NOT LISTED FOR SALE

422 W 40th St San Pedro, CA 90731

Estimated Value: $918,000 - $1,049,000

2 Beds
2 Baths
1,629 Sq Ft
$598/Sq Ft Est. Value

Sale Details

Date Sold: July 8, 2025

Last sale price $990,000 $608 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,809 / mo

14 Days on Market

Highlights

  • Laundry Room
  • San Pedro Senior High School Rated A-
  • 1-Story Property

About This Home

As of July 2025

Don’t miss this unique opportunity to own a beautiful Cape Cod-style property located in the desirable Point Fermin neighborhood. This versatile property features two separate homes on one lot. Both units are currently occupied. The front house is a delightful 2-bedroom, 1-bathroom residence with with in-unit laundry. Nestled at the back of the property is a cozy studio unit with 1 bathroom, currently rented. Located just minutes from Point Fermin Park, the beach, local shops, and restaurants, this property offers the best of coastal living.

Last Agent to Sell the Property

Nicole Pletkovich

Keller Williams Realty Brokerage Phone: 424-558-0476 License #02015236 Listed on: 05/22/2025

Keller Williams Realty

Co-Listed By

Gordon Inman

Keller Williams Realty Brokerage Phone: 424-558-0476 License #00446156

Last Buyer's Agent

Sergio Scerra

Cali Keys Realty License #01969977

Cali Keys Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 6,304 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,629 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 7467023021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $45,840

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

6,304 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7467023021
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 607.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6304.00
  • Lot Size Acres: 0.1447

Multi Family

  • Gross Income: 45840.00
  • Gross Scheduled Income: 45840.00
  • Lot Size Area: 6304.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2025
Closed on
Jun 25, 2025
Sold by
Parks Charles E and Fa Sandra
Bought by
Smith Todd P and Smith Cindi M
Seller's Agent
Nicole Pletkovich
Keller Williams Realty
Buyer's Agent
Sergio Scerra
Cali Keys Realty
List Price
$995,000
Sold Price
$990,000
Premium/Discount to List
-$5,000
-0.5%
Views
56
Current Estimated Value
$974,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,052
Avg. Annual Appreciation
-1.81%
Original Mortgage
$792,000
Outstanding Balance
$789,308
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$185,640

Purchase Details

Closed on
Feb 25, 2011
Sold by
Parks John David
Bought by
Parks Charles E and Parks Sandra J

Purchase Details

Closed on
Feb 23, 2011
Sold by
Parks Charles E and Parks Sandra J
Bought by
Fer Pete and Fer Survivors Marital Trust

Purchase Details

Closed on
Jun 25, 1998
Sold by
Parks Charles E and Parks Sandra J
Bought by
Parks Charles E and Parks Sandra J

Purchase Details

Closed on
Jul 15, 1997
Sold by
Fer Pete and Fer Margaret T
Bought by
Fer Pete and Fer Margaret T
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

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 Buyer Sale Price Title Company
Smith Todd P $990,000 Fidelity National Title
Parks Charles E -- None Available
Fer Pete -- None Available
Parks Charles E -- --
Fer Pete -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open Smith Todd P $792,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2025 07/08/25 Sold $990,000 -0.5% $608 / Sq Ft
06/05/2025 06/05/25 Pending -- -- --
05/22/2025 05/22/25 For Sale $995,000 -- $611 / 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 $7,254 $593,986 $384,731 $209,255
2024 $7,254 $582,340 $377,188 $205,152
2023 $7,115 $570,923 $369,793 $201,130
2022 $6,785 $559,730 $362,543 $197,187
2021 $4,607 $370,814 $224,820 $145,994
2020 $4,651 $367,013 $222,515 $144,498
2019 $4,471 $359,817 $218,152 $141,665
2018 $4,411 $352,763 $213,875 $138,888
2016 $4,205 $339,067 $205,571 $133,496
2015 $4,145 $333,975 $202,484 $131,491
2014 $4,170 $327,434 $198,518 $128,916
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV25110952

California Regional Multiple Listing Service (CRMLS)

APN: 7467-023-021

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