NOT LISTED FOR SALE

116 N Cabrillo Ave San Pedro, CA 90731

Estimated Value: $628,000 - $718,000

2 Beds
2 Baths
968 Sq Ft
$695/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $515,000 $532 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,219/month

7 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 3-minute walk to Bandini Canyon Park
  • Rudecinda Sepulveda Dodson Middle Rated A-
  • Back Yard

About This Home

As of November 2021

Easy to own bungalow-style duplex located within Holy Trinity, a quiet and historic submarket of San Pedro, featuring two detached 1bed/1bath units with functional layouts, laundry hookups, and a garage for each unit. 120 was recently remodeled, 116 boasts a new kitchen, and new drain pipes were installed in both units in 2019. Each unit has its own backyard, and gas & electricity meters. With close proximity to Downtown San Pedro and the LA Waterfront (less than a mile from the new San Pedro Public Market, Space X Rocket & Spaceship Facility, Alta Sea Labs, Nelson One and other subsequent new developments), this opportunity has immense potential! Units are occupied by long-term tenants. Please DO NOT DISTURB OCCUPANTS.

Last Agent to Sell the Property

Chrystal Tchan

CHRYSTAL TCHAN License #01942504 Listed on: 09/20/2021

Last Buyer's Agent

Benny Almazan

Southland Shamrock Realty License #01055293

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,654

Year Built

  • Built in 1927

Lot Details

  • 3,751 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Rectangular Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Off-Street Parking

Home Design

  • 968 Sq Ft Home
  • Raised Foundation

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 6 / 4
  • Tax Tract Number 14
  • Assessor Parcel Number 7451004013
  • $210 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $785
  • Water Sewer Expense $1,584
  • Operating Expense $2,369
  • Gross Income $27,780
  • Net Operating Income $25,411

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,654

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 254975
  • Property Attached: No
  • Water Sewer Expenses: 1584.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7451004013
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 532.02

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Off Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Rectangular Lot
  • Lot Size Sq Ft: 3751.00
  • Lot Size Acres: 0.0861

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 484 Square Feet
  • Gross Income: 27780.00
  • Gross Scheduled Income: 27780.00
  • Insurance Expense: 785.00
  • Lot Size Area: 3751.0000 Square Feet
  • Net Operating Income: 25411.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2369.00
  • Rent Control: Yes
  • Total Actual Rent: 2315.00
  • Total Expenses: 2369.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 2966.00
  • Tax Lot: 6
  • Tax Tract Number: 14
  • TaxOtherAnnualAssessmentAmount: 210.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2021
Closed on
Oct 24, 2021
Sold by
Fwu Wan Ho
Bought by
Shoats Eve Marie
Seller's Agent
Chrystal Tchan
CHRYSTAL TCHAN
Buyer's Agent
Benny Almazan
Southland Shamrock Realty
List Price
$509,950
Sold Price
$515,000
Premium/Discount to List
$5,050
0.99%
Current Estimated Value
$672,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,486
Avg. Annual Appreciation
7.29%
Original Mortgage
$386,250
Outstanding Balance
$354,141
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$318,345

Purchase Details

Listed on
Jan 30, 2019
Closed on
Mar 1, 2019
Sold by
Griswold Keiko Kokubo and The Griswold Family Trust
Bought by
Fwu Wan Ho
Seller's Agent
Matt Mahowald
Buckingham Investments, Inc
Buyer's Agent
Chrystal Tchan
CHRYSTAL TCHAN
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$180,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2009
Sold by
Griswold Keiko Kokubo and The Earl William & Keiko Kokub
Bought by
Griswold Keiko Kokubo and The Griswold Family Trust

Purchase Details

Closed on
Apr 12, 2002
Sold by
Griswold E W and Griswold Family Trust
Bought by
Griswold Earl William and Griswold Keiko Kokubo
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
Shoats Eve Marie $515,000 Orange Coast Ttl Of Los Ange
Fwu Wan Ho $425,000 Orange Coast Title Company
Griswold Keiko Kokubo -- None Available
Griswold Keiko Kokubo -- None Available
Griswold Earl William -- --
Griswold Earl William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shoats Eve Marie $386,250
Previous Owner Fwu Wan Ho $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $515,000 +1.0% $532 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $509,950 +20.0% $527 / Sq Ft
04/05/2019 04/05/19 Sold $425,000 0.0% $439 / Sq Ft
01/30/2019 01/30/19 For Sale $425,000 -- $439 / 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 $6,654 $546,521 $424,483 $122,038
2024 $6,654 $535,806 $416,160 $119,646
2023 $6,526 $525,300 $408,000 $117,300
2022 $6,223 $515,000 $400,000 $115,000
2021 $5,360 $437,990 $412,226 $25,764
2020 $5,413 $433,500 $408,000 $25,500
2019 $2,319 $179,551 $121,038 $58,513
2018 $2,274 $176,031 $118,665 $57,366
2016 $2,166 $169,198 $114,058 $55,140
2015 $2,137 $166,657 $112,345 $54,312
2014 $2,156 $163,394 $110,145 $53,249
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21206259

California Regional Multiple Listing Service (CRMLS)

APN: 7451-004-013