NOT LISTED FOR SALE

4051 Bluff Place San Pedro, CA 90731

Estimated Value: $1,551,000 - $1,708,303

7 Beds
4 Baths
4,224 Sq Ft
$390/Sq Ft Est. Value

Last Sold May 09, 2014

Last sale price $875,000 $207 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $10,108/month

37 Days on Market

Highlights

  • Marina View
  • Sun or Florida Room
  • Walk-In Closet
  • Cape Cod Architecture
  • No HOA
  • Laundry Room

About This Home

As of May 2014

LOCATION...LOCATION....LOCATION!!! Across the street from the ocean, this charming Craftsman, circa 1919, has incredible views of ocean and Catalina Island and is steps away from one of California's premiere surfing/windsurfing beaches. All units have original hardwood flooring, Sautillo tiled sunrooms and kitchens and remodeled baths. Kitchens have also been remodeled with tile counters, dishwashers, stoves and stack washer/dryer in each unit. Upper 3-bedroom and 2-bedroom units have incredible views, faux fireplaces, ceiling fans, enclosed sunrooms & newer vinyl windows and have been freshly painted. Lower 1-bedroom units are spacious with enclosed sunporches and built-in china cabinetry for storage. Amazingly large closets too! There are 3 garages and 5 off-street parking spaces. Electrical and plumbing have been upgraded. Building was re-sided last month. This is a one-of-a-kind property in a very unique area!

Last Agent to Sell the Property

Sharon McHale

Estate Properties License #01214227 Listed on: 03/10/2014

Last Buyer's Agent

Andrea Kowalski

Andrea Kowalski License #01380823

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,747

Year Built

  • Built in 1919

Lot Details

  • 6,300 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Property Views

  • Marina
  • Coastline
  • Harbor
  • Catalina
  • Panoramic
  • Bluff

Home Design

  • Cape Cod Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,224 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Casement Windows
  • Living Room with Fireplace
  • Sun or Florida Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 3381
  • Assessor Parcel Number 7467026007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,500
  • Insurance Expense $1,500
  • New Taxes Expense $11,237
  • Operating Expense $14,487
  • Gross Income $300
  • Net Operating Income $55,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,747

Year Built

Built in 1919

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 7467026007
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Decorative, Living Room
  • Levels: Two
  • Price Per Square Foot: 207.15
  • Room Type: Living Room, Walk-In Closet, Sun
  • Window Features: Casement Windows

Exterior Features

  • View: Bluff, Catalina, Coastline, Harbor, Marina, Panoramic, Water
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Uncovered
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Individual Room, Stackable, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6300.00
  • Lot Size Acres: 0.1450

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 900
  • Average2 Bed Area: 1100
  • Average3 Bed Area: 1324
  • Gross Income: 300.00
  • Gross Scheduled Income: 56700.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6300.0000 Square Feet
  • Net Operating Income: 55500.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 3
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 1200.00
  • Rent Control: Yes
  • Total Actual Rent: 4725.00
  • Total Expenses: 14487.00

Tax Info

  • New Taxes Expense: 11237.00
  • Tax Lot: 1
  • Tax Tract Number: 3381
  • Tax Annual Amount: 4747.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2015
Sold by
Klein Jeffrey N and Klein Kris M
Bought by
Jakks Inc
Current Estimated Value
$1,647,576

Purchase Details

Listed on
Mar 10, 2014
Closed on
May 5, 2014
Sold by
Mchale Sharon and The Mchale Living Trust
Bought by
Cal Tron Equipment Co Lp
Seller's Agent
Sharon McHale
Estate Properties
Buyer's Agent
Andrea Kowalski
Andrea Kowalski
List Price
$899,000
Sold Price
$875,000
Premium/Discount to List
-$24,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Dec 22, 2009
Sold by
Mchale Sharon
Bought by
Mchale Sharon and Mchale Living Trust

Purchase Details

Closed on
Jun 13, 2001
Sold by
Law Jacqueline C and Jacqueline C Law Trust
Bought by
Mchale Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2001
Sold by
Mchale Richard William
Bought by
Mchale Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2000
Sold by
Mchale Sharon
Bought by
Law Jacqueline C and Jacqueline C Law Trust

Purchase Details

Closed on
Apr 10, 2000
Sold by
Mchale Richard W
Bought by
Mchale Sharon

Purchase Details

Closed on
Aug 7, 1997
Sold by
Clark Emmett and Clark Patricia
Bought by
Mchale Richard W and Mchale Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.05%
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
Jakks Inc -- None Available
Klein Jeffrey N -- None Available
Cal Tron Equipment Co Lp $879,000 Fidelity National Title Co
Mchale Sharon -- Fidelity National Title Co
Mchale Sharon -- None Available
Mchale Sharon -- First American Title Co
Mchale Sharon -- First American Title Co
Law Jacqueline C -- --
Mchale Sharon -- Fidelity Title
Mchale Richard W $275,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mchale Sharon $206,391
Previous Owner Mchale Sharon $103,000
Previous Owner Mchale Sharon $250,000
Previous Owner Mchale Sharon $230,000
Previous Owner Mchale Sharon $230,000
Previous Owner Mchale Richard W $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2014 05/09/14 Sold $875,000 -2.7% $207 / Sq Ft
04/16/2014 04/16/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $899,000 -- $213 / 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 $13,777 $1,124,602 $473,516 $651,086
2024 $13,777 $1,102,552 $464,232 $638,320
2023 $13,514 $1,080,934 $455,130 $625,804
2022 $12,892 $1,059,740 $446,206 $613,534
2021 $12,719 $1,038,961 $437,457 $601,504
2019 $12,342 $1,008,507 $424,483 $584,024
2018 $12,240 $988,740 $416,160 $572,580
2016 $11,674 $950,000 $400,000 $550,000
2015 $11,038 $896,562 $356,993 $539,569
2014 $4,747 $358,195 $227,944 $130,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14049103

California Regional Multiple Listing Service (CRMLS)

APN: 7467-026-007