NOT LISTED FOR SALE

1236 W 8th St San Pedro, CA 90731

14 Beds
10 Baths
8,222 Sq Ft
1975 Built

Last Sold July 27, 2017

Last sale price $1,800,000 $219 Per Sq Ft

14 Days on Market

Highlights

  • Peek-A-Boo Views
  • Mediterranean Architecture
  • Living Room Balcony
  • Property is near a park
  • No HOA
  • Built-In Features

About This Home

As of July 2017

Great investment property in Prime San Pedro Vista Del Oro location on a quiet street. Two 3 bedroom 2 bath apartments, two 2 bedroom 1 bath apartments, four 1 bedroom apartments, all units in good condition, all rented, 14 parking spaces under the building, community coin operated laundry room on garage level. 6 units have balconies, some with city views. Large bedrooms in these units. The 3 bedroom units have stackable laundry hook ups in the those units. 6 of the units have not had rent raise din over a year.

Last Agent to Sell the Property

Sal Sorrentino

Keller Williams Realty License #00494542 Listed on: 03/15/2017

Keller Williams Realty

Last Buyer's Agent

Gordon Inman

Keller Williams Realty License #00446156

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 6,717 Sq Ft Lot
  • Lot Dimensions are 50 x 134
  • Two or More Common Walls
  • Landscaped
  • Front Yard

Parking

  • 12 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Peek-A-Boo
  • Hills
  • Neighborhood

Home Design

  • Mediterranean Architecture
  • Apartment
  • Entry on the 2nd floor
  • Common Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 8,222 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Blinds
  • Window Screens
  • Sliding Doors
  • Storage
  • Laundry Room
  • Carpet

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Living Room Balcony
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Radiant Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / 34
  • Assessor Parcel Number 7459021015

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,300
  • Gardener Expense $1,200
  • Insurance Expense $1,750
  • Trash Expense $1,600
  • Water Sewer Expense $2,500
  • New Taxes Expense $23,750
  • Operating Expense $32,990
  • Gross Income $123,180
  • Net Operating Income $90,190

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

12

Listing Details

  • Assessments: Yes
  • CapRate: 0.05
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: LARD1.5
  • Architectural Style: Mediterranean
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7459021015
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Built-in Features, Living Room Balcony, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 218.92
  • Room Type: Laundry
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Hills, Neighborhood, Peek-A-Boo
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Park Nearby
  • Lot Size: 50 X 134
  • Lot Size Sq Ft: 6717.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1300.00
  • Gross Income: 123180.00
  • Gross Multiplier: 15.42
  • Gross Operating Income: 123180.00
  • Gross Scheduled Income: 123180.00
  • Insurance Expense: 1750.00
  • Net Operating Income: 90190.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Range: 8
  • Operating Expense: 32990.00
  • Rent Control: Yes
  • Total Expenses: 32990.00

Tax Info

  • New Taxes Expense: 23750.00
  • Tax Block: 34
  • Tax Census Tract: 2970.00
  • Tax Lot: 10
  • Tax Tract Number: V D O

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2017 07/27/17 Sold $1,800,000 -5.3% $219 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $1,900,000 0.0% $231 / Sq Ft
09/01/2016 09/01/16 Rented $1,500 0.0% --
08/16/2016 08/16/16 For Rent $1,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17050168

California Regional Multiple Listing Service (CRMLS)