NOT LISTED FOR SALE

347 W 17th St San Pedro, CA 90731

Estimated Value: $1,026,457 - $1,076,000

5 Beds
3 Baths
2,886 Sq Ft
$365/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $580,000 $201 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,298/month

50 Days on Market

Highlights

  • Marina
  • 4 Car Direct Access Garage
  • Forced Air Heating System
  • Wood Flooring
  • Laundry Room

About This Home

As of October 2015

Location, Location, Location! Great investment opportunity located in a desired rental area of San Pedro near downtown redevelopment area. Front unit has a beautiful courtyard entrance and classic arched windows. The front unit provides 1,194 sqft of living area with 2 bedrooms and 1 bathroom. Large living room provides ample space for family activities. Bonus basement for extra storage. The rear 2-stories unit was built in 1988, providing 1,692 sqft of living area with 3 bedrooms and 2.5 bathrooms. Huge master bedroom with walk-in closet and bathroom. The other 2 bedrooms are also very spacious and have large closets. A 4 car garage provides ample parking and storage space for both units. Close to marinas, bike and walking path, 22nd Street Park and Cabrillo Beach.

Last Agent to Sell the Property

Sam Lou

Berkshire Hathaway HomeServices California Properties License #01221157 Listed on: 06/16/2015

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Albert Lou

Berkshire Hathaway HomeServices California Properties License #01949684

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,488

Year Built

  • Built in 1905

Lot Details

  • 5,001 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,886 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 2971
  • Assessor Parcel Number 7456027008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Marina

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $800
  • Water Sewer Expense $960
  • New Taxes Expense $5,318
  • Gross Income $3,500
  • Net Operating Income $34,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,488

Year Built

Built in 1905

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 960.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7456027008
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 200.97
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Door Opener, On Site
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Size Sq Ft: 5001.00
  • Price Per Lot Square Foot: 115.98
  • Lot Size Acres: 0.1150

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5001.0000 Square Feet
  • Net Operating Income: 34202.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7798.00
  • Rent Control: No
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 5318.00
  • Tax Area: 14
  • Tax Lot: 8
  • Tax Tract Number: 2971

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2015
Closed on
Aug 18, 2015
Sold by
Graves Richard and Graves Cindy
Bought by
Lou Sam Chi Lan and Lou Shirley Cheok Leng
Seller's Agent
Sam Lou
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Albert Lou
Berkshire Hathaway HomeServices California Properties
List Price
$659,000
Sold Price
$580,000
Premium/Discount to List
-$79,000
-11.99%
Current Estimated Value
$1,054,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,614
Avg. Annual Appreciation
6.14%

Purchase Details

Closed on
Jan 2, 2013
Sold by
Graves Richard F and Graves Cindy
Bought by
Graves Richard and Graves Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2010
Sold by
Tam Frances
Bought by
The Frances Tam Living Trust

Purchase Details

Closed on
Jul 29, 2009
Sold by
Shepardson Douglas E
Bought by
Tam Frances and Shepardson Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,272
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2009
Sold by
Shepardson Winnie
Bought by
Shepardson Douglas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,272
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2009
Sold by
Graves Richard F and Graves Cindy
Bought by
Graves Richard F and Graves Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,272
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2007
Sold by
Shepardson Douglas
Bought by
Shepardson Douglas

Purchase Details

Closed on
Nov 14, 2005
Sold by
Graves Richard F and Graves Cindy
Bought by
Graves Richard F and Graves Cindy

Purchase Details

Closed on
Nov 15, 2004
Sold by
Shepardson Douglas E and Shepardson Frances
Bought by
Shepardson Douglas E and Shepardson Frances

Purchase Details

Closed on
Feb 25, 2003
Sold by
Shepardson Douglas E and Shepardson Frances
Bought by
Shepardson Douglas E and Shepardson Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.96%

Purchase Details

Closed on
Jan 10, 2003
Sold by
Graves Richard F and Graves Cindy
Bought by
Shepardson Douglas E and Shepardson Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.96%
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
Lou Sam Chi Lan $580,000 Ticor Title Company
Graves Richard -- Servicelink
The Frances Tam Living Trust -- None Available
Tam Frances -- North American Title Company
Shepardson Douglas E -- North American Title Company
Graves Richard F -- North American Title Company
Shepardson Douglas -- None Available
Graves Richard F -- --
Shepardson Douglas E -- --
Shepardson Douglas E -- Chicago Title Co
Shepardson Douglas E -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Graves Richard $164,000
Previous Owner Graves Richard F $167,272
Previous Owner Shepardson Douglas E $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2015 10/01/15 Sold $580,000 -12.0% $201 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $659,000 -- $228 / 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 $8,488 $686,595 $378,812 $307,783
2024 $8,488 $673,134 $371,385 $301,749
2023 $8,328 $659,936 $364,103 $295,833
2022 $7,946 $646,997 $356,964 $290,033
2021 $7,838 $634,312 $349,965 $284,347
2020 $7,913 $627,809 $346,377 $281,432
2019 $7,607 $615,500 $339,586 $275,914
2018 $7,510 $603,432 $332,928 $270,504
2017 $7,347 $591,600 $326,400 $265,200
2016 $7,158 $580,000 $320,000 $260,000
2015 $6,399 $516,236 $147,159 $369,077
2014 $5,318 $415,000 $137,000 $278,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15130463

California Regional Multiple Listing Service (CRMLS)

APN: 7456-027-008