NOT LISTED FOR SALE

1318 S Pacific Ave San Pedro, CA 90731

1 Bed
3 Baths
12,294 Sq Ft
5,053 Sq Ft Lot

Sale Details

Date Sold: January 28, 2015

Last sale price $1,375,000 $112 Per Sq Ft

3 Days on Market

Highlights

  • Property is near park and public transit
  • Traditional Architecture
  • Neighborhood Views
  • San Pedro Senior High School Rated A-
  • No HOA
  • Living Room

About This Home

As of January 2015

Spacious well-lit studios!

- Good Finishes
- Hardwood Floor
- Appliances
- WATER, SEWER, TRASH, GAS INCLUDED


*The owner reserves the right to adjust the rent to the maximum amount permitted under the Section 8 Housing Choice Voucher Program.

Last Agent to Sell the Property

Robert Whitney

Keller Williams Realty License #00784257 Listed on: 08/31/2014

Last Buyer's Agent

Danielle Whitney Moore

Keller Williams Realty License #01715547

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 5,040 Sq Ft Lot
  • Lot Dimensions are 42 x 120
  • Property fronts an alley
  • Two or More Common Walls
  • West Facing Home
  • Chain Link Fence
  • Fence is in average condition
  • No Landscaping
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Back Yard

Home Design

  • Traditional Architecture
  • Property Attached
  • Fire Rated Drywall
  • Frame Construction
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Plaster
  • Stucco

Interior Spaces

  • 12,294 Sq Ft Home
  • 3-Story Property
  • Blinds
  • Window Screens
  • Panel Doors
  • Living Room
  • Center Hall
  • Formica Countertops
  • Neighborhood Views

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park and public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 3
  • Assessor Parcel Number 7456015003

Community Details

Overview

  • No Home Owners Association
  • 24 Units

Building Details

  • 23 Leased Units
  • Rent Control
  • 24 Separate Electric Meters
  • Insurance Expense $2,025
  • Maintenance Expense $18,769
  • Other Expense $25,063
  • Pest Control $750
  • Supplies Expense $229
  • Trash Expense $2,265
  • New Taxes Expense $18,125
  • Gross Income $13,561
  • Net Operating Income $82,659

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1912 | Remodeled

Lot Details

5,040 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.70
  • Inclusions: Laundry Equipment
  • Improvements Percent: 85.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Fire Sprinkler System, Fire and Smoke Detection System, Resident Manager, Smoke Detector(s)
  • Supplies Expense: 229.00
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7456015003
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Unfurnished
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: No
  • Door Features: Panel Doors
  • Levels: Three Or More
  • Price Per Square Foot: 111.84
  • Room Type: Center Hall, Living Room
  • Window Features: Blinds, Screens

Exterior Features

  • Direction Faces: West
  • Exterior Features: Lighting, Rain Gutters, Satellite Dish
  • View: Neighborhood
  • Fencing: Average Condition, Chain Link
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Plaster, Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, In Closet, Inside, Individual Room, Washer Hookup, Washer Included
  • Pest Control Expense: 750.00
  • Trash Expense: 2265.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Land Value Percent: 15.00
  • Lot Features: Back Yard, Level, Rectangular Lot, Level with Street, No Landscaping, Paved, Park Nearby, Near Public Transit, Utilities - Overhead
  • Lot Size: 42 x 120
  • Lot Size Sq Ft: 5040.00
  • Lot Size Acres: 0.1160

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 13561.00
  • Gross Multiplier: 8.91
  • Gross Scheduled Income: 162732.00
  • Insurance Expense: 2025.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5040.0000 Square Feet
  • Maintenance Expense: 18769.00
  • Maintenance Percent: 11.53
  • Net Operating Income: 82659.00
  • Number Of Separate Electric Meters: 24
  • Number Of Units Leased: 23
  • Number Of Units Total: 24
  • Operating Expense: 71936.00
  • Operating Expense Percent: 44.00
  • Other Expense: 25063.00
  • Other Expense Description: Util.
  • Other Income Description: Laundry
  • Rent Control: Yes
  • Total Actual Rent: 13311.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 18125.00
  • Tax Area: 13245
  • Taxes Percent: 11.35
  • Tax Lot: 3
  • Tax Rate: 1.25
  • Tax Year: 2014
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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
11/04/2025 11/04/25 Off Market $1,495 -- --
07/22/2025 07/22/25 For Rent $1,495 0.0% --
01/28/2015 01/28/15 Sold $1,375,000 -5.2% $112 / Sq Ft
09/03/2014 09/03/14 Pending -- -- --
08/31/2014 08/31/14 For Sale $1,450,000 -- $118 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,393 $1,652,535 $691,059 $961,476
2024 $21,393 $1,620,133 $677,509 $942,624
2023 $21,007 $1,588,367 $664,225 $924,142
2022 $20,084 $1,557,223 $651,201 $906,022
2021 $19,785 $1,526,690 $638,433 $888,257
2020 $19,968 $1,522,887 $631,887 $891,000
2019 $19,228 $1,493,260 $619,498 $873,762
2018 $19,173 $1,464,213 $607,351 $856,862
2016 $18,198 $1,395,968 $583,768 $812,200
2015 $12,823 $944,765 $139,750 $805,015
2014 $12,868 $926,259 $137,013 $789,246
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14187681

California Regional Multiple Listing Service (CRMLS)
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