Seller's Agent in 2020
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
4 in this area
78 Total Sales
2115 S Gaffey St San Pedro, CA 90731
Estimated Value: $1,370,000 - $1,499,324
6
Beds
6
Baths
2,808
Sq Ft
$511/Sq Ft
Est. Value
Highlights
- Private Yard
- Property is near a preserve or public land
- Bike Trail
- Park
- 4 Car Garage
- Rectangular Lot
About This Home
As of April 2020Back on Market! Well-located 6-unit property for under $1.2M. Excellent Vista Del Oro location only blocks to the beach, Cabrillo Marina, and Downtown San Pedro. Close proximity to massive 400 acre $150 Million+ LA Waterfront Redevelopment. Strong actual income at 13.2X gross and 4.7% cap rate with an upside to 10.3X gross and 6.5% cap rate on market rents. 2 out of 6 units recently updated, 2 larger units have harbor views. Ample parking with 4 enclosed garages plus a bonus storage space for additional income. Qualifies for excellent financing at 70% LTV and 3.5% interest rate. Low maintenance building with separately metered gas and electric, minimal landscaping. Well-maintained, professionally managed property 27% upside in rents (subject to city of Los Angeles Rent Stabilization Ordinance).
Last Agent to Sell the Property
Buckingham Investments, Inc License #01908153 Listed on: 01/06/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,360
Year Built
- Built in 1929
Lot Details
- 5,851 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Private Yard
Parking
- 4 Car Garage
- Parking Available
Home Design
- 2,808 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 27 / 12
- Tax Tract Number 2972
- Assessor Parcel Number 7462028025
Community Details
Overview
- 3 Buildings
- 6 Units
- Property is near a preserve or public land
Recreation
- Park
- Water Sports
- Bike Trail
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $958
- Fuel Expense $958
- Gardener Expense $780
- Insurance Expense $2,891
- Maintenance Expense $4,234
- Other Expense $407
- Professional Management Expense $5,081
- Trash Expense $355
- Water Sewer Expense $958
- New Taxes Expense $14,375
- Operating Expense $30,998
- Gross Income $84,690
- Net Operating Income $53,692
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 25, 2024
Sold by
Arana Eduardo
Bought by
Eduardo Arana Separate Property Trust and Arana
Current Estimated Value
Purchase Details
Listed on
Jan 6, 2020
Closed on
Mar 5, 2020
Sold by
Shen Property Investments Llc
Bought by
Arana Eduardo and The Eduardo Arana Trust
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Josh Ess
Buckingham Investments, Inc
List Price
$1,150,000
Sold Price
$1,125,000
Premium/Discount to List
-$25,000
-2.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$792,000
Interest Rate
3.6%
Mortgage Type
Construction
Purchase Details
Listed on
Jul 11, 2014
Closed on
Aug 21, 2014
Sold by
Ghanem Ibrahim H and Ghanem Carol
Bought by
Shen Property Investments Llc
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$849,000
Sold Price
$825,000
Premium/Discount to List
-$24,000
-2.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$618,750
Interest Rate
4.08%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 10, 2008
Sold by
Ghanem Ibrahim H
Bought by
Ghanem Ibrahim H and Ghanem Carol
Purchase Details
Closed on
Mar 6, 2008
Sold by
Ali Robert and Yuriy Schepak Trust
Bought by
Ghanem Ibrahmi H
Purchase Details
Closed on
Jun 13, 2004
Sold by
Schepak Yuriy and Schepak George
Bought by
Schepak Yuriy and Yuriy Schepak Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eduardo Arana Separate Property Trust | -- | None Listed On Document | |
| Arana Eduardo | -- | None Listed On Document | |
| Arana Eduardo | $1,125,000 | Chicago Title Company | |
| Shen Property Investments Llc | $825,000 | Chicago Title Company | |
| Ghanem Ibrahim H | -- | Accommodation | |
| Ghanem Ibrahim H | -- | Fidelity National Title | |
| Ghanem Ibrahmi H | $595,000 | Fidelity National Title | |
| Schepak Yuriy | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Arana Eduardo | $792,000 | |
| Previous Owner | Shen Property Investments Llc | $618,750 | |
| Previous Owner | Ghanem Ibrahim H | $110,000 | |
| Previous Owner | Ghanem Ibrahim H | $424,475 | |
| Previous Owner | Ali Robert | $150,000 | |
| Previous Owner | Ali Robert | $330,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2020 04/30/20 | Sold | $1,125,000 | -2.2% | $401 / Sq Ft |
| 01/06/2020 01/06/20 | For Sale | $1,150,000 | +39.4% | $410 / Sq Ft |
| 10/10/2014 10/10/14 | Sold | $825,000 | -2.8% | $294 / Sq Ft |
| 08/21/2014 08/21/14 | Pending | -- | -- | -- |
| 07/11/2014 07/11/14 | For Sale | $849,000 | -- | $302 / 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 | $15,360 | $1,407,600 | $984,300 | $423,300 |
| 2024 | $15,360 | $1,206,225 | $884,565 | $321,660 |
| 2023 | $15,072 | $1,182,574 | $867,221 | $315,353 |
| 2022 | $14,394 | $1,159,387 | $850,217 | $309,170 |
| 2021 | $14,218 | $1,136,655 | $833,547 | $303,108 |
| 2020 | $11,748 | $906,619 | $412,099 | $494,520 |
| 2019 | $11,305 | $888,843 | $404,019 | $484,824 |
| 2018 | $11,209 | $871,416 | $396,098 | $475,318 |
| 2016 | $10,678 | $837,580 | $380,718 | $456,862 |
| 2015 | $10,529 | $825,000 | $375,000 | $450,000 |
| 2014 | -- | $550,000 | $277,300 | $272,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
1 in this area
28 Total Sales
-
Seller's Agent in 2014
Steve Gamez
P.R.S. Properties
(714) 328-0832
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20002944
APN: 7462-028-025
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