NOT LISTED FOR SALE

462 W 1st St San Pedro, CA 90731

Estimated Value: $826,000 - $1,011,000

3 Beds
3 Baths
2,280 Sq Ft
$401/Sq Ft Est. Value

Last Sold September 25, 2019

Last sale price $629,000 $276 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,688/month

53 Days on Market

About This Home

As of September 2019

Great investment opportunity in the last affordable beach town in Los Angeles. Just a stones throw from the water enjoy a flourishing waterfront, teeming tide pools, beautiful parks, stellar seafood, windsurfing, diversity, a charming downtown, the grand suspension bridge, and cultural institutions. After winning “Best Neighborhood” by Curbed LA in 2017, the Daily Breeze noted “San Pedro is an extraordinary place to visit and call home.“ San Pedro is definitely an up and coming city that is soon to break ground on a brand new waterfront project that includes a public market, open air amphitheater and lots of unique dining options. Here is an opportunity to own a property with great upside potential that is good for long term holds and offers the chance to be a part of a transitioning community. This property has 4 1 bed/ 1 bath units with all new ceiling fans, some upgraded electrical, fresh landscaping and exterior paint. 4 uncovered parking spaces are available for tenants. Scheduled gross income is $42,240 annually.

Last Agent to Sell the Property

Ed Kaminsky

eXp Realty of California, Inc License #00958114 Listed on: 06/17/2019

eXp Realty of California, Inc

Last Buyer's Agent

Eid Habash

Keller Williams Pacific Estate License #01893572

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,532

Year Built

  • Built in 1955

Lot Details

  • 6,234 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 2,280 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 7449022008

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,331
  • Operating Expense $10,131
  • Gross Income $42,240
  • Net Operating Income $31,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,532

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7449022008
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 275.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lawn
  • Lot Size Sq Ft: 6234.00
  • Lot Size Acres: 0.1431

Multi Family

  • Gross Income: 42240.00
  • Gross Multiplier: 14.89
  • Gross Operating Income: 41818.00
  • Gross Scheduled Income: 42240.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6234.0000 Square Feet
  • Net Operating Income: 31686.00
  • 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
  • Operating Expense: 10131.00
  • Rent Control: Yes
  • Total Actual Rent: 3520.00
  • Total Expenses: 10131.00
  • Vacancy Allowance: 422
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 8331.00
  • Tax Block: 1
  • Tax Census Tract: 2962.20
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Aug 13, 2019
Sold by
Washington Ilda M
Bought by
Deanda Scaia Nicolas
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Eid Habash
Keller Williams Pacific Estate
List Price
$629,000
Sold Price
$629,000
Current Estimated Value
$913,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,456
Avg. Annual Appreciation
6.19%
Original Mortgage
$617,607
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Listed on
May 26, 2017
Closed on
Jul 12, 2017
Sold by
Washington James K
Bought by
Washington Lida M
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Ed Kaminsky
eXp Realty of California, Inc
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$390,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2017
Closed on
Jun 2, 2017
Sold by
Garver Michael and Debenedetto Thomas
Bought by
Washington Ilda M
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Ed Kaminsky
eXp Realty of California, Inc
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2004
Sold by
Debenedetto Thomas
Bought by
Garver Michael and Debenedetto Thomas

Purchase Details

Closed on
Feb 17, 2004
Sold by
Garver Michael and Debenedetto Thomas
Bought by
Debenedetto Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 4, 2004
Sold by
Debenedetto Thomas
Bought by
Garver Michael and Debenedetto Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 22, 2002
Sold by
Debenedetto Siobhan
Bought by
Debenedetto Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.15%

Purchase Details

Closed on
Dec 10, 2001
Sold by
Williams Wanda S and Williams Deborah A
Bought by
Garver Michael and Debenedetto Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.15%

Purchase Details

Closed on
Feb 8, 2001
Sold by
Yaraghchian A
Bought by
Williams Wanda S and Williams Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
6.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 2, 2001
Sold by
Assad Fataneh
Bought by
Yaraghchian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
6.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 1997
Sold by
Assad Saimack
Bought by
Assad Fataneh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
7.66%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 3, 1997
Sold by
Glendale Federal Bank Fsb
Bought by
Assad Fataneh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
7.66%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 15, 1996
Sold by
Laponza Angelo and La Ponza Angelo
Bought by
Glendale Federal Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
7.66%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deanda Scaia Nicolas $629,000 Lawyers Title Company
Washington Lida M -- Lawyers Title
Washington Ilda M $520,000 Lawyers Title
Garver Michael -- --
Debenedetto Thomas -- First American Title Ins Co
Garver Michael -- First American Title Co Lend
Debenedetto Thomas -- --
Garver Michael -- --
Garver Michael $185,000 Chicago Title Co
Williams Wanda S -- Orange Coast Title
Yaraghchian A -- Orange Coast Title Company
Assad Fataneh -- Benefit Land Title Company
Assad Fataneh $108,000 Benefit Land Title Company
Glendale Federal Bank Fsb $208,133 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deanda Scala Nicolas $614,654
Closed Deanda Scaia Nicolas $617,607
Previous Owner Washington Ilda M $390,000
Previous Owner Debenedetto Thomas $65,000
Previous Owner Garver Michael $65,000
Previous Owner Garver Michael $200,000
Previous Owner Garver Michael $148,000
Previous Owner Williams Wanda S $75,600
Previous Owner Assad Fataneh $75,600
Closed Garver Michael $18,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2019 09/25/19 Sold $629,000 0.0% $276 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $629,000 +21.0% $276 / Sq Ft
07/14/2017 07/14/17 Sold $520,000 -1.0% $228 / Sq Ft
05/28/2017 05/28/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $525,000 -- $230 / 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 $8,532 $687,898 $437,456 $250,442
2024 $8,532 $674,411 $428,879 $245,532
2023 $8,372 $661,188 $420,470 $240,718
2022 $7,990 $648,225 $412,226 $235,999
2021 $7,886 $635,516 $404,144 $231,372
2020 $7,879 $629,000 $400,000 $229,000
2019 $6,642 $530,400 $275,400 $255,000
2018 $6,520 $520,000 $270,000 $250,000
2017 $3,106 $235,469 $95,459 $140,010
2016 $3,014 $230,853 $93,588 $137,265
2015 $2,973 $227,387 $92,183 $135,204
2014 $2,967 $222,934 $90,378 $132,556
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19142939

California Regional Multiple Listing Service (CRMLS)

APN: 7449-022-008