NOT LISTED FOR SALE

247 W 12th St San Pedro, CA 90731

Estimated Value: $1,274,000 - $1,606,000

7 Beds
6 Baths
4,373 Sq Ft
$327/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $1,010,000 $231 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $8,672/month

22 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 1-Story Property

About This Home

As of September 2017

This large 4-unit building is located near Ports O' Call Village, which is scheduled to receive a $100 Million makeover. Built in 1987, this non-rent control property is situated on a quiet residential street and offers a great opportunity to generate solid cash flow. The building features large 1,000+ sqft units, a laundry room and has 8 enclosed garages.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 06/07/2017

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,113

Year Built

  • Built in 1987

Lot Details

  • 6,751 Sq Ft Lot
  • No Common Walls
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 6 Car Garage

Interior Spaces

  • 4,373 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 7456010014

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,532
  • Fuel Expense $1,201
  • Gardener Expense $900
  • Insurance Expense $1,865
  • Trash Expense $50
  • Water Sewer Expense $2,532
  • New Taxes Expense $12,813
  • Operating Expense $27,137
  • Gross Income $68,094
  • Net Operating Income $40,957

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,113

Year Built

Built in 1987

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2531.50
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7456010014
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 230.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Multi Family

  • Electric Expense: 2531.50
  • Fuel Expense: 1200.70
  • Gross Income: 68094.00
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1865.00
  • Lot Size Area: 6751.0000 Square Feet
  • Maintenance Percent: 3.00
  • Net Operating Income: 40957.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27137.00
  • Rent Control: No
  • Total Actual Rent: 5850.00
  • Total Expenses: 27137.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12813.00
  • Tax Census Tract: 2971.10
  • Tax Lot: 8
  • Tax Tract Number: San Pe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2022
Sold by
Reddy Bandi Vamshidhar and Reddy Kavitha M
Bought by
Rt 1
Current Estimated Value
$1,432,085

Purchase Details

Closed on
Jul 5, 2017
Sold by
Lo Justin and Cheng Josephine Y
Bought by
Reddy Bandi Vamshidhar and Reddy Kavitha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
3.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 4, 2013
Sold by
Cheng Josephine Y
Bought by
Lo Justin and Cheng Josephine Y

Purchase Details

Listed on
Nov 1, 2011
Closed on
Jul 5, 2012
Sold by
Lo Justin
Bought by
Cheng Josephine Y
Seller's Agent
Dana Wright
Matilla Realty Inc
Buyer's Agent
Ellen Kim
Dream Realty & Investments Inc
List Price
$809,000
Sold Price
$680,000
Premium/Discount to List
-$129,000
-15.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%

Purchase Details

Closed on
Apr 17, 2012
Sold by
Eustace Theresa M
Bought by
Cheng Josephine Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2004
Sold by
Barron James R
Bought by
Eustace Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2002
Sold by
Lee Shiu Jui
Bought by
Barron James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,875
Interest Rate
6.83%
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
Rt 1 -- None Listed On Document
Reddy Bandi Vamshidhar $1,010,000 Fidelity National Title Co
Lo Justin -- None Available
Cheng Josephine Y -- Fidelity National Title
Cheng Josephine Y $680,000 Fidelity National Title
Eustace Theresa M $790,000 Lawyers Title Company
Barron James $422,500 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reddy Bandi Vamshidhar $633,750
Previous Owner Cheng Josephine Y $510,000
Previous Owner Eustace Theresa M $632,000
Previous Owner Barron James $316,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2017 09/29/17 Sold $1,010,000 -1.5% $231 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
06/07/2017 06/07/17 For Sale $1,025,000 +50.7% $234 / Sq Ft
08/14/2012 08/14/12 Sold $680,000 -15.9% $155 / Sq Ft View Prior Sale
06/29/2012 06/29/12 Pending -- -- --
11/01/2011 11/01/11 For Sale $809,000 -- $185 / 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 $14,113 $1,149,201 $637,181 $512,020
2024 $14,113 $1,126,669 $624,688 $501,981
2023 $13,845 $1,104,579 $612,440 $492,139
2022 $13,209 $1,082,922 $600,432 $482,490
2021 $13,031 $1,061,689 $588,659 $473,030
2019 $12,646 $1,030,200 $571,200 $459,000
2018 $12,509 $1,010,000 $560,000 $450,000
2017 $9,033 $721,504 $318,311 $403,193
2016 $8,790 $707,358 $312,070 $395,288
2015 $8,665 $696,734 $307,383 $389,351
2014 $8,669 $683,087 $301,362 $381,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17128137

California Regional Multiple Listing Service (CRMLS)

APN: 7456-010-014