NOT LISTED FOR SALE

529 W Ofarrell St San Pedro, CA 90731

Estimated Value: $746,395 - $928,000

5 Beds
4 Baths
2,280 Sq Ft
$367/Sq Ft Est. Value

Last Sold October 12, 2012

Last sale price $295,000 $129 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $4,777/month

126 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Bedroom
  • Neighborhood Views
  • Traditional Architecture
  • No HOA
  • Balcony

About This Home

As of October 2012

*****Great income potential. 3 units across the street from Barton Hill Elementary School. Front unit is a SFR 4 bedroom 2 bath 2 story home. Middle unit is a studio with washer and dyer hook-ups. Back unit is a 1 bedroom 1 bath with washer and dyer hook-ups. All units are detached from each other. Off street parking accessible from alley with security gate. Prefect for owner investor*******

Last Agent to Sell the Property

Guillermo Serafin

Serve First Realty License #01471159 Listed on: 04/28/2012

Last Buyer's Agent

NoEmail NoEmail

OUT OF AREA

OUT OF AREA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,642

Year Built

  • Built in 1918

Lot Details

  • 4,999 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,280 Sq Ft Home
  • Open Floorplan
  • Living Room
  • Storage
  • Neighborhood Views
  • Tile Countertops

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Balcony
  • Rain Gutters

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Legal Lot and Block 8 / B
  • Tax Tract Number 2965
  • Assessor Parcel Number 7448029007

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $1,200
  • Trash Expense $960
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,312
  • Gross Income $1,400
  • Net Operating Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,642

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Assessments: Yes
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7448029007
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Open Floorplan, Storage, Tile Counters
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 129.39
  • Room Type: Living Room, Master Bedroom, Main Floor Bedroom

Exterior Features

  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4999.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 1400.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4999.0000 Square Feet
  • Net Operating Income: 10200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6600.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4312.00
  • Tax Area: 13245
  • Tax Block: B
  • Tax Lot: 8
  • Tax Tract Number: 2965
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2012
Closed on
Oct 11, 2012
Sold by
Trevino Manuel I
Bought by
Couch Cedric Lamar and Couch Maria Luisa
Seller's Agent
Guillermo Serafin
Serve First Realty
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$345,000
Sold Price
$295,000
Premium/Discount to List
-$50,000
-14.49%
Current Estimated Value
$837,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,099
Avg. Annual Appreciation
8.32%
Original Mortgage
$289,656
Outstanding Balance
$198,104
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$638,995
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
Couch Cedric Lamar $295,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Couch Cedric Lamar $289,656
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2012 10/12/12 Sold $295,000 -14.5% $129 / Sq Ft
09/01/2012 09/01/12 Pending -- -- --
04/28/2012 04/28/12 For Sale $345,000 -- $151 / 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 $4,642 $363,259 $221,651 $141,608
2024 $4,642 $356,137 $217,305 $138,832
2023 $4,557 $349,155 $213,045 $136,110
2022 $4,353 $342,310 $208,868 $133,442
2021 $4,290 $335,599 $204,773 $130,826
2020 $4,328 $332,159 $202,674 $129,485
2019 $4,166 $325,647 $198,700 $126,947
2018 $4,072 $319,262 $194,804 $124,458
2016 $3,873 $306,867 $187,241 $119,626
2015 $3,819 $302,259 $184,429 $117,830
2014 $3,822 $296,339 $180,817 $115,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12054005

California Regional Multiple Listing Service (CRMLS)

APN: 7448-029-007