NOT LISTED FOR SALE

520 W 20th St San Pedro, CA 90731

Estimated Value: $889,298 - $994,000

1 Bed
1 Bath
2,500 Sq Ft
$376/Sq Ft Est. Value

Last Sold December 26, 2017

Last sale price $585,000 $234 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,678/month

19 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Wood Flooring
  • Corner Lot
  • Property is near a park
  • Spanish Architecture
  • No HOA

About This Home

As of December 2017

WOW - so affordable for LA county! Just 2 minutes to the Harbor, 5 minutes from Cabrillo Marine Aquarium, and 10 minutes to freeway. Smell the ocean from this well kept Spanish style 4plex in lovely San Pedro. Units have great character with hardwood floors & vintage cupboards. Water heaters have recently been replaced and the grounds / all units are in good condition. Location is walking distance to convenience store and park - excellent rental. The city of San Pedro has recently approved a 150M redevelopment project in Ports O' Call, just minutes from this property. Perfect for an owner who would like to live in one unit and while receiving income from the others; or for a developer who wants a nice sized corner lot to build upon. San Pedro boasts beautiful weather, cruise ship ports, and lower crime than many other areas in Los Angeles. Invest in your future today!

Last Agent to Sell the Property

Angela Weeks

First Team Real Estate License #01398537 Listed on: 10/26/2017

First Team Real Estate

Last Buyer's Agent

Angela Weeks

First Team Real Estate License #01398537 Listed on: 10/26/2017

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,259

Year Built

  • Built in 1923

Lot Details

  • 5,081 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Front Facing Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Blinds
  • Family Room
  • Gas Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Additional Features

  • Property is near a park
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, telephone
  • Tax Lot 4
  • Tax Tract Number 5158
  • Assessor Parcel Number 7462018016

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $780
  • Maintenance Expense $2,000
  • Trash Expense $700
  • Water Sewer Expense $480
  • New Taxes Expense $542
  • Operating Expense $4,502
  • Gross Income $2,337
  • Net Operating Income $22,342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,259

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 480.00
  • Zoning: LARD2
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7462018016
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features
  • Stories: 1
  • Entry Location: ground
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 234.00
  • Room Type: All Bedrooms Down, Family Room, Kitchen
  • Window Features: Blinds

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting
  • Fence: No
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Garage Faces Front, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level, Park Nearby
  • Lot Size Sq Ft: 5081.00

Rental Info

  • Tenant Pays: Electricity, Telephone

Multi Family

  • Average1 Bed Area: 625 Square Feet
  • Gross Income: 2337.00
  • Gross Scheduled Income: 26844.00
  • Insurance Expense: 780.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 22342.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 4502.00
  • Rent Control: Yes
  • Total Expenses: 4502.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 542.00
  • Tax Census Tract: 2972.01
  • Tax Lot: 4
  • Tax Tract Number: 5158

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2017
Closed on
Nov 30, 2017
Sold by
Gallareto Bryan
Bought by
Huang Grace
Seller's Agent
Angela Weeks
First Team Real Estate
Buyer's Agent
Angela Weeks
First Team Real Estate
List Price
$599,000
Sold Price
$585,000
Premium/Discount to List
-$14,000
-2.34%
Current Estimated Value
$940,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,325
Avg. Annual Appreciation
6.14%
Original Mortgage
$351,000
Outstanding Balance
$301,829
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$621,863
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
Huang Grace $585,000 Corinthian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Grace $351,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2017 12/26/17 Sold $585,000 -2.3% $234 / Sq Ft
10/26/2017 10/26/17 For Sale $599,000 -- $240 / 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 $8,259 $665,625 $438,062 $227,563
2024 $8,259 $652,574 $429,473 $223,101
2023 $8,104 $639,779 $421,052 $218,727
2022 $7,734 $627,236 $412,797 $214,439
2021 $7,632 $614,938 $404,703 $210,235
2020 $7,705 $608,894 $400,554 $208,340
2019 $7,408 $596,960 $392,700 $204,260
2018 $7,292 $585,260 $385,000 $200,260
2017 $962 $56,145 $27,440 $28,705
2016 $911 $55,045 $26,902 $28,143
2015 $901 $54,219 $26,498 $27,721
2014 $933 $53,157 $25,979 $27,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17243863

California Regional Multiple Listing Service (CRMLS)

APN: 7462-018-016