NOT LISTED FOR SALE

1173 W 22nd St San Pedro, CA 90731

Estimated Value: $987,000 - $1,140,000

5 Beds
3 Baths
2,220 Sq Ft
$481/Sq Ft Est. Value

Last Sold September 19, 2018

Last sale price $710,000 $320 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,650/month

114 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of September 2018

Back on the Market: 3-Plex in the best area of San Pedro. West of Gaffy on 22nd, Upper Vista del Oro section of San Pedro. Frontal unit is: 2 bed/1 bath, Middle Unit is 2 Bed/1 Bath and the last unit (on top of the Garages) is 1 Bed/1 Bath. Inside laundry.

Last Agent to Sell the Property

Mona and Yaxkin Bottros

Reaz Realty License #01472751 Listed on: 04/09/2018

Co-Listed By

Rony Velasquez

Reaz Realty License #01426614

Last Buyer's Agent

Fred DiBernardo

Fred DiBernardo License #00573495

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,675

Year Built

  • Built in 1959

Lot Details

  • 5,400 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot

Parking

  • 3 Car Garage

Home Design

  • 2,220 Sq Ft Home
  • Split Level Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 2972
  • Assessor Parcel Number 7460030004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $780
  • Fuel Expense $660
  • Insurance Expense $2,555
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $9,125
  • Operating Expense $14,919
  • Gross Income $54,396
  • Net Operating Income $39,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,675

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 5.40
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7460030004
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Multi/Split
  • Price Per Square Foot: 319.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 5400.00

Multi Family

  • Electric Expense: 780.00
  • Fuel Expense: 660.00
  • Gross Income: 54396.00
  • Gross Multiplier: 13.00
  • Gross Operating Income: 54396.00
  • Gross Scheduled Income: 55260.00
  • Insurance Expense: 2555.00
  • Net Operating Income: 39476.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14919.00
  • Rent Control: Yes
  • Total Actual Rent: 4605.00
  • Total Expenses: 14919.00
  • Vacancy Allowance: 863

Tax Info

  • New Taxes Expense: 9125.00
  • Tax Census Tract: 2972.02
  • Tax Lot: 4
  • Tax Tract Number: 2972.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2018
Closed on
Sep 25, 2018
Sold by
Mavar Nolon Anthony and Thenolon Anthony Mavar Trust
Bought by
Mavar Nolon Anthony and Thenolon Anthony Mavar Trust
Seller's Agent
Mona and Yaxkin Bottros
Reaz Realty
Buyer's Agent
Fred DiBernardo
Fred DiBernardo
List Price
$729,000
Sold Price
$710,000
Premium/Discount to List
-$19,000
-2.61%
Current Estimated Value
$1,067,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,363
Avg. Annual Appreciation
6.09%
Original Mortgage
$506,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2018
Closed on
Aug 6, 2018
Sold by
Simac John and The Mary Simac Living Trust
Bought by
Navar Nolan Anthony and Nolan Anthony Navar Crust Trus
Seller's Agent
Mona and Yaxkin Bottros
Reaz Realty
Buyer's Agent
Fred DiBernardo
Fred DiBernardo
List Price
$729,000
Sold Price
$710,000
Premium/Discount to List
-$19,000
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2008
Sold by
Simac John
Bought by
Simac John and Mary Simac Living Trust

Purchase Details

Closed on
Jul 6, 2007
Sold by
Simac John and The Mary Simac Living Trust
Bought by
Simac John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
10%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2005
Sold by
Simac John F
Bought by
Simac John and Mary Simac Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
5.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2003
Sold by
Simac John F
Bought by
Simac John and Mary Simac Living Trust

Purchase Details

Closed on
Jan 30, 2003
Sold by
Simac John F and Mary Simac Living Trust
Bought by
Simac John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
5.83%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Simac John F
Bought by
Simac John and Mary Simac Living Trust

Purchase Details

Closed on
Apr 10, 2002
Sold by
Simac John and Mary Simac Living Trust
Bought by
Simac John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
6.87%
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
Mavar Nolon Anthony -- Accommodation
Navar Nolan Anthony $710,000 Orange Coast Title Company
Simac John -- None Available
Simac John -- Fidelity National Title Co
Simac John -- --
Simac John F -- American Coast Title Company
Simac John -- --
Simac John F -- Stewart Title Company
Simac John -- --
Simac John F -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mavar Nolon Anthony $505,000
Closed Navar Nolan Anthony $506,000
Previous Owner Simac John $63,869
Previous Owner Simac John $435,000
Previous Owner Simac John F $234,500
Previous Owner Simac John F $177,000
Previous Owner Simac John F $137,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2018 09/19/18 Sold $710,000 -2.6% $320 / Sq Ft
08/03/2018 08/03/18 For Sale $729,000 0.0% $328 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/17/2018 07/17/18 Price Changed $729,000 -2.8% $328 / Sq Ft
07/03/2018 07/03/18 For Sale $749,900 0.0% $338 / Sq Ft
06/05/2018 06/05/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $749,900 +5.6% $338 / Sq Ft
04/20/2018 04/20/18 Off Market $710,000 -- --
04/10/2018 04/10/18 Price Changed $749,900 +2.7% $338 / Sq Ft
04/09/2018 04/09/18 For Sale $729,999 -- $329 / 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 $9,675 $792,012 $513,136 $278,876
2024 $9,675 $776,483 $503,075 $273,408
2023 $9,490 $761,259 $493,211 $268,048
2022 $9,051 $746,334 $483,541 $262,793
2021 $8,935 $731,701 $474,060 $257,641
2020 $9,023 $724,200 $469,200 $255,000
2019 $8,670 $710,000 $460,000 $250,000
2018 $1,156 $82,258 $31,001 $51,257
2017 $1,131 $80,646 $30,394 $50,252
2016 $1,078 $79,066 $29,799 $49,267
2015 $1,064 $77,879 $29,352 $48,527
2014 $1,087 $76,355 $28,778 $47,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18080377

California Regional Multiple Listing Service (CRMLS)

APN: 7460-030-004