NOT LISTED FOR SALE

1244 W 8th St San Pedro, CA 90731

14 Beds
10 Baths
8,192 Sq Ft
6,716 Sq Ft Lot

Last Sold December 24, 2020

Last sale price $1,838,680 $224 Per Sq Ft

29 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Radiant Heating System

About This Home

As of December 2020

Located in Vista Del Oro, this 8 unit Apartment Building is situated in a great neighborhood, close to Western Avenue and easy access to Gaffey Street and the 110 Freeway. Over 8,000 Square Feet of building equals good size units. Laundry Hook ups in both 3 Bedroom units, plus community laundry room for the rest of the building. The mix is 2 - 3 Bedroom, 2 Bathroom units, 2 - 2 Bedroom, 1 Bathroom units, and 4 - 1 Bedroom, 1 Bathroom units. 10 Parking Spaces.

Last Agent to Sell the Property

Ron Vallery

Estate Properties License #00760405 Listed on: 11/10/2020

Estate Properties

Last Buyer's Agent

Fred DiBernardo

Fred DiBernardo License #00573495

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,716 Sq Ft Lot
  • Lot Dimensions are 50 x 135
  • No Common Walls
  • Rectangular Lot

Home Design

  • 8,192 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces
  • Parking Available
  • Parking Lot

Utilities

  • Radiant Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 9 / 34
  • Tax Tract Number 2970
  • Assessor Parcel Number 7459021013

Community Details

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,097
  • Insurance Expense $2,305
  • Maintenance Expense $4,421
  • Trash Expense $2,736
  • Water Sewer Expense $5,175
  • New Taxes Expense $22,000
  • Operating Expense $37,734
  • Gross Income $108,000
  • Net Operating Income $71,094

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.55
  • Property Attached: No
  • Water Sewer Expenses: 5175.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7459021013
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 224.45

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned, Parking Space, Subterranean
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2736.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size: 50 X 135
  • Lot Size Sq Ft: 6716.00
  • Lot Size Acres: 0.1542

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 1097.00
  • Gross Income: 108000.00
  • Gross Scheduled Income: 108000.00
  • Insurance Expense: 2305.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6716.0000 Square Feet
  • Maintenance Expense: 4421.00
  • Net Operating Income: 71094.00
  • 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
  • Operating Expense: 37734.00
  • Rent Control: Yes
  • Total Actual Rent: 9000.00
  • Total Expenses: 37734.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Block: 34
  • Tax Census Tract: 2970.00
  • Tax Lot: 9
  • Tax Tract Number: 2970

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
12/24/2020 12/24/20 Sold $1,838,680 -8.1% $224 / Sq Ft
12/10/2020 12/10/20 For Sale $2,000,000 +8.8% $244 / Sq Ft
12/09/2020 12/09/20 Off Market $1,838,680 -- --
12/09/2020 12/09/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $2,000,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ron Vallery

    Seller's Agent in 2020

    Ron Vallery

    RE/MAX

    (310) 994-2029

    1 in this area

    33 Total Sales

    Ron Vallery
    Section Image
  • Fred DiBernardo

    Buyer's Agent in 2020

    Fred DiBernardo

    Fred DiBernardo

    (310) 832-4572

    87 in this area

    138 Total Sales

    Fred DiBernardo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20236145

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County San Pedro 90731

1244 W 8th St, San Pedro, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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