NOT LISTED FOR SALE

2641 S Pacific Ave San Pedro, CA 90731

Estimated Value: $1,223,000 - $1,429,000

4 Beds
4 Baths
3,446 Sq Ft
$386/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $1,100,000 $319 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $8,453/month

70 Days on Market

Highlights

  • Views of a landmark
  • Side by Side Parking
  • 8 Car Garage
  • Built-In Features

About This Home

As of November 2020

1920's Restored Classic Charm! Across from MacARTHUR Park with views of the exceptional landscape, 4 Unit Apartment Building - Value Add - Huge Upside in Rents. This 4 unit apartment building is located in a high demand rental area of San Pedro, California. Just blocks from San Pedro Plaza Park and a direct shot to the Cabrillo Beach / waterfront. This well-maintained property has an excellent unit mix consisting of 1 Bdrm 1 bath units. Each unit has its own private individual car garage. This value add deal has a tremendous upside in the rents in an area where this is a lack of rental inventory and strong demand for apartment assets. San Pedro is seeing a massive redevelopment boom.There are many factors driving this influx in development, including the revitalization of the San Pedro waterfront that envisions a town square and attractions much like San Franciscos Fisherman Wharf.This renaissance will continue to drive housing demand and increase apartment values in the market.

Last Agent to Sell the Property

Leslie Bega

Keller Williams Beverly Hills License #01783962 Listed on: 07/24/2020

Keller Williams Beverly Hills

Last Buyer's Agent

Brook Billings

Compass License #01997704

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,615

Year Built

  • Built in 1923

Lot Details

  • 5,000 Sq Ft Lot

Interior Spaces

  • 3,446 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Views of a landmark

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 8 Car Garage
  • Side by Side Parking
  • Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7465-012-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,615

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: 1920's Restored Classic Charm! Across from MacARTHUR Park with views of the exceptional landscape, 4 Unit Apartment Building - Value Add - Huge Upside in Rents. This 5 unit apartment building is located in a high demand rental area of San Pedro, California. Just blocks from San Pedro Plaza Park & a direct shot to the Cabrillo Beach / waterfront. This well-maintained property has an excellent unit mix consisting of 1 Bdrm 1 bath units. Each unit has its own private individual car garage. This value add deal has a tremendous upside in the rents in an area where this is a lack of rental inventory & strong demand for apartment assets. San Pedro is seeing a massive redevelopment boom. There are many factors driving this influx in development, including the revitalization of the San Pedro waterfront that envisions a town square and attractions much like San Franciscos Fisherman Wharf. Aside from just a lack of product, strong submarket rent growth and high occupancy figures are making San Pedro/Long Beach top targets for investors looking for value add deals. This renaissance will continue to drive housing demand and increase apartment values in the market.
  • Living Area: 3446
  • Lot Acreage: 0.1148
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Cable, Dryer, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 340.98

Exterior Features

  • Other Structures: Other
  • View: Tree Top, Landmark
  • View: Yes

Garage/Parking

  • Parking Garage: Assigned, Garage, Private Garage, Side By Side, Driveway - Concrete
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning, Wall/Window
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 31.87
  • Assessed Improvement Value: 165225
  • Assessed Land Percent: 68.13
  • Assessed Land Value: 353245
  • Total Assessed Value: 518470
  • Assessor Parcel Number: 7465-012-008
  • Lot Size Area: 5000

Rental Info

  • Total Actual Rent: 5810.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.00
  • Number Of Units: 4
  • Total Annual Expense: 275366
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Nov 13, 2020
Sold by
Saify Donyanaz
Bought by
Sivakumar Walavan
Seller's Agent
Leslie Bega
Keller Williams Beverly Hills
Buyer's Agent
Brook Billings
Compass
List Price
$1,249,000
Sold Price
$1,100,000
Premium/Discount to List
-$149,000
-11.93%
Current Estimated Value
$1,330,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,332
Avg. Annual Appreciation
3.90%
Original Mortgage
$825,000
Outstanding Balance
$735,806
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$587,155

Purchase Details

Listed on
Jul 24, 2020
Closed on
Nov 6, 2020
Sold by
Basak Tina
Bought by
Amin Amar M
Seller's Agent
Leslie Bega
Keller Williams Beverly Hills
Buyer's Agent
Brook Billings
Compass
List Price
$1,249,000
Sold Price
$1,100,000
Premium/Discount to List
-$149,000
-11.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$735,806
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$587,155

Purchase Details

Listed on
Jul 24, 2020
Closed on
Oct 29, 2020
Sold by
Mosich Anthony J
Bought by
Sivakumar Walavan and Amin Amar M
Seller's Agent
Leslie Bega
Keller Williams Beverly Hills
Buyer's Agent
Brook Billings
Compass
List Price
$1,249,000
Sold Price
$1,100,000
Premium/Discount to List
-$149,000
-11.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$735,806
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$587,155

Purchase Details

Closed on
Jun 20, 2017
Sold by
Mosich Doris M
Bought by
Mosich Doris M and Doris M Mosich Survivors Trust

Purchase Details

Closed on
Oct 17, 2005
Sold by
Mosich Dori
Bought by
Mosich Doris

Purchase Details

Closed on
Jan 6, 2005
Sold by
Hirotsu Stanford T
Bought by
Mosich Doris and Mosich Dori
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
Sivakumar Walavan -- Equity Title Company
Amin Amar M -- Equity Title Company
Sivakumar Walavan $1,100,000 Equity Title Company
Mosich Doris M -- None Available
Mosich Doris -- --
Mosich Doris $315,000 Ticor Title Co Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sivakumar Walavan $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2020 11/05/20 Sold $1,100,000 -6.4% $319 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
09/14/2020 09/14/20 Price Changed $1,175,000 -5.9% $341 / Sq Ft
07/24/2020 07/24/20 For Sale $1,249,000 -- $362 / Sq Ft
Source: The MLS

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 $14,615 $1,190,673 $757,701 $432,972
2024 $14,615 $1,167,328 $742,845 $424,483
2023 $14,337 $1,144,440 $728,280 $416,160
2022 $13,680 $1,122,000 $714,000 $408,000
2021 $13,504 $1,100,000 $700,000 $400,000
2020 $7,175 $550,201 $374,865 $175,336
2019 $6,906 $539,414 $367,515 $171,899
2018 $6,795 $528,838 $360,309 $168,529
2017 $6,652 $518,470 $353,245 $165,225
2016 $6,473 $508,305 $346,319 $161,986
2015 $6,383 $500,670 $341,117 $159,553
2014 $6,426 $490,863 $334,435 $156,428
Source: Public Records

Agents Affiliated with this Home

  • Leslie Bega

    Seller's Agent in 2020

    Leslie Bega

    Keller Williams Beverly Hills

    (310) 600-6615

    1 in this area

    1 Total Sale

    Leslie Bega
    Section Image

  • B

    Buyer's Agent in 2020

    Brook Billings

    Compass

See All Agents

Map

Source: The MLS

MLS Number: 20-608666

The MLS

APN: 7465-012-008

California Los Angeles County San Pedro 90731

2641 S Pacific Ave, San Pedro, CA

This home is located at 2641 S Pacific Ave, San Pedro, CA 90731 since 24 July 2020 and is currently estimated at $1,330,332, approximately $386 per square foot. This property was built in 1923. 2641 S Pacific Ave is a home located in Los Angeles County with nearby schools including Leland Street Elementary School, Dana Middle School, and San Pedro Senior High School.

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