NOT LISTED FOR SALE

437 W 11th St San Pedro, CA 90731

Estimated Value: $1,030,000 - $1,263,000

5 Beds
3 Baths
4,014 Sq Ft
$282/Sq Ft Est. Value

Last Sold October 10, 2014

Last sale price $580,000 $144 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $6,657/month

216 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Laundry Room
  • Private Yard
  • Cooling Available
  • 4-minute walk to Anderson Memorial Playground

About This Home

As of October 2014

4 units very well kept. All units have ceramic tile floors in living room, kitchen and bathroom. Bedrooms have hardwood floors.

Last Agent to Sell the Property

Socorro Marron

First Family REALTORS License #01176964 Listed on: 09/20/2014

Last Buyer's Agent

Socorro Marron

First Family REALTORS License #01176964 Listed on: 09/20/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,704

Year Built

  • Built in 1964

Lot Details

  • 5,002 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 4,014 Sq Ft Home
  • Contemporary Architecture
  • Property Attached
  • Raised Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 10
  • Tax Tract Number 12
  • Assessor Parcel Number 7456007010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $342
  • Insurance Expense $1,600
  • Trash Expense $287
  • Water Sewer Expense $2,964
  • New Taxes Expense $5,831
  • Gross Income $3,700
  • Net Operating Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,704

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2964.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7456007010
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 144.49

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Inside
  • Trash Expense: 287.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 5002.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 342.00
  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5002.0000 Square Feet
  • Net Operating Income: 44400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5831.00
  • Tax Lot: 10
  • Tax Tract Number: 12
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2023
Sold by
Wehbe Aldahara Gidaltty and Wehbe Michael Samir
Bought by
Wehbe Michael Samir
Current Estimated Value
$1,131,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Outstanding Balance
$617,343
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving
Estimated Equity
$513,657

Purchase Details

Listed on
Sep 20, 2014
Closed on
Sep 30, 2014
Sold by
Alfaro Rafael Vargas
Bought by
Wehbe Michael Samir
Seller's Agent
Socorro Marron
First Family REALTORS
Buyer's Agent
Socorro Marron
First Family REALTORS
List Price
$479,000
Sold Price
$580,000
Premium/Discount to List
$101,000
21.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$435,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2006
Sold by
Alfaro Rafael Vargas and Vargas Estela
Bought by
Alfaro Rafael Vargas

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
6.57%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 2, 2005
Sold by
Lazarte Lawrence M and Lazarte Felipe E
Bought by
Alfaro Rafael Vargas and Vargas Estela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2004
Sold by
Nobilione Joseph M and John Nobilione Family Trust
Bought by
Nobilione Joseph M and Nobilione John A

Purchase Details

Closed on
Aug 24, 1994
Sold by
Hreha Beverly S
Bought by
Lazarte Lawrence M and Lazarte Felipe E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,569
Interest Rate
8.54%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Wehbe Michael Samir -- Wfg National Title
Wehbe Michael Samir $580,000 Fatcola
Alfaro Rafael Vargas -- Fidelity National Title Co
Alfaro Rafael Vargas $640,000 First American Title
Vargas Estela -- First American Title Company
Nobilione Joseph M -- --
Lazarte Lawrence M $205,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wehbe Michael Samir $635,000
Previous Owner Wehbe Michael Samir $435,000
Previous Owner Alfaro Rafael Vargas $630,000
Previous Owner Alfaro Rafael Vargas $512,000
Previous Owner Lazarte Lawrence M $198,569
Closed Alfaro Rafael Vargas $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2014 10/10/14 Sold $580,000 +21.1% $144 / Sq Ft
10/03/2014 10/03/14 Pending -- -- --
03/01/2014 03/01/14 For Sale $479,000 -- $119 / 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 $8,704 $697,061 $276,420 $420,641
2024 $8,704 $683,394 $271,000 $412,394
2023 $8,541 $669,995 $265,687 $404,308
2022 $8,153 $656,859 $260,478 $396,381
2021 $8,035 $643,980 $255,371 $388,609
2019 $7,799 $624,882 $247,798 $377,084
2018 $7,707 $612,631 $242,940 $369,691
2017 $132 $600,620 $238,177 $362,443
2016 $7,334 $588,844 $233,507 $355,337
2015 $7,230 $580,000 $230,000 $350,000
2014 $8,635 $690,000 $380,700 $309,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14042697

California Regional Multiple Listing Service (CRMLS)

APN: 7456-007-010