NOT LISTED FOR SALE

438 W 15th St San Pedro, CA 90731

Estimated Value: $814,000 - $1,050,327

4 Beds
2 Baths
1,679 Sq Ft
$537/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $595,000 $354 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,557/month

69 Days on Market

About This Home

As of January 2021

MAJOR PRICE REDUCTION! This Duplex will be delivered vacant at the close of escrow! This is a great Value-Add deal with major rent upside, perfect for an investor or an owner-user. Amazing unit mix consisting of Two- 2 Bed/1 Bath detached houses on a single lot. Both units are large and have washer/dryer hook ups. Located on a nice residential street, right across from an elementary school and just one mile away from the new $200 million dollar city development!

Last Agent to Sell the Property

Connor Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01992384 Listed on: 10/09/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,853

Year Built

  • Built in 1923

Lot Details

  • 5,001 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Parking Spaces

Home Design

  • 1,679 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 15 / 15
  • Tax Tract Number 13245
  • Assessor Parcel Number 7456016014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,853

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7456016014
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 354.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5001.00
  • Lot Size Acres: 0.1148

Multi Family

  • Lot Size Area: 5001.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 15
  • Tax Census Tract: 13245
  • Tax Lot: 15
  • Tax Tract Number: 13245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Jan 12, 2021
Sold by
Armas Denise C
Bought by
Armas Thomas
Seller's Agent
Connor Vartanian
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
List Price
$750,000
Sold Price
$595,000
Premium/Discount to List
-$155,000
-20.67%
Current Estimated Value
$901,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,582
Avg. Annual Appreciation
9.72%
Original Mortgage
$700,000
Outstanding Balance
$627,607
Interest Rate
2.71%
Mortgage Type
Commercial
Estimated Equity
$286,401

Purchase Details

Listed on
Oct 9, 2020
Closed on
Dec 14, 2020
Sold by
Gonzalez Luis and Gonzalez Virginia M
Bought by
Armas Thomas
Seller's Agent
Connor Vartanian
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
List Price
$750,000
Sold Price
$595,000
Premium/Discount to List
-$155,000
-20.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$627,607
Interest Rate
2.71%
Mortgage Type
Commercial
Estimated Equity
$286,401

Purchase Details

Closed on
Feb 27, 1996
Sold by
Federal National Mortgage Association
Bought by
Gonzalez Luis and Gonzalez Virginia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,450
Interest Rate
7.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 14, 1995
Sold by
Yackel Dale L and Fuentes Judy N
Bought by
Federal National Mortgage Association and Seafirst Mtg Corp

Purchase Details

Closed on
May 30, 1995
Sold by
Yackel Dale L and Fuentes Judy A
Bought by
Bankers Trust Company and Series 1992-123R

Purchase Details

Closed on
May 25, 1995
Sold by
Yackel Dale L and Fuentes Judy A
Bought by
New England Financial Corp
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
Armas Thomas -- Fidelity National Title
Armas Thomas $595,000 Fidelity National Title
Gonzalez Luis $118,000 First American Title Co
Federal National Mortgage Association $116,225 Chicago Title Co
Bankers Trust Company $57,120 Southern California Title Co
New England Financial Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armas Thomas $700,000
Previous Owner Gonzalez Luis $60,000
Previous Owner Gonzalez Luis $260,000
Previous Owner Gonzalez Luis $265,000
Previous Owner Gonzalez Luis $114,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $595,000 -14.4% $354 / Sq Ft
11/08/2020 11/08/20 Price Changed $695,000 -7.3% $414 / Sq Ft
10/09/2020 10/09/20 For Sale $750,000 -- $447 / 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 $7,853 $644,046 $416,736 $227,310
2024 $7,853 $631,418 $408,565 $222,853
2023 $7,703 $619,038 $400,554 $218,484
2022 $7,346 $606,900 $392,700 $214,200
2021 $2,387 $181,077 $153,464 $27,613
2020 $2,407 $179,501 $151,891 $27,610
2019 $2,319 $175,988 $148,913 $27,075
2018 $2,244 $172,544 $145,994 $26,550
2016 $2,129 $165,576 $140,326 $25,250
2015 $2,099 $163,090 $138,219 $24,871
2014 $2,102 $159,896 $135,512 $24,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20213100

California Regional Multiple Listing Service (CRMLS)

APN: 7456-016-014