NOT LISTED FOR SALE

425 W Ofarrell St San Pedro, CA 90731

Estimated Value: $725,000 - $795,000

3 Beds
2 Baths
1,326 Sq Ft
$571/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $430,000 $324 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,467/month

94 Days on Market

Highlights

  • Gated Parking
  • Laundry Room
  • Tile Flooring
  • Private Yard

About This Home

As of August 2017

This classic turn-of-the-century home and rear studio are located in the heart of Los Angeles Harbor. Walking distance to the Bridge to Breakwater Promenade, Fanfare Fountains, USS Iowa, historical landmarks, museums, one-of-a-kind art galleries, shops and restaurants, unique San Pedro treasures and the $150 million dollar Ports O' Call redevelopment project slated to begin this year. Built in 1905, the vintage front house features enclosed front & side yards, gated porch, living room with alcove and laminate floors. Charming arched doorway leads to dining area with ceiling fan and bright alcove. Kitchen with tile floors and counters, separate laundry room. Rear unit is a detached sunny, south-facing studio. Kitchen and bathroom have tile counters and floors. Shared gated parking accessible from side and rear alleys. Good rents, needs some TLC but has great potential.

Last Agent to Sell the Property

Melissa McLean

Estate Properties License #01300556 Listed on: 03/10/2017

Estate Properties

Last Buyer's Agent

Clarence Johnson

Realty One Group United License #01942911

Realty One Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,937

Year Built

  • Built in 1905

Lot Details

  • 5,001 Sq Ft Lot
  • No Common Walls
  • Private Yard

Home Design

  • 1,326 Sq Ft Home
  • Duplex

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • Parking Available
  • No Driveway
  • Gated Parking

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 7449011008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • Gardener Expense $590
  • Insurance Expense $1,191
  • Trash Expense $142
  • Water Sewer Expense $1,228
  • Operating Expense $12,477
  • Gross Income $27,083
  • Net Operating Income $14,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,937

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1227.70
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 590.00
  • Parcel Number: 7449011008
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 324.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: No Driveway, Gated

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 142.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5001.00

Multi Family

  • Gross Operating Income: 27083.00
  • Gross Scheduled Income: 26810.00
  • Insurance Expense: 1191.00
  • Net Operating Income: 14145.00
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 12477.41

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2020
Sold by
Ndupu Chibuzo and Popular Jessica
Bought by
Ndupu Chibuzo and Poplar Jessica
Current Estimated Value
$757,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Outstanding Balance
$362,172
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$395,138

Purchase Details

Closed on
May 5, 2018
Sold by
Rosario Esparza Miguel and Rosario Leon
Bought by
Rosario Esparza Miguel A and Rosario Leon

Purchase Details

Closed on
Jun 20, 2017
Sold by
Avila Donna
Bought by
Avila Manuel Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,211
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 2017
Sold by
Avila Manuel M and The Avila Trust
Bought by
Ndupu Chibuzo and Poplar Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,211
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 25, 2008
Sold by
Bene Avila Gary James and Bene Gary James Avila Lifetime
Bought by
Avila Manuel Mark

Purchase Details

Closed on
Aug 11, 2005
Sold by
Avila Manuel L and Avila Trust
Bought by
Anthony Richard Avila Lifetime Benefit T and Mark Joseph Avila Lifetime Benefit Trust

Purchase Details

Closed on
Aug 21, 2003
Sold by
Avila Manuel M
Bought by
Avila Manuel M and Avila Trust

Purchase Details

Closed on
Dec 29, 2000
Sold by
Avila Anna J
Bought by
Avila Anna J and Avila Manuel M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ndupu Chibuzo -- Chicago Title Company
Rosario Esparza Miguel A -- None Available
Avila Manuel Mark -- First American Title Company
Ndupu Chibuzo $430,000 Fatcola
Avila Manuel Mark -- None Available
Anthony Richard Avila Lifetime Benefit T -- --
Avila Manuel M -- --
Avila Anna Jean -- --
Avila Anna J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ndupu Chibuzo $407,000
Previous Owner Ndupu Chibuzo $422,211
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2017 08/31/17 Sold $430,000 +3.6% $324 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $415,000 -- $313 / 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 $5,937 $489,261 $233,252 $256,009
2024 $5,937 $479,669 $228,679 $250,990
2023 $5,823 $470,265 $224,196 $246,069
2022 $5,553 $461,045 $219,800 $241,245
2021 $5,481 $452,006 $215,491 $236,515
2020 $5,533 $447,372 $213,282 $234,090
2019 $5,316 $438,600 $209,100 $229,500
2018 $5,220 $430,000 $205,000 $225,000
2016 $2,100 $164,724 $103,791 $60,933
2015 $2,071 $162,250 $102,232 $60,018
2014 $2,074 $159,073 $100,230 $58,843
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17049880

California Regional Multiple Listing Service (CRMLS)

APN: 7449-011-008