NOT LISTED FOR SALE

1185 W 22nd St Unit 1234 San Pedro, CA 90731

Estimated Value: $1,388,000 - $1,749,000

8 Beds
8 Baths
3,692 Sq Ft
$412/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $1,200,000 $325 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,704/month

13 Days on Market

Highlights

  • No Units Above
  • Property is near public transit
  • Laundry Room
  • Contemporary Architecture
  • No HOA
  • Block Wall Fence

About This Home

As of May 2021

FOUR UNIT BUILDING IN GREAT SAN PEDRO RENTAL LOCATION FEATURING ALL TOWNHOUSE STYLE UNITS. UNIT #2 HAS JUST BEEN REMODELED WITH AN ALL NEW UP TO DATE KITCHEN, NEW LAMINATE FLOORING DOWNSTAIRS AND NEW CARPETING UPSTAIRS. ALL FOUR UNITS HAVE INTERIOR LAUNDRY FACILITIES AND NEW SECURITY SCREEN DOORS. CARPORTS HAVE POTENTIAL TO ENCLOSE INTO GARAGES.

Last Agent to Sell the Property

Gordon Teuber

Estate Properties License #00700412 Listed on: 04/14/2021

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,976

Year Built

  • Built in 1965

Lot Details

  • 5,399 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Apartment
  • Entry on the 1st floor
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 3,692 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 2 / 4
  • Assessor Parcel Number 7460030002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $3,000
  • New Taxes Expense $15,625
  • Operating Expense $20,375
  • Gross Income $73,764
  • Net Operating Income $55,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,976

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LAR2
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7460030002
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 325.03
  • Room Type: All Bedrooms Up
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Sq Ft: 5399.00
  • Lot Size Acres: 0.1239

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 923 Square Feet
  • Gross Income: 73764.00
  • Gross Multiplier: 16.94
  • Gross Operating Income: 73764.00
  • Gross Scheduled Income: 73764.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5399.0000 Square Feet
  • Net Operating Income: 55323.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 18441.00
  • Operating Expense Percent: 25.00
  • Rent Control: Yes
  • Total Actual Rent: 6147.00
  • Total Expenses: 20375.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Block: 4
  • Tax Census Tract: 2972.02
  • Tax Lot: 2
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2021
Sold by
Sasajima Kayo
Bought by
Sasajima Tatsuya
Current Estimated Value
$1,520,000

Purchase Details

Closed on
Oct 17, 2019
Sold by
Zuvic Teo and Zuvic Eric
Bought by
Zuvic Teo and Zuvic Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2005
Sold by
Zuvic Teo and Zuvic Eric
Bought by
Zuvic Teo and Zuvic Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2005
Sold by
Dragojevic Maria
Bought by
Setka George K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2001
Sold by
Zuvic Jasenko and Zuvic Mileva
Bought by
Zuvic Teo and Zuvic Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.62%

Purchase Details

Closed on
May 24, 1996
Sold by
Zuvic Jasenko and Zuvic Mileva
Bought by
Zuvic Teo and Zuvic Eric
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
Sasajima Tatsuya -- Chicago Title
Zuvic Teo -- Fidelity National Title
Zuvic Teo -- Fatcola
Zuvic Eric -- First American Title Company
Zuvic Teo -- First American Title Company
Setka George K -- --
Zuvic Teo -- North American Title Co
Zuvic Teo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zuvic Teo $550,000
Previous Owner Zuvic Teo $260,000
Previous Owner Setka George K $430,000
Previous Owner Zuvic Teo $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $1,200,000 -4.0% $325 / Sq Ft
04/14/2021 04/14/21 For Sale $1,250,000 -- $339 / 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 $20,976 $1,719,156 $1,082,432 $636,724
2024 $20,748 $1,685,448 $1,061,208 $624,240
2023 $20,347 $1,652,400 $1,040,400 $612,000
2022 $19,401 $1,620,000 $1,020,000 $600,000
2021 $7,549 $600,494 $122,821 $477,673
2020 $7,619 $594,338 $121,562 $472,776
2019 $7,329 $582,685 $119,179 $463,506
2018 $7,200 $571,261 $116,843 $454,418
2017 $7,046 $560,060 $114,552 $445,508
2016 $6,853 $549,079 $112,306 $436,773
2015 $6,756 $540,833 $110,620 $430,213
2014 $6,801 $530,240 $108,454 $421,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV21077626

California Regional Multiple Listing Service (CRMLS)

APN: 7460-030-002