NOT LISTED FOR SALE

545 W Macarthur Ave San Pedro, CA 90731

Estimated Value: $735,000 - $869,000

4 Beds
4 Baths
2,014 Sq Ft
$393/Sq Ft Est. Value

Last Sold September 21, 2016

Last sale price $485,000 $241 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,751/month

10 Days on Market

Highlights

  • Harbor Views
  • No HOA
  • Laundry Room
  • San Pedro Senior High School Rated A-
  • Living Room
  • Landscaped

About This Home

As of September 2016

Great investment opportunity. Nice starter 4 unit property priced to sell. Includes 4 x 1 bedroom units all with individual garage. All units have laundry hook ups. Most tenants are long term and the interior units are well maintained. Harbor view overlooking North side of Harbor. Shared driveway, garages and driveway could use some TLC. This is a great starter investment property, please do not disturb tenants.

Last Agent to Sell the Property

David Clayton

Estate Properties License #00675768 Listed on: 08/01/2016

Last Buyer's Agent

Linda Cottone

eXp Realty of California, Inc. License #01315671

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,804 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Fence is in average condition
  • Landscaped

Parking

  • 4 Car Garage
  • Parking Available
  • Shared Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,014 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room
  • Carpet
  • Harbor Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 9
  • Tax Tract Number 2431
  • Assessor Parcel Number 7448021009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $2,500
  • New Taxes Expense $5,612
  • Gross Income $2,958
  • Net Operating Income $25,888

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

4,804 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2500.00
  • Property Type: Residential Income
  • Parcel Number: 7448021009
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 240.81
  • Room Type: Living Room
  • Window Features: Screens

Exterior Features

  • View: Harbor
  • Fencing: Average Condition, Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Asphalt, Garage, Shared Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 4804.00
  • Price Per Lot Square Foot: 93.46

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 500
  • Gross Income: 2958.00
  • Gross Scheduled Income: 35500.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 25888.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 9612.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5612.00
  • Tax Lot: 9
  • Tax Tract Number: 2431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2016
Closed on
Sep 8, 2016
Sold by
Miyata Gavien N and Miyata Ann
Bought by
Desousa David Joseph
Seller's Agent
David Clayton
Estate Properties
Buyer's Agent
Linda Cottone
eXp Realty of California, Inc.
List Price
$449,000
Sold Price
$485,000
Premium/Discount to List
$36,000
8.02%
Current Estimated Value
$791,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,847
Avg. Annual Appreciation
5.29%
Original Mortgage
$388,000
Outstanding Balance
$310,119
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$481,728
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Desousa David Joseph $485,000 Pacific Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desousa David Joseph $388,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2016 09/21/16 Sold $485,000 +8.0% $241 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $449,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,037 $562,878 $330,764 $232,114
2024 $7,037 $551,842 $324,279 $227,563
2023 $6,906 $541,022 $317,921 $223,101
2022 $6,592 $530,415 $311,688 $218,727
2021 $6,506 $520,016 $305,577 $214,439
2019 $6,317 $504,594 $296,514 $208,080
2018 $6,221 $494,700 $290,700 $204,000
2016 $6,383 $512,848 $180,272 $332,576
2015 $6,292 $505,146 $177,565 $327,581
2014 $6,303 $495,252 $174,087 $321,165
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16167799

California Regional Multiple Listing Service (CRMLS)

APN: 7448-021-009

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