NOT LISTED FOR SALE

423 W 11th St San Pedro, CA 90731

Estimated Value: $993,000 - $1,915,000

6 Beds
6 Baths
4,672 Sq Ft
$286/Sq Ft Est. Value

Last Sold August 11, 2021

Last sale price $1,350,000 $289 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,750/month

2 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • 3-minute walk to Anderson Memorial Playground
  • Lawn

About This Home

As of August 2021

**SIX UNITS / SIX INDIVIDUAL HOUSES FOR SALE!** Properties are Well Maintained and Settled on Two Separate Lots for a Combined Total of 10,000sqft! All Units are Tenant Occupied and Generating Rental Income. Each House is One Bedroom & One Bath with Washer and Dryer Hookups. Located on Historical Vinegar Hill and Walking Distance from Downtown San Pedro's Shops and Restaurants. Perfect Opportunity to Invest in San Pedro Just Walking Distance Away from the Up and Coming LA Waterfront Development!

Last Agent to Sell the Property

Antonio Amalfitano

West Shores Realty, Inc. License #01795878 Listed on: 06/29/2021

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,792

Year Built

  • Built in 1918

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 80 x 125
  • No Common Walls
  • Lawn
  • 7456007011

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • 4,672 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 12 / 12
  • Tax Tract Number 37130
  • Assessor Parcel Number 7456007012

Community Details

Overview

  • 6 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $3,000
  • Maintenance Expense $3,000
  • Water Sewer Expense $4,200
  • New Taxes Expense $16,200
  • Operating Expense $26,400
  • Gross Income $81,000
  • Net Operating Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,792

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7456007012
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 288.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 1.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7456007011
  • Land Lease: No
  • Lot Features: Lawn, Lot 6500-9999, Near Public Transit
  • Lot Size: 80 x 125
  • Lot Size Sq Ft: 10000.00
  • Lot Size Acres: 0.2296
  • Latitude Manual: 33.73399000

Multi Family

  • Gross Income: 81000.00
  • Gross Multiplier: 16.70
  • Gross Operating Income: 81000.00
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 10000.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 54600.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 26400.00
  • Rent Control: Yes
  • Total Actual Rent: 81000.00
  • Total Expenses: 26400.00

Tax Info

  • New Taxes Expense: 16200.00
  • Tax Block: 12
  • Tax Census Tract: 2971.10
  • Tax Lot: 12
  • Tax Tract Number: 37130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 4, 2021
Sold by
Onorato Antoinette and Onorato Family Trust
Bought by
Karlan Investments Llc
Seller's Agent
Antonio Amalfitano
West Shores Realty, Inc.
List Price
$1,350,000
Sold Price
$1,350,000
Current Estimated Value
$1,338,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,000
Avg. Annual Appreciation
-0.21%
Original Mortgage
$420,000
Outstanding Balance
$381,910
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$956,090

Purchase Details

Closed on
Feb 11, 2005
Sold by
Ororato Carmine and Onorato Nancy
Bought by
Onorato Nancy and Onorato Family Trust

Purchase Details

Closed on
May 11, 2000
Sold by
Family Trust Di Meglio F And T Trs Di Meg and Onorato Carmine
Bought by
Onorato Carmine and Onorato Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.2%

Purchase Details

Closed on
Nov 18, 1994
Sold by
Dimeglio Teresa
Bought by
Dimeglio Frank and Dimeglio Teresa
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
Karlan Investments Llc $1,350,000 Ticor Title Company
Onorato Nancy -- --
Onorato Carmine -- Fidelity National Title Co
Dimeglio Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karlan Investments Llc $420,000
Previous Owner Onorato Carmine $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2021 08/11/21 Sold $1,350,000 0.0% $289 / Sq Ft
06/29/2021 06/29/21 For Sale $1,350,000 -- $289 / 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 $8,792 $716,315 $451,013 $265,302
2024 $8,792 $702,270 $442,170 $260,100
2023 $8,624 $688,500 $433,500 $255,000
2022 $8,227 $675,000 $425,000 $250,000
2021 $3,257 $248,037 $123,749 $124,288
2020 $3,284 $245,495 $122,481 $123,014
2019 $3,165 $240,682 $120,080 $120,602
2018 $3,079 $235,964 $117,726 $118,238
2017 $132 $231,338 $115,418 $115,920
2016 $2,921 $226,803 $113,155 $113,648
2015 $2,881 $223,397 $111,456 $111,941
2014 $2,882 $219,022 $109,273 $109,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21141751

California Regional Multiple Listing Service (CRMLS)

APN: 7456-007-012