NOT LISTED FOR SALE

2232 S Grand Ave San Pedro, CA 90731

Estimated Value: $927,193 - $1,047,000

4 Beds
4 Baths
2,300 Sq Ft
$432/Sq Ft Est. Value

Last Sold September 21, 2021

Last sale price $824,000 $358 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,328/month

Highlights

  • Property is near a park
  • 4 Car Direct Access Garage
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • Bike Trail

About This Home

As of September 2021

Triplex located in Point Fermin area of San Pedro. Front property is a single family 1920's craftsman-style home featuring two bedrooms and two bathrooms. Main house has detached 2 car garage. Two 1BD/1BA units built in 1987 are located in the rear of the property. Rear units remodeled 2017 with new hardwood flooring, new drywall, paint, and AC. Each features balcony, private courtyard and direct access down staircase into single space private garage with laundry hookups. Courtyard area separates the two living structures. Alley access to all 3 garages. Each unit has separate gas and electric meters. Rear units have own meters for water and sewer. A wonderful opportunity for investors with tons of upside potential. Point Fermin is an up and coming yet affordable coastal neighborhood with a sense of close community. Close to 110 freeway access, beaches, tourist sites such as Aquarium, Korean Bell, Pt Fermin Lighthouse, Ft. MacArthur.

Last Agent to Sell the Property

Kerry LaPine

Vista Sotheby's International Realty Brokerage Phone: 310-938-0548 License #01959664 Listed on: 06/10/2021

Vista Sotheby's International Realty

Last Buyer's Agent

Jackie Donell

Bayside License #01194362

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,913

Year Built

  • Built in 1920

Lot Details

  • 4,501 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • No Driveway

Home Design

  • Triplex
  • Cosmetic Repairs Needed

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Source of electricity is unknown
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 26 / 6
  • Tax Tract Number 297
  • Assessor Parcel Number 7465002024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Military Land

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Trash Expense $500
  • Water Sewer Expense $1,000
  • Security Expense $500
  • New Taxes Expense $10,356
  • Operating Expense $5,000
  • Gross Income $75,400
  • Net Operating Income $75,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,913

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 8.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security Expense: 500.00
  • Water Sewer Expenses: 1000.00
  • Zoning: LARD1.5
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7465002024
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 358.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Faces Rear, Garage - Three Door, No Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - Unknown
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Military Land, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 4501.00
  • Lot Size Acres: 0.1033

Multi Family

  • Average1 Bed Area: 660 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Gross Income: 75400.00
  • Gross Scheduled Income: 80400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 4501.0000 Square Feet
  • Net Operating Income: 75400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Patio: 3
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Actual Rent: 1100.00
  • Total Expenses: 5000.00

Tax Info

  • New Taxes Expense: 10356.00
  • Tax Block: 6
  • Tax Census Tract: 2972.01
  • Tax Lot: 26
  • Tax Tract Number: 297...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2021
Sold by
Badawy Mayda
Bought by
Badawy Michael
Current Estimated Value
$994,548

Purchase Details

Closed on
Jun 25, 2021
Sold by
Shelton Charles Stuart and Estate Of Michael Fantore
Bought by
Badawy Michael

Purchase Details

Closed on
Feb 26, 2010
Sold by
Fantore Michael
Bought by
Fantore Michael
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Badawy Michael -- Fidelity National Title Co
Badawy Michael $849,000 Fidelity National Title
Fantore Michael -- Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2021 09/21/21 Sold $824,000 -2.9% $358 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $849,000 0.0% $369 / Sq Ft
09/01/2016 09/01/16 Rented $1,650 0.0% --
06/05/2016 06/05/16 For Rent $1,650 -- --
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 $10,913 $900,964 $530,604 $370,360
2024 $10,913 $883,299 $520,200 $363,099
2023 $10,703 $865,980 $510,000 $355,980
2022 $10,205 $849,000 $500,000 $349,000
2021 $4,707 $375,505 $168,785 $206,720
2020 $4,751 $371,656 $167,055 $204,601
2019 $4,570 $364,370 $163,780 $200,590
2018 $4,504 $357,226 $160,569 $196,657
2017 $0 $341,665 $159,115 $182,550
2016 $4,190 $334,967 $155,996 $178,971
2015 $4,131 $329,936 $153,653 $176,283
2014 $4,162 $323,474 $150,644 $172,830
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21119694

California Regional Multiple Listing Service (CRMLS)

APN: 7465-002-024