NOT LISTED FOR SALE

538 W 2nd St San Pedro, CA 90731

Estimated Value: $594,000 - $651,000

4 Beds
2 Baths
1,411 Sq Ft
$441/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $410,046 $291 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,778/month

9 Days on Market

Highlights

  • Private Yard
  • Level Lot
  • 1-Story Property
  • No HOA

About This Home

As of December 2017

San Pedro duplex in great area and walking distance to Pacific Blvd for shops and Restaurants. Both units tenant occupied and each unit is a 2 bedroom and 1 bath. Minutes away from San Pedro "Ports O Call" Village.

Last Agent to Sell the Property

Laura Andrade

RE/MAX Dynasty License #01731923 Listed on: 10/07/2017

RE/MAX Dynasty

Last Buyer's Agent

May Arroyo

Premier Properties Realty Prof License #01083775

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,722

Year Built

  • Built in 1930

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Duplex

Interior Spaces

  • 1,411 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Paved Parking

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 023
  • Tax Tract Number 8
  • Assessor Parcel Number 7451008023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $3,910
  • Gross Income $28,860
  • Net Operating Income $24,949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,722

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Other Phone Description: 562-760-6473
  • Property Attached: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7451008023
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 290.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level, Yard
  • Lot Size Sq Ft: 5000.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 28860.00
  • Gross Scheduled Income: 28860.00
  • Net Operating Income: 24949.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3910.00
  • Rent Control: Yes
  • Total Actual Rent: 2405.00
  • Total Expenses: 3910.00

Tax Info

  • Tax Census Tract: 2966.00
  • Tax Lot: 023
  • Tax Tract Number: 008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2025
Sold by
Montenegro Angelo and Tran Kim Ngan
Bought by
Pou Sothirith
Current Estimated Value
$622,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,898
Outstanding Balance
$610,235
Interest Rate
6.76%
Mortgage Type
VA
Estimated Equity
$12,409

Purchase Details

Listed on
Oct 7, 2017
Closed on
Dec 5, 2017
Sold by
Peusco Trust
Bought by
Montenegro Angelo and Tran Kim Ngan Tni
Seller's Agent
Laura Andrade
RE/MAX Dynasty
Buyer's Agent
May Arroyo
Premier Properties Realty Prof
List Price
$419,900
Sold Price
$410,047
Premium/Discount to List
-$9,853
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$307,500
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2016
Sold by
Macias David
Bought by
Pensco Trust Company and Mario Padilla Ira

Purchase Details

Listed on
Jan 31, 2013
Closed on
Feb 5, 2013
Sold by
Belman Macias Lilia C
Bought by
Macias David
Seller's Agent
Laura Andrade
RE/MAX Dynasty
Buyer's Agent
Delicia Wong Barba
RE/MAX Dynasty
List Price
$228,000
Sold Price
$185,000
Premium/Discount to List
-$43,000
-18.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.07%
Original Mortgage
$21,000
Interest Rate
3.32%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Jan 31, 2013
Closed on
Jan 30, 2013
Sold by
Gonzalez Ruben V
Bought by
Macias David
Seller's Agent
Laura Andrade
RE/MAX Dynasty
Buyer's Agent
Delicia Wong Barba
RE/MAX Dynasty
List Price
$228,000
Sold Price
$185,000
Premium/Discount to List
-$43,000
-18.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
3.32%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 11, 2006
Sold by
Elder William E and Elder Eileen
Bought by
Gonzalez Ruben V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2004
Sold by
Ponce Richard and Ponce Susan
Bought by
Elder William E and Elder Eileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2002
Sold by
Ramirez Carlos A
Bought by
Ponce Richard and Ponce Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.94%

Purchase Details

Closed on
Oct 8, 1999
Sold by
Ramirez Frances
Bought by
Ramirez Carlos M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,900
Interest Rate
6.55%

Purchase Details

Closed on
Sep 7, 1999
Sold by
Almeida Raymond J
Bought by
Ramirez Carlos M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,900
Interest Rate
6.55%
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
Pou Sothirith $613,000 Fidelity National Title
Montenegro Angelo $410,000 Provident Title Company
Pensco Trust Company -- Accommodation
Macias David -- Investors Title
Macias David $185,000 Investors Title
Gonzalez Ruben V $435,000 Southland Title Corporation
Elder William E $330,000 First American Title Co Los
Ponce Richard $220,000 First American Title Co
Ramirez Carlos M -- First American Title Co
Ramirez Carlos M $142,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pou Sothirith $612,898
Previous Owner Montenegro Angelo $307,500
Previous Owner Macias David $21,000
Previous Owner Macias David $125,000
Previous Owner Gonzalez Ruben V $326,250
Previous Owner Elder William E $297,000
Previous Owner Ponce Richard $165,000
Previous Owner Ramirez Carlos M $134,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/29/2017 12/29/17 Sold $410,047 0.0% $291 / Sq Ft
11/26/2017 11/26/17 Off Market $410,047 -- --
10/16/2017 10/16/17 Pending -- -- --
10/07/2017 10/07/17 For Sale $419,900 +127.0% $298 / Sq Ft
02/15/2013 02/15/13 Sold $185,000 -18.9% $131 / Sq Ft View Prior Sale
01/28/2013 01/28/13 Pending -- -- --
10/26/2012 10/26/12 For Sale $228,000 -- $162 / 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 $5,722 $466,506 $352,725 $113,781
2024 $5,722 $457,359 $345,809 $111,550
2023 $5,613 $448,392 $339,029 $109,363
2022 $5,353 $439,601 $332,382 $107,219
2021 $5,283 $430,982 $325,865 $105,117
2020 $5,334 $426,564 $322,524 $104,040
2019 $5,126 $418,200 $316,200 $102,000
2018 $5,069 $410,000 $310,000 $100,000
2017 $5,638 $459,000 $306,000 $153,000
2016 $2,434 $192,440 $78,016 $114,424
2015 $2,400 $189,551 $76,845 $112,706
2014 $2,403 $185,839 $75,340 $110,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17230257

California Regional Multiple Listing Service (CRMLS)

APN: 7451-008-023