NOT LISTED FOR SALE

1931 S Mesa St San Pedro, CA 90731

Estimated Value: $770,955 - $943,000

5 Beds
3 Baths
2,528 Sq Ft
$339/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $772,000 $305 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,639/month

29 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Property is near a park
  • No HOA
  • Living Room

About This Home

As of March 2024

Great opportunity to own just a few blocks from the new upcoming San Pedro waterfront development Public Market featuring entertainment, restaurants, shopping, and recreation on 42 acres in the Port of LA. Within a few blocks you’ll also be at Cabrillo Beach, the marina, 22nd St Landing, 22nd St Park, Crafted an indoor artisan market, many great eateries and shopping. This triplex offers stable long-term tenants who pay consistently on time and take great care of their units. The property spans from Mesa Street to alley with the 3-garage adding value to the overall property. Unit 1931 is a large two-bedroom, one bath, spacious living dining room, kitchen, storage, and laundry room with back door outside access. Unit 1933 is a large two-bedroom, one bath, spacious living dining room with a large opening to the kitchen offering laundry and storage. 1935 Mesa is a spacious one bedroom, one bath with large living room, nice sized kitchen, separate dining area and laundry. What we love about this property is it’s central location near the ocean, harbor, outdoor spaces, restaurants, and shopping.

Last Agent to Sell the Property

Kim Howard

West Shores Realty, Inc. Brokerage Phone: 310-951-2745 License #01498911 Listed on: 01/29/2024

West Shores Realty, Inc.

Last Buyer's Agent

Risa Brown

Real Broker License #01872898

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,102

Year Built

  • Built in 1917

Lot Details

  • 4,501 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Triplex
  • Bungalow
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,528 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Panel Doors
  • Living Room
  • Storage
  • Laundry Room
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 14 / 2O
  • Tax Tract Number 2971
  • Assessor Parcel Number 7456032014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Marina
  • Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,442
  • Fuel Expense $940
  • Insurance Expense $1,891
  • Maintenance Expense $2,000
  • Water Sewer Expense $3,070
  • New Taxes Expense $10,600
  • Operating Expense $11,272
  • Gross Income $39,648
  • Net Operating Income $28,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,102

Year Built

Built in 1917

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 282667
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3070.00
  • Zoning: LARD1.5
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7456032014
  • Year Built: 1917
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Storage
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 305.38
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Park Nearby
  • Lot Size Sq Ft: 4501.00
  • Lot Size Acres: 0.1033

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 1442.00
  • Fuel Expense: 940.00
  • Garage Income: 300.00
  • Gross Income: 39648.00
  • Gross Operating Income: 39648.00
  • Gross Scheduled Income: 39648.00
  • Insurance Expense: 1891.00
  • Lot Size Area: 4501.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 28376.00
  • Number Of Rented Garages: 2
  • 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: 11272.00
  • Rent Control: Yes
  • Total Actual Rent: 3304.00
  • Total Expenses: 11272.00
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 10600.00
  • Tax Block: 2O
  • Tax Census Tract: 2971.20
  • Tax Lot: 14
  • Tax Tract Number: 2971

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2024
Sold by
Diaz Noel
Bought by
2022 Noel Diaz Separate Property Family Trust and Diaz
Current Estimated Value
$857,739

Purchase Details

Listed on
Jan 29, 2024
Closed on
Mar 6, 2024
Sold by
Crutchfield Barbara J
Bought by
Diaz Noel
Seller's Agent
Kim Howard
West Shores Realty, Inc.
Buyer's Agent
Risa Brown
Real Broker
List Price
$848,000
Sold Price
$772,000
Premium/Discount to List
-$76,000
-8.96%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$617,600
Interest Rate
6.77%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
2022 Noel Diaz Separate Property Family Trust -- None Listed On Document
Diaz Noel $772,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diaz Noel $617,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $772,000 -9.0% $305 / Sq Ft
01/29/2024 01/29/24 For Sale $848,000 -- $335 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,102 $787,440 $714,000 $73,440
2024 $1,102 $51,129 $25,443 $25,686
2023 $1,090 $50,128 $24,945 $25,183
2022 $1,054 $49,146 $24,456 $24,690
2021 $1,008 $48,183 $23,977 $24,206
2020 $1,006 $47,690 $23,732 $23,958
2019 $985 $46,756 $23,267 $23,489
2018 $900 $45,840 $22,811 $23,029
2016 $798 $44,062 $21,926 $22,136
2015 $791 $43,401 $21,597 $21,804
2014 $787 $42,551 $21,174 $21,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24016943

California Regional Multiple Listing Service (CRMLS)

APN: 7456-032-014