NOT LISTED FOR SALE

546 W 15th St San Pedro, CA 90731

Estimated Value: $1,470,000 - $2,058,000

2 Beds
3 Baths
4,746 Sq Ft
$356/Sq Ft Est. Value

Sale Details

Date Sold: February 27, 2018

Last sale price $1,095,000 $231 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $10,342 / mo

7 Days on Market

About This Home

As of February 2018

Great investment opportunity -- 7-unit apartment building in San Pedro! Originally built in 1923 on a 6,753 SF lot. The 2-story, 4,746 SF building houses one 2-bedroom unit and 6 studios. Each unit is metered separately for electricity. On-site laundry and ample on-site parking. Two units are currently filled. Property subject to rent control. With numerous developments currently underway in San Pedro, purchasing this property and remodeling it for resale presents an excellent investment opportunity.

Last Agent to Sell the Property

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 01/11/2018

Last Buyer's Agent

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 01/11/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,753 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 4,746 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available

Location

  • Suburban Location

Utilities

  • Shared Well
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 17 / 15
  • Assessor Parcel Number 7454027017

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • Operating Expense $34,648
  • Gross Income $34,648
  • Net Operating Income $48,059

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,753 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7454027017
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 230.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public, Shared Well

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6753.00

Multi Family

  • Gross Income: 34648.00
  • Gross Scheduled Income: 84028.00
  • Laundry Income: 1200.00
  • Net Operating Income: 48059.00
  • Number Of Separate Electric Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 34648.00
  • Rent Control: Yes
  • Total Expenses: 34648.00

Tax Info

  • Tax Block: 15
  • Tax Census Tract: 2969.01
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2018
Sold by
Baywest11 Llc
Bought by
Baywest11 Llc
Current Estimated Value
$1,691,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Outstanding Balance
$632,654
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,058,794

Purchase Details

Listed on
Jan 11, 2018
Closed on
Jan 24, 2018
Sold by
Galaxy Management Inc
Bought by
Bay West 11 Llc
Seller's Agent
Raju Chhabria
Chhabria Real Estate Company
Buyer's Agent
Raju Chhabria
Chhabria Real Estate Company
List Price
$1,100,000
Sold Price
$1,095,000
Premium/Discount to List
-$5,000
-0.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%

Purchase Details

Listed on
Apr 7, 2014
Closed on
Mar 23, 2015
Sold by
Burgos John
Bought by
Galaxy Management Inc
Seller's Agent
Mark Straus
AAA Realty Services
Buyer's Agent
Brennan Mitch
Century 21 Excellence
List Price
$725,000
Sold Price
$633,000
Premium/Discount to List
-$92,000
-12.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.70%

Purchase Details

Listed on
Feb 23, 2012
Closed on
Sep 27, 2012
Sold by
Golden Jeffrey I
Bought by
Golden Jeffrey I and Dharmasuriya Jayampath P
Seller's Agent
Greg Bingham
Coldwell Banker Realty
Buyer's Agent
Mark Straus
AAA Realty Services
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.08%
Original Mortgage
$250,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 23, 2012
Closed on
Sep 26, 2012
Sold by
Golden Jeffrey I
Bought by
Burgos John and Burgos Kathryn
Seller's Agent
Greg Bingham
Coldwell Banker Realty
Buyer's Agent
Mark Straus
AAA Realty Services
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2005
Sold by
Gunatilake Sarath
Bought by
Dharmasuriya Jay and Dharmasuriya Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Baywest11 Llc -- Fidelity National Title
Bay West 11 Llc $1,095,000 Lawyers Title
Galaxy Management Inc $633,000 Fidelity National Title Co
Golden Jeffrey I -- Advantage Title Inc
Burgos John $450,000 Advantage Title Company
Dharmasuriya Jay -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baywest11 Llc $730,000
Previous Owner Burgos John $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2018 02/27/18 Sold $1,095,000 -0.5% $231 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $1,100,000 +73.8% $232 / Sq Ft
05/15/2015 05/15/15 Sold $633,000 -12.7% $133 / Sq Ft View Prior Sale
04/21/2015 04/21/15 Pending -- -- --
04/07/2014 04/07/14 For Sale $725,000 +61.1% $153 / Sq Ft
10/10/2012 10/10/12 Sold $450,000 -9.1% $86 / Sq Ft View Prior Sale
09/15/2012 09/15/12 Pending -- -- --
02/23/2012 02/23/12 For Sale $495,000 -- $94 / 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 $15,742 $1,592,719 $682,696 $910,023
2024 $15,742 $1,221,490 $669,310 $552,180
2023 $15,451 $1,197,540 $656,187 $541,353
2022 $14,762 $1,174,060 $643,321 $530,739
2021 $14,569 $1,151,040 $630,707 $520,333
2019 $14,163 $1,117,740 $612,000 $505,740
2018 $8,911 $669,454 $301,034 $368,420
2016 $8,453 $642,653 $289,346 $353,307
2015 $6,290 $461,073 $297,136 $163,937
2014 $6,307 $452,042 $291,316 $160,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17279898

California Regional Multiple Listing Service (CRMLS)

APN: 7454-027-017

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