellinus H and Coleman Carina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,750
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2000
Sold by
Camello Jason G and Camello Gennaro S
Bought by
Reyna Manuel G and Padilla Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.96%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Miramontes Manuel J $515,000 Progressive
Vander Zalm Marcellinus H $378,500 Progressive Title Company
Reyna Manuel G $215,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miramontes Manuel J $386,250
Previous Owner Vander Zalm Marcellinus H $283,750
Previous Owner Reyna Manuel G $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2015 12/14/15 Sold $515,000 -0.9% $258 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
10/16/2015 10/16/15 For Sale $519,900 -- $260 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,499 $609,647 $243,858 $365,789
2024 $7,499 $597,694 $239,077 $358,617
2023 $7,357 $585,976 $234,390 $351,586
2022 $7,018 $574,488 $229,795 $344,693
2021 $6,926 $563,225 $225,290 $337,935
2020 $6,993 $557,450 $222,980 $334,470
2019 $6,721 $546,520 $218,608 $327,912
2018 $6,646 $535,805 $214,322 $321,483
2016 $6,342 $515,000 $206,000 $309,000
2015 $5,038 $405,552 $298,406 $107,146
2014 $5,044 $397,609 $292,561 $105,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15227585

California Regional Multiple Listing Service (CRMLS)

APN: 7456-006-024

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