NOT LISTED FOR SALE

503 N Bandini St San Pedro, CA 90731

Estimated Value: $989,000 - $1,231,000

6 Beds
4 Baths
2,794 Sq Ft
$386/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $920,000 $329 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,653/month

55 Days on Market

About This Home

As of September 2021

A rare opportunity in the extremely desirable San Pedro neighborhood. Just 3.7 miles to BEAUTIFUL SOUTHERN CALIFORNIA BEACHES. Four lovely units, 2-1 bed/1 bath and 2-2 bed/1 bath. 100% occupied. Each tenant has two tandem parking spots. In a great neighborhood just minutes to all your tenants needs. Grocery stores, restaurants, school's, freeways etc!!!

Last Agent to Sell the Property

Michael Borba

Borba Investment Realty License #01380572 Listed on: 06/07/2021

Co-Listed By

Vital Lourenco

Borba Investment Realty License #01422570

Last Buyer's Agent

Karen Anderson

Keller Williams Palos Verdes License #01224307

Keller Williams Palos Verdes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,083

Year Built

  • Built in 1976

Lot Details

  • 4,202 Sq Ft Lot
  • Two or More Common Walls
  • Rural Setting
  • Corner Lot

Home Design

  • 2,794 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Water Not Available

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 3323
  • Assessor Parcel Number 7446019020

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $630
  • Fuel Expense $768
  • Gardener Expense $840
  • Insurance Expense $1,600
  • Maintenance Expense $2,926
  • Water Sewer Expense $5,205
  • New Taxes Expense $11,875
  • Operating Expense $27,751
  • Gross Income $58,512
  • Net Operating Income $29,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,083

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5205.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7446019020
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 329.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4202.00
  • Lot Size Acres: 0.0965

Multi Family

  • Electric Expense: 630.00
  • Fuel Expense: 768.00
  • Gross Income: 58512.00
  • Gross Scheduled Income: 58512.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 4202.0000 Square Feet
  • Maintenance Expense: 2926.00
  • Net Operating Income: 29590.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27751.00
  • Rent Control: Yes
  • Total Expenses: 27751.00

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Census Tract: 2964.02
  • Tax Lot: 18
  • Tax Tract Number: 3323

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 1994
Sold by
Glendale Federal Bank Fsb
Bought by
Jungles Leo F and Jungles Marguerite J
Current Estimated Value
$1,078,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
8.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 22, 1994
Sold by
Verdugo Service Corp
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
$189,000
Interest Rate
8.6%
Mortgage Type
Seller Take Back
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
Jungles Leo F $210,000 Continental Lawyers Title Co
Glendale Federal Bank Fsb $313,578 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jungles Leo F $189,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2021 09/08/21 Sold $920,000 -1.0% $329 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
07/26/2021 07/26/21 Price Changed $929,000 0.0% $332 / Sq Ft
07/26/2021 07/26/21 For Sale $929,000 +1.0% $332 / Sq Ft
07/21/2021 07/21/21 Off Market $920,000 -- --
07/21/2021 07/21/21 For Sale $950,000 +3.3% $340 / Sq Ft
07/20/2021 07/20/21 Off Market $920,000 -- --
07/16/2021 07/16/21 For Sale $950,000 +3.3% $340 / Sq Ft
07/15/2021 07/15/21 Off Market $920,000 -- --
07/01/2021 07/01/21 For Sale $950,000 0.0% $340 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $950,000 -- $340 / 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 $12,083 $976,310 $583,664 $392,646
2024 $11,933 $957,168 $572,220 $384,948
2023 $11,705 $938,400 $561,000 $377,400
2022 $6,173 $491,684 $296,293 $195,391
2021 $6,086 $482,044 $290,484 $191,560
2020 $6,143 $477,102 $287,506 $189,596
2019 $5,910 $467,748 $281,869 $185,879
2018 $5,823 $458,578 $276,343 $182,235
2016 $5,546 $440,772 $265,613 $175,159
2015 $5,468 $434,152 $261,624 $172,528
2014 $5,509 $425,649 $256,500 $169,149
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21120931

California Regional Multiple Listing Service (CRMLS)

APN: 7446-019-020