$905,000
SOLD JUN 26, 2019

451 W 1st St San Pedro, CA 90731

8 Beds
4 Baths
3,200 Sq Ft
5,001 Sq Ft Lot

Recently Sold

$283 Per Sq Ft

5% Below List Price

185 Days on Market

About This Home

As of June 2019

This is a Great Investment Opportunity to start building your investment portfolio. Option to live in one unit, as owner occ., or completely have as an investment property. All units have been updated and remodeled. Nice sized units, each unit has their own garage. Nice community-neighborhood. Centrally located to shopping, freeway, etc. A Must See!

Last Agent to Sell the Property

Sandy Dunkley

Equity Los Angeles License #01832146 Listed on: 10/24/2018

Equity Los Angeles

Last Buyer's Agent

Alexander Fernandez

License #01245346

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,332

Year Built

  • Built in 1963

Lot Details

  • 5,001 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 7449-024-005

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,332

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: No
  • Living Area: 3200
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 285.94

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage, Garage - 4+ Car
  • Total Parking: 4

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 326400
  • Assessed Land Value: 387600
  • Assessor Parcel Number: 7449-024-005
  • Geocode Override: No
  • Lot Size Area: 5001

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.29
  • Number Of Units: 4
  • Rent Control: 4
  • Total Annual Expense: 15552
  • Type Of Units: multi-family
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2018
Closed on
Jun 3, 2019
Sold by
Covington Katie M and Katie M Covington Family Trust
Bought by
Goller Sean
Seller's Agent
Sandy Dunkley
Equity Los Angeles
Buyer's Agent
Alexander Fernandez
List Price
$950,000
Sold Price
$905,000
Premium/Discount to List
-$45,000
-4.74%
Current Estimated Value
$1,192,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,294
Avg. Annual Appreciation
4.08%
Original Mortgage
$888,608
Outstanding Balance
$772,884
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$386,618

Purchase Details

Closed on
Feb 22, 2017
Sold by
Covington Kathie M
Bought by
Covington Katie M and Katie M Covington Family Trust

Purchase Details

Listed on
Jul 24, 2015
Closed on
Sep 10, 2015
Sold by
Inland Property Solutions Inc
Bought by
Covington Katie M
Seller's Agent
Annette Fraley
SYNERGY ONE REAL ESTATE SVCS.
Buyer's Agent
Adrian Bates
A-1 Realty
List Price
$699,999
Sold Price
$699,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%
Original Mortgage
$450,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2015
Sold by
Bowman Darryl and Bowman Grace
Bought by
Inland Property Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2014
Sold by
Bowman Darryl and Bowman Daryl
Bought by
Bowman Darryl and Bowman Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 29, 2012
Sold by
Swan Jerry and The Romalee Dalbey Trust
Bought by
Bowman Daryl

Purchase Details

Closed on
Dec 2, 1998
Sold by
Dalbey Romalee
Bought by
Dalbey Romalee and The Romalee Dalbey Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.78%

Purchase Details

Closed on
Jun 26, 1997
Sold by
Dalbey Romalee
Bought by
Dalbey Romalee and The Romalee Dalbey Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $905,000 Westminster Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $700,000 Old Republic Title Company
Grant Deed $510,000 Old Republic Title Company
Interfamily Deed Transfer -- Westminster Title Co Inc
Grant Deed -- None Available
Interfamily Deed Transfer -- First American Title Co
Grant Deed -- First American Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $888,608 FHA
Previous Owner $450,000 New Conventional
Previous Owner $408,000 Purchase Money Mortgage
Previous Owner $240,000 Adjustable Rate Mortgage/ARM
Previous Owner $164,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2019 06/26/19 Sold $905,000 -1.1% $283 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
11/13/2018 11/13/18 Price Changed $915,000 -3.7% $286 / Sq Ft
10/23/2018 10/23/18 For Sale $950,000 +35.7% $297 / Sq Ft
10/19/2015 10/19/15 Sold $699,999 0.0% $219 / Sq Ft
09/09/2015 09/09/15 Pending -- -- --
07/24/2015 07/24/15 For Sale $699,999 -- $219 / Sq Ft
Source: The MLS

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 $12,332 $1,009,540 $619,111 $390,429
2024 $12,332 $989,746 $606,972 $382,774
2023 $12,096 $970,340 $595,071 $375,269
2022 $11,538 $951,314 $583,403 $367,911
2021 $11,387 $932,662 $571,964 $360,698
2019 $9,145 $742,845 $403,259 $339,586
2018 $9,044 $728,280 $395,352 $332,928
2017 $8,848 $714,000 $387,600 $326,400
2016 $8,625 $700,000 $380,000 $320,000
2015 $5,787 $461,828 $247,024 $214,804
2014 $5,795 $452,783 $242,186 $210,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-399686

The MLS

APN: 7449-024-005