Seller's Agent in 2024
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
25 in this area
96 Total Sales
301 S Cabrillo Ave San Pedro, CA 90731
Estimated Value: $1,036,436 - $2,219,000
8
Beds
8
Baths
8,596
Sq Ft
$175/Sq Ft
Est. Value
Highlights
- 0.29 Acre Lot
- Laundry Room
- Bike Trail
- No HOA
- 9 Car Garage
- Wall Furnace
About This Home
As of March 2024301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan or
individually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and is
perfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWP
bill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garages
present a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey within
proximity to various amenities and attractions and a short distance to the 110 Fwy.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3108017373 License #01315042 Listed on: 02/01/2024
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3108017373 License #01315042 Listed on: 02/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,137
Year Built
- Built in 1922
Lot Details
- 0.29 Acre Lot
- Two or More Common Walls
- 7451021026
Parking
- 9 Car Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 8,596 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 26 / P
- Tax Tract Number 3
- Assessor Parcel Number 7451021025
- $623 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Recreation
- Bike Trail
Building Details
- 7 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $7,736
- Maintenance Expense $5,200
- Water Sewer Expense $4,800
- Operating Expense $46,436
- Gross Income $137,160
- Net Operating Income $83,866
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2024
Closed on
Mar 18, 2024
Sold by
Shokrai Hom
Bought by
Fimm Investments Llc
Seller's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,200,000
Sold Price
$2,070,000
Premium/Discount to List
-$130,000
-5.91%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$565,891
Avg. Annual Appreciation
-19.53%
Original Mortgage
$2,145,000
Outstanding Balance
$249,200
Interest Rate
6.77%
Mortgage Type
Construction
Estimated Equity
$1,254,909
Purchase Details
Closed on
Feb 13, 2006
Sold by
Shokrai Hom and Shokrai Hom T
Bought by
Shokrai Hom T and Hom T Shokrai 2006 Living Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fimm Investments Llc | $1,035,000 | First American Title | |
| Shokrai Hom T | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fimm Investments Llc | $2,145,000 | |
| Previous Owner | Shokrai Hom | $230,000 | |
| Previous Owner | Shokrai Hom | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $2,070,000 | -5.9% | $241 / Sq Ft |
| 02/01/2024 02/01/24 | For Sale | $2,200,000 | -- | $256 / 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 | $5,137 | $1,055,700 | $612,000 | $443,700 |
| 2024 | $5,137 | $375,508 | $165,434 | $210,074 |
| 2023 | $5,048 | $368,146 | $162,191 | $205,955 |
| 2022 | $4,830 | $360,928 | $159,011 | $201,917 |
| 2021 | $4,749 | $353,852 | $155,894 | $197,958 |
| 2019 | $4,617 | $343,359 | $151,271 | $192,088 |
| 2018 | $4,502 | $336,627 | $148,305 | $188,322 |
| 2016 | $4,264 | $323,558 | $142,548 | $181,010 |
| 2015 | $4,207 | $318,699 | $140,407 | $178,292 |
| 2014 | $4,246 | $312,457 | $137,657 | $174,800 |
Source: Public Records
Agents Affiliated with this Home
-
Olga Wright
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24023071
APN: 7451-021-025
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