NOT LISTED FOR SALE

206 N Mesa St San Pedro, CA 90731

Estimated Value: $835,000 - $914,000

6 Beds
3 Baths
2,284 Sq Ft
$384/Sq Ft Est. Value

Last Sold May 16, 2017

Last sale price $475,000 $208 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,165/month

1 Day on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property
  • Laundry Room

About This Home

As of May 2017

Investors!!!!! Great opportunity!! Two houses on a corner lot. Front house has 4 bedrooms and 2 baths, Rear unit 2 bedrooms 1 bath. Alley Access and backyard.Jacuzzi and Gazebo in the back of the units . Main unit is owner occupied and rents are estimated as second unit is expected to be vacant soon.
This is a short sale.

Last Agent to Sell the Property

Cookie Lorenzo

Coldwell Banker Realty License #00971609 Listed on: 05/31/2016

Coldwell Banker Realty

Last Buyer's Agent

Diana Medina

Pinnacle Estate Properties, Inc. License #01354735

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,943

Year Built

  • Built in 1923

Lot Details

  • 5,449 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 2,284 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 2962
  • Assessor Parcel Number 7449020024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,050
  • Trash Expense $720
  • Water Sewer Expense $1,800
  • New Taxes Expense $5,800
  • Operating Expense $9,970
  • Gross Income $45,600
  • Net Operating Income $35,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,943

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.70
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7449020024
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 207.97

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 5449.00
  • Price Per Lot Square Foot: 90.84

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 45600.00
  • Gross Multiplier: 11.60
  • Gross Operating Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1050.00
  • Net Operating Income: 35630.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9970.00
  • Rent Control: Yes
  • Total Expenses: 9970.00

Tax Info

  • New Taxes Expense: 5800.00
  • Tax Lot: 23
  • Tax Tract Number: 2962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2016
Sold by
Rivera Paul Lawrence and Lucio Rivera Norma Marie
Bought by
Herrera Eric R
Current Estimated Value
$876,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,250
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 1999
Sold by
Rivera Paul Lawrence and Lucio Rivera Norma Marie
Bought by
Rivera Paul Lawrence and Lucio Rivera Norma Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,309
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 19, 1996
Sold by
Rivera Paul L and Rivera Norma M
Bought by
Rivera Paul Lawrence and Lucio Rivera Norma Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,650
Interest Rate
7.84%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 1996
Sold by
Kuaea Frank L and Romero Margaret
Bought by
Rivera Paul L and Rivera Norma M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,650
Interest Rate
7.84%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Herrera Eric R $485,000 Progressive Title Company
Rivera Paul Lawrence -- American Title Co
Rivera Paul Lawrence -- Chicago Title Insurance Co
Rivera Paul L $97,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herrera Eric R $412,250
Previous Owner Rivera Paul Lawrence $141,309
Previous Owner Rivera Paul L $142,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2017 05/16/17 Sold $475,000 -10.2% $208 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $529,000 -- $232 / 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 $6,943 $562,877 $301,749 $261,128
2024 $6,943 $551,841 $295,833 $256,008
2023 $6,811 $541,022 $290,033 $250,989
2022 $6,498 $530,415 $284,347 $246,068
2021 $6,410 $520,016 $278,772 $241,244
2020 $6,471 $514,685 $275,914 $238,771
2019 $6,220 $504,594 $270,504 $234,090
2018 $6,136 $494,700 $265,200 $229,500
2016 $2,606 $210,482 $140,326 $70,156
2015 $2,569 $207,322 $138,219 $69,103
2014 $2,570 $203,262 $135,512 $67,750
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Cookie Lorenzo

    Coldwell Banker Realty

    (310) 418-2094

    4 in this area

    15 Total Sales

    Cookie Lorenzo
    Section Image
  • Diana Medina

    Buyer's Agent in 2017

    Diana Medina

    Pinnacle Estate Properties, Inc.

    (818) 438-6629

    125 Total Sales

    Diana Medina
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16117548

California Regional Multiple Listing Service (CRMLS)

APN: 7449-020-024

California Los Angeles County San Pedro 90731

206 N Mesa St, San Pedro, CA

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