NOT LISTED FOR SALE

1701 S Centre St San Pedro, CA 90731

Estimated Value: $772,000 - $891,000

3 Beds
3 Baths
1,904 Sq Ft
$441/Sq Ft Est. Value

Last Sold February 10, 2016

Last sale price $484,000 $254 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $5,012/month

15 Days on Market

Highlights

  • Marina
  • Fishing
  • Wood Flooring
  • San Pedro Senior High School Rated A-
  • Traditional Architecture
  • Corner Lot

About This Home

As of February 2016

Great opportunity to purchase a triplex in an up-and coming area of San Pedro that is just a few blocks away from the marina and proposed waterfront redevelopments that include the Altasea Marine Research Institute and new Ports of Call Village. Front duplex features nice units with indoor laundry area and rear building includes a unit over three garages, laundry room and storage area. Property is nicely landscaped and has wonderful curb appeal. Good stable tenants & solid rents. This one makes sense! Being sold "as is", no repairs or termite work.

Last Agent to Sell the Property

Gary Krill

Compass License #01086159 Listed on: 12/14/2015

Compass

Last Buyer's Agent

Manny Archondo

Estate Properties License #01373926

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 4,501 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Corner Lot
  • Level Lot
  • Private Yard
  • Lawn

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,904 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 30
  • Tax Tract Number 7456
  • Assessor Parcel Number 7456027030

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Marina
  • Fishing

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Gross Income $2,961
  • Net Operating Income $25,932

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

4,501 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 5.20
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7456027030
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 254.20

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside, Individual Room
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Level, Lawn, Corner Lot, Yard
  • Lot Size Sq Ft: 4501.00
  • Price Per Lot Square Foot: 107.53
  • Lot Size Acres: 0.1030

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 635
  • Gross Income: 2961.00
  • Gross Multiplier: 14.00
  • Gross Scheduled Income: 35532.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4501.0000 Square Feet
  • Net Operating Income: 25932.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 9600.00
  • Rent Control: Yes
  • Total Actual Rent: 2961.00
  • Waterfront Features: Fishing in Community, Marina in Community

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 30
  • Tax Tract Number: 7456

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2015
Closed on
Jan 13, 2016
Sold by
Mendoza Richard B and Mendoza Helen J
Bought by
Shimizu Yuzo and Shimizu Mirtha T
Seller's Agent
Gary Krill
Compass
Buyer's Agent
Manny Archondo
Estate Properties
List Price
$497,000
Sold Price
$484,000
Premium/Discount to List
-$13,000
-2.62%
Current Estimated Value
$840,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,205
Avg. Annual Appreciation
5.60%
Original Mortgage
$314,600
Outstanding Balance
$250,372
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$589,833

Purchase Details

Closed on
Feb 16, 2008
Sold by
Mazzia Eliane M
Bought by
Mazzia Eliane M and Mazzia Family 2008 Trust

Purchase Details

Closed on
Feb 15, 1994
Sold by
Mendoza Richard B and Mendoza Helen J
Bought by
Mendoza Richard B and Mendoza Helen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
7.1%

Purchase Details

Closed on
Dec 23, 1993
Sold by
Mendoza Richard B and Mendoza Helen J
Bought by
Mendoza Richard B and Mendoza Helen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
7.1%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shimizu Yuzo $484,000 Fidelity National Title Co
Mazzia Eliane M -- None Available
Mendoza Richard B -- --
Mendoza Richard B -- South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shimizu Yuzo $314,600
Previous Owner Mendoza Richard B $51,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2016 02/10/16 Sold $484,000 -2.6% $254 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
12/02/2015 12/02/15 For Sale $497,000 -- $261 / 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 $7,100 $572,950 $331,459 $241,491
2024 $7,100 $561,716 $324,960 $236,756
2023 $6,966 $550,703 $318,589 $232,114
2022 $6,647 $539,906 $312,343 $227,563
2021 $6,561 $529,320 $306,219 $223,101
2020 $6,624 $523,894 $303,080 $220,814
2019 $6,368 $513,623 $297,138 $216,485
2018 $6,295 $503,553 $291,312 $212,241
2016 $2,101 $156,083 $88,581 $67,502
2015 $2,073 $153,740 $87,251 $66,489
2014 $2,100 $150,729 $85,542 $65,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15255580

California Regional Multiple Listing Service (CRMLS)

APN: 7456-027-030

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