NOT LISTED FOR SALE

340 W 11th St San Pedro, CA 90731

3 Beds
3 Baths
4,736 Sq Ft
5,006 Sq Ft Lot Lot

Sale Details

Date Sold: August 19, 2021

Last sale price $1,395,000 $295 Per Sq Ft

34 Days on Market

Highlights

  • Rectangular Lot
  • San Pedro Senior High School Rated A-
  • 3-minute walk to Anderson Memorial Playground

About This Home

As of August 2021

The property is a two-story 1964 construction with four two-bedroom/one-bath units, two one-bedroom/one-bath units, and a non-conforming studio that a new investor may be able to legalize utilizing new ADU laws (buyer to verify). The building is securely gated, separately metered for gas and electricity, and offers shared on-site laundry, three single-car garages, and one two-car garage.

340 West 11th Street has been well-maintained and boasts numerous recent upgrades that include a complete $60,000 soft-story retrofit, hard-wired smoke alarms and gas shut-off valves to meet city code, a new central water heater. Additionally, Unit F has been renovated in the past year with new flooring, light fixtures, paint, blinds, and a new stove.

With 46 percent overall potential upside in rents, 340 West 11th Street is an excellent value-add opportunity in a dense rental market that is undergoing major redevelopment.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/08/2021

Co-Listed By

David O'Keefe

Marcus & Millichap License #01928739

Last Buyer's Agent

Nitanth Reddy

RE/MAX CHAMPIONS License #02120393

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,006 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 5 Car Garage

Home Design

  • 4,736 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry in unit
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 15 / 36
  • Assessor Parcel Number 7456002015

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Operating Expense $44,079
  • Gross Income $101,840
  • Net Operating Income $57,761

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,006 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 4.14
  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7456002015
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 294.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5006.00
  • Lot Size Acres: 0.1149

Multi Family

  • Gross Income: 101840.00
  • Gross Multiplier: 13.55
  • Gross Scheduled Income: 102936.00
  • Laundry Income: 1992.00
  • Lot Size Area: 5006.0000 Square Feet
  • Net Operating Income: 57761.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 44079.00
  • Rent Control: Yes
  • Total Expenses: 44079.00

Tax Info

  • Tax Block: 36
  • Tax Census Tract: 2971.10
  • Tax Lot: 15
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/19/2021 08/19/21 Sold $1,395,000 0.0% $295 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $1,395,000 -- $295 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,603 $1,480,384 $902,026 $578,358
2024 $18,362 $1,451,358 $884,340 $567,018
2023 $18,016 $1,422,900 $867,000 $555,900
2022 $17,199 $1,395,000 $850,000 $545,000
2021 $12,069 $949,959 $666,223 $283,736
2020 $12,182 $940,419 $659,392 $281,027
2019 $11,723 $921,984 $646,463 $275,521
2018 $11,632 $903,911 $633,788 $270,123
2017 $11,344 $885,992 $621,361 $264,631
2016 $11,056 $868,621 $609,178 $259,443
2015 $10,902 $855,574 $600,028 $255,546
2014 $9,249 $838,816 $588,275 $250,541
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21123513

California Regional Multiple Listing Service (CRMLS)
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