NOT LISTED FOR SALE

427 W 22nd St San Pedro, CA 90731

Estimated Value: $1,198,000 - $1,544,903

8 Beds
4 Baths
3,578 Sq Ft
$390/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $980,000 $274 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $8,757/month

9 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • Laundry Room
  • Traditional Architecture
  • No HOA
  • Landscaped

About This Home

As of April 2017

This fantastic property consists of 4, 2 bed, 1 bath units (2 in each building) on a street to alley lot. Three have beautifully remodeled kitchens, remodeled baths and vinyl windows. 2 units have new central air and heat. All units have washer/dryer hook-ups. 2 units share a garage and 2 have dedicated parking spaces, plus there's plenty of curb parking, too. Just minutes from the Marinas, Cabrillo Beach, the 22nd Street Landing, the beautiful 18 acre 22nd Street Park with bike and walking trails, and bocce courts, Crafted at the Port of LA, and the San Pedro Public Market (Port's of Call) re-development area. Great property, great rents, great area, this property is a winner!

Last Agent to Sell the Property

Pam Jensen

Estate Properties License #00951875 Listed on: 02/03/2017

Estate Properties

Last Buyer's Agent

Tom Hernandez

Keller Williams Realty-Studio City License #01128792

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,925

Year Built

  • Built in 1948

Lot Details

  • 5,961 Sq Ft Lot
  • Lot Dimensions are 45x132
  • Property fronts an alley
  • 1 Common Wall
  • Landscaped
  • Corner Lot

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Split Level Home
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,578 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 10
  • Tax Tract Number 8127
  • Assessor Parcel Number 7465004001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,400
  • Water Sewer Expense $2,644
  • New Taxes Expense $11,250
  • Operating Expense $17,014
  • Net Operating Income $55,486

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,925

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2644.00
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7465004001
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Multi/Split
  • Price Per Square Foot: 273.90

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Park Nearby
  • Lot Size: 45X132
  • Lot Size Sq Ft: 5961.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Gross Scheduled Income: 72500.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 55486.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 4
  • Operating Expense: 17014.00
  • Rent Control: Yes
  • Total Actual Rent: 6041.80
  • Total Expenses: 17014.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Census Tract: 2971.20
  • Tax Lot: 10
  • Tax Tract Number: 8127

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2017
Closed on
Mar 2, 2017
Sold by
Hek Realty Group Llc
Bought by
Rubin Sydney
Seller's Agent
Pam Jensen
Estate Properties
Buyer's Agent
Tom Hernandez
Keller Williams Realty-Studio City
List Price
$969,000
Sold Price
$980,000
Premium/Discount to List
$11,000
1.14%
Current Estimated Value
$1,394,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,226
Avg. Annual Appreciation
4.32%
Original Mortgage
$100,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2015
Sold by
Byers Daniel L and Albicker Todd D
Bought by
Hek Realty Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 1999
Sold by
Gomez Frank V and Gomez Living Trust
Bought by
Gomez Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.95%

Purchase Details

Closed on
Nov 30, 1999
Sold by
Hastings Suanne
Bought by
Albicker Todd D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.95%

Purchase Details

Closed on
Nov 3, 1999
Sold by
Family Trust Katnic Terry J And Gina M Trs Ka and Gomez Carol J
Bought by
Byers Daniel L and Albicker Todd D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.95%

Purchase Details

Closed on
May 31, 1993
Sold by
Gomez Frank V and Gomez Living Trust
Bought by
Gomez Carol J
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
Rubin Sydney $980,000 Usa National Title Company
Hek Realty Group Llc $900,000 Ticor Title Company
Gomez Carol J -- Investors Title Company
Albicker Todd D -- Investors Title Company
Byers Daniel L -- Investors Title Company
Byers Daniel L $250,000 Investors Title Company
Gomez Carol J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubin Sydney $516,000
Previous Owner Rubin Sydney $100,000
Previous Owner Hek Realty Group Llc $630,000
Previous Owner Byers Daniel L $367,500
Previous Owner Byers Daniel L $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2017 04/27/17 Sold $980,000 +1.1% $274 / Sq Ft
02/12/2017 02/12/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $969,000 +7.7% $271 / Sq Ft
08/21/2015 08/21/15 Sold $900,000 +1.1% $252 / Sq Ft
05/18/2015 05/18/15 Pending -- -- --
05/05/2015 05/05/15 For Sale $890,000 -- $249 / 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 $13,925 $1,137,368 $673,136 $464,232
2024 $13,925 $1,115,068 $659,938 $455,130
2023 $13,659 $1,093,205 $646,999 $446,206
2022 $13,031 $1,071,770 $634,313 $437,457
2021 $12,861 $1,050,756 $621,876 $428,880
2019 $12,480 $1,019,592 $603,432 $416,160
2018 $12,373 $999,600 $591,600 $408,000
2016 $11,087 $900,000 $500,000 $400,000
2015 $4,171 $319,700 $204,611 $115,089
2014 $4,170 $313,438 $200,603 $112,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17019497

California Regional Multiple Listing Service (CRMLS)

APN: 7465-004-001