K
Seller's Agent in 2023
Kris & Stephanie Denton
Bayside
1715 S Cabrillo Ave San Pedro, CA 90731
Estimated Value: $1,056,000 - $1,249,000
4
Beds
4
Baths
2,476
Sq Ft
$465/Sq Ft
Est. Value
Highlights
- Main Floor Primary Bedroom
- Neighborhood Views
- Tile Flooring
- No HOA
- Tankless Water Heater
- Zero Lot Line
About This Home
As of December 2023Don't miss this opportunity to bolster your investment portfolio with a prime 4-unit apartment building in this constantly growing seaside town. This property features two free-standing bungalows and separate duplex, currently bringing in close to a 5% cap rate in San Pedro's thriving real estate market. Strong current cash flow, an excellent appreciation potential, and value-add opportunities make this property a winning addition to your portfolio.
Unlimited investor potential... add coin-op laundry facility, possible ADU for additional revenue, & rental increases over time. No lapses in rent payment throughout Covid. Public transportation nearby. Total current rents of $5,947 monthly. Each unit has its own gas & electric meter. Owner currently pays water & gardener.
Just a few minute stroll from the Ports O’ Call Village Waterfront! The second phase of this Multi-Million dollar LA Waterfront revitalization project now under way. This will bring 42 acres of new restaurants, shopping, outdoor amphitheater, office space, entertainment and dog parks... perfect for future increased rental demand and value add.
2 - 2 bedroom, 1 bath units
1 - Studio, 1 bath freestanding bungalow
1 - Studio, 1 bath freestanding bungalow
Buyer to satisfy their own investigations for all current revitalization projects, details of LA City regulations, and RSO.
Last Agent to Sell the Property
Kris & Stephanie Denton
Bayside License #01956052 Listed on: 10/09/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,975
Year Built
- Built in 1921
Lot Details
- 4,502 Sq Ft Lot
- 1 Common Wall
- Vinyl Fence
- New Fence
- Level Lot
- Zero Lot Line
Parking
- On-Street Parking
Home Design
- Quadruplex
- Entry on the 1st floor
- Planned Development
Interior Spaces
- 2,476 Sq Ft Home
- 2-Story Property
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Natural Gas Connected
- Tankless Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 27
- Tax Tract Number 2372
- Assessor Parcel Number 7462003030
- $371 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $600
- Insurance Expense $420
- Water Sewer Expense $2,040
- New Taxes Expense $12,806
- Operating Expense $3,060
- Gross Income $71,364
- Net Operating Income $69,223
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2023
Closed on
Nov 8, 2023
Sold by
Ligthart Brandon W
Bought by
Le Blanc Patricia A and Leblanc Phillip
Seller's Agent
Kris & Stephanie Denton
Bayside
Buyer's Agent
Shaun Hurley
Coldwell Banker Realty
List Price
$1,099,000
Sold Price
$1,050,000
Premium/Discount to List
-$49,000
-4.46%
Views
371
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,579
Avg. Annual Appreciation
5.06%
Original Mortgage
$650,000
Outstanding Balance
$638,530
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$513,049
Purchase Details
Closed on
Dec 9, 2013
Sold by
Fabian Michael E and Edison & Dorothy Fabian Family
Bought by
Ligthart Brandon W
Purchase Details
Closed on
Mar 3, 2004
Sold by
Fabian Lili M and Fabian Michael E
Bought by
Fabian Lili M and Fabian Michael E
Purchase Details
Closed on
Sep 30, 1993
Sold by
Fabian Edison M and Fabian Dorothy
Bought by
Fabian Edison and Fabian Dorothy
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Le Blanc Patricia A | $1,050,000 | First American Title | |
| Ligthart Brandon W | $290,000 | Nations Title Company Of Ca | |
| Fabian Lili M | -- | -- | |
| Fabian Edison | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Le Blanc Patricia A | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/14/2023 12/14/23 | Sold | $1,050,000 | -4.5% | $424 / Sq Ft |
| 11/06/2023 11/06/23 | Pending | -- | -- | -- |
| 10/09/2023 10/09/23 | For Sale | $1,099,000 | -- | $444 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,975 | $1,071,000 | $612,000 | $459,000 |
| 2024 | $12,975 | $1,050,000 | $600,000 | $450,000 |
| 2023 | $5,748 | $447,729 | $235,647 | $212,082 |
| 2022 | $5,487 | $438,951 | $231,027 | $207,924 |
| 2021 | $5,410 | $430,346 | $226,498 | $203,848 |
| 2020 | $5,460 | $425,934 | $224,176 | $201,758 |
| 2019 | $5,252 | $417,583 | $219,781 | $197,802 |
| 2018 | $5,180 | $409,396 | $215,472 | $193,924 |
| 2016 | $4,932 | $393,501 | $207,106 | $186,395 |
| 2015 | $4,863 | $387,592 | $203,996 | $183,596 |
| 2014 | $4,528 | $349,264 | $143,197 | $206,067 |
Source: Public Records
Agents Affiliated with this Home
-
-
Shaun Hurley
Buyer's Agent in 2023
Shaun Hurley
Coldwell Banker Realty
(949) 463-4663
1 in this area
44 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23186883
APN: 7462-003-030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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