NOT LISTED FOR SALE

331 W 11th St San Pedro, CA 90731

Estimated Value: $1,090,000 - $1,262,000

9 Beds
5 Baths
3,726 Sq Ft
$321/Sq Ft Est. Value

Last Sold August 30, 2017

Last sale price $840,000 $225 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $7,278/month

85 Days on Market

About This Home

As of August 2017

Amazing 4 unit income property with available front unit for owner occupy!! Located minutes from Ports o Call and downtown. Rear alley entrance with large gate, each unit has 1 covered carport with own storage cabinet. There is a laundry room for tennants, but is currently being used for maintenance supplies. The 3 tennants are month to month and happy to stay. The front unit will be vacant by COE. The front unit features a fireplace, front patio area, there have been some updates such as flooring a few years ago and painting this month. The common area is beautifully lanscaped, well-maintained and has been recently repainted, featuring recently updated vinyl dual pane windows and water heater. A brand new roof was installed just two weeks ago. Owner loves to keep property in tip-top shape and wants to make sure its sold that way too! This property is also built in the 60's and is much newer than most in area, great long term-investment!!

Last Agent to Sell the Property

win hartranft

Keller Williams Realty License #01947257 Listed on: 04/21/2017

Keller Williams Realty

Last Buyer's Agent

Mary Stansbury

Real Estate Of South Bay, Inc. License #00611139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,001 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 3,726 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 11 / 35
  • Assessor Parcel Number 7456006011

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $1,000
  • Trash Expense $480
  • Water Sewer Expense $1,600
  • New Taxes Expense $3,700
  • Operating Expense $6,980
  • Gross Income $66,600
  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

5,001 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 1600.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7456006011
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 225.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5001.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 66600.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 67200.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2400.00
  • Rent Control: Yes
  • Total Expenses: 6980.00

Tax Info

  • New Taxes Expense: 3700.00
  • Tax Block: 35
  • Tax Census Tract: 2971.10
  • Tax Lot: 11
  • Tax Tract Number: C007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2017
Closed on
Jul 18, 2017
Sold by
Martinez David and Martinez Maria D
Bought by
Fine Brandt and Hillier Jeanne
Seller's Agent
win hartranft
Keller Williams Realty
Buyer's Agent
Mary Stansbury
Real Estate Of South Bay, Inc.
List Price
$899,000
Sold Price
$840,000
Premium/Discount to List
-$59,000
-6.56%
Current Estimated Value
$1,195,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,174
Avg. Annual Appreciation
4.20%
Original Mortgage
$630,000
Outstanding Balance
$523,165
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$672,009

Purchase Details

Closed on
Mar 5, 1997
Sold by
2974 Properties Inc
Bought by
Martinez David and Martinez Maria D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,802
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 9, 1995
Sold by
Cooper Robert S and Cooper Linda A
Bought by
2974 Properties Inc and Rmf Enterprise Inc

Purchase Details

Closed on
Feb 7, 1995
Sold by
Cooper Robert S and Cooper Linda A
Bought by
Liebling Stanley and Liebling Ruth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fine Brandt $840,000 Chicago Title Company
Martinez David $205,000 --
2974 Properties Inc $136,135 --
Liebling Stanley $112,417 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fine Brandt $630,000
Previous Owner Martinez David $197,802
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2017 08/30/17 Sold $840,000 -4.4% $225 / Sq Ft
07/15/2017 07/15/17 Pending -- -- --
07/02/2017 07/02/17 Price Changed $879,000 -2.2% $236 / Sq Ft
05/13/2017 05/13/17 Price Changed $899,000 0.0% $241 / Sq Ft
05/13/2017 05/13/17 For Sale $899,000 +7.0% $241 / Sq Ft
04/28/2017 04/28/17 Off Market $840,000 -- --
04/21/2017 04/21/17 For Sale $885,000 -- $238 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,903 $955,773 $500,643 $455,130
2024 $11,747 $937,033 $490,827 $446,206
2023 $11,524 $918,660 $481,203 $437,457
2022 $10,995 $900,648 $471,768 $428,880
2021 $10,846 $882,989 $462,518 $420,471
2020 $10,952 $873,936 $457,776 $416,160
2019 $10,526 $856,800 $448,800 $408,000
2018 $10,410 $840,000 $440,000 $400,000
2017 $3,792 $287,670 $175,412 $112,258
2016 $3,665 $282,030 $171,973 $110,057
2015 $3,615 $277,794 $169,390 $108,404
2014 $3,619 $272,353 $166,072 $106,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17086031

California Regional Multiple Listing Service (CRMLS)

APN: 7456-006-011

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