Seller's Agent in 2021
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
6 in this area
42 Total Sales
425 W 40th St San Pedro, CA 90731
Estimated Value: $1,679,000 - $1,946,000
8
Beds
8
Baths
4,795
Sq Ft
$384/Sq Ft
Est. Value
Highlights
- Bluff View
- Wood Flooring
- Laundry Room
- Property is near a park
- Hiking Trails
About This Home
As of April 2021Beautiful Spanish style 4 plex on a huge lot. Walking distance to Pt. Fermin Parks and Ocean Bluffs. A good unit mix of three 2-bedroom units, with 1.5 baths and a 2-bedroom unit with a 1.75 bath. Views of the harbor and a spacious private yard with a 4-car garage. Two of the units are upstairs with the other two downstairs. Each apartment averages over 1,200 square feet with bedroom, living room, bath, kitchen, and dining nook. The Living rooms have hardwood flooring. All have front doors and back doors the top units open to a large common deck area the bottom units have access to the spacious back yard.This Point Firmen location with views is hard to beat. The location of this great investment opportunity cannot get any better than this. It is only minutes away from local shops and restaurants, the new Port of Los Angeles Waterfront Development, schools, San Pedro Farmers Market and the City Hall.
Last Agent to Sell the Property
Coldwell Banker Commercial License #01484265 Listed on: 03/04/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,994
Year Built
- Built in 1928
Lot Details
- 7,589 Sq Ft Lot
- Two or More Common Walls
Parking
- 1 Open Parking Space
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 4,795 Sq Ft Home
- Living Room with Fireplace
- Wood Flooring
- Bluff Views
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- Exterior Lighting
- Property is near a park
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 8
- Tax Tract Number 11642
- Assessor Parcel Number 7467026009
Community Details
Overview
- 4 Units
Recreation
- Hiking Trails
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $96,468
- Net Operating Income $66,099
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2021
Closed on
Mar 19, 2021
Sold by
Moore Bryan T and Moore Stephanie Loren
Bought by
Tseng & Shang Llc
Seller's Agent
George Bustamante
Coldwell Banker Commercial
Buyer's Agent
Steve Warshauer
Coldwell Banker Commercial
List Price
$1,649,000
Sold Price
$1,600,000
Premium/Discount to List
-$49,000
-2.97%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,423
Avg. Annual Appreciation
3.19%
Purchase Details
Closed on
Aug 18, 2011
Sold by
2768Lp
Bought by
Moore Bryan T and Moore Stephanie Loren
Purchase Details
Closed on
Apr 21, 2011
Sold by
J David & Linda Renee Handwerk Trust
Bought by
2768Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,612
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 26, 2009
Sold by
Handwerk J David and Handwerk Linda Renee
Bought by
Handwerk J David and Handwerk Linda Renee
Purchase Details
Closed on
Jun 16, 2005
Sold by
Handwerk J David and Handwerk Linda R
Bought by
Handwerk J David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jan 18, 2000
Sold by
Handwerk Linda R
Bought by
Handwerk J David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.84%
Mortgage Type
Credit Line Revolving
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tseng & Shang Llc | $1,600,000 | Ticor Title | |
| Moore Bryan T | $670,000 | Lawyers Title | |
| 2768Lp | $505,000 | Lawyers Title Co | |
| Handwerk J David | -- | None Available | |
| Handwerk J David | -- | None Available | |
| Handwerk J David | -- | -- | |
| Handwerk J David | -- | United Title Company | |
| Handwerk J David | -- | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 2768Lp | $510,612 | |
| Previous Owner | Handwerk J David | $95,000 | |
| Previous Owner | Handwerk J David | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2021 04/07/21 | Sold | $1,600,000 | -2.7% | $334 / Sq Ft |
| 03/16/2021 03/16/21 | Pending | -- | -- | -- |
| 03/05/2021 03/05/21 | Price Changed | $1,645,000 | -0.2% | $343 / Sq Ft |
| 03/04/2021 03/04/21 | For Sale | $1,649,000 | -- | $344 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,994 | $1,731,889 | $1,028,309 | $703,580 |
| 2024 | $20,994 | $1,697,932 | $1,008,147 | $689,785 |
| 2023 | $20,589 | $1,664,640 | $988,380 | $676,260 |
| 2022 | $19,636 | $1,632,000 | $969,000 | $663,000 |
| 2021 | $9,715 | $777,464 | $388,732 | $388,732 |
| 2020 | $9,807 | $769,494 | $384,747 | $384,747 |
| 2019 | $9,431 | $754,406 | $377,203 | $377,203 |
| 2018 | $9,314 | $739,614 | $369,807 | $369,807 |
| 2016 | $8,865 | $710,896 | $355,448 | $355,448 |
| 2015 | $8,739 | $700,218 | $350,109 | $350,109 |
| 2014 | $8,790 | $686,502 | $343,251 | $343,251 |
Source: Public Records
Agents Affiliated with this Home
-
George Bustamante
-
Steve Warshauer
Buyer's Agent in 2021
Steve Warshauer
Coldwell Banker Commercial
(562) 495-6070
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21045653
APN: 7467-026-009
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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