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Seller's Agent in 2022
George Leonard
Century 21 Coastal Properties
551 W Macarthur Ave San Pedro, CA 90731
Estimated Value: $1,066,873 - $1,202,000
8
Beds
7
Baths
3,420
Sq Ft
$328/Sq Ft
Est. Value
Highlights
- Laundry Room
- Tile Flooring
- Central Heating and Cooling System
- San Pedro Senior High School Rated A-
- 4 Detached Carport Spaces
- Block Wall Fence
About This Home
As of February 2022EXCELLENT INVESTMENT OPPORTUNITY. Built in 1981 - not under City of LA Rent Control Ordinance, but under California Rent Control. Rents are well below rents of like units in area so this property has a great deal of potential.
These 4 units are located in beach city of San Pedro. 2 Townhome Style units with 2 bedroom 2 bath (Unit A and Unit B), plus 2 One-Level units with 2 bedrooms each (Unit C has 1 bath and Unit D has 2 bath). Each unit has 2 off-street covered parking spaces. Common laundry room with Washer and Dryer. All units have Central Air. This property only minutes away from the New Water Front Market under development, shopping, dining, beaches, cruise terminal and parks.
Last Agent to Sell the Property
George Leonard
Century 21 Coastal Properties License #00672595 Listed on: 01/03/2022
Co-Listed By
Hayley Leonard
Century 21 Coastal Properties License #02078660
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1981
Lot Details
- 4,801 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Gentle Sloping Lot
Home Design
- Property Attached
- Flat Roof Shape
- Rolled or Hot Mop Roof
- Partial Copper Plumbing
Interior Spaces
- 3,420 Sq Ft Home
- 2-Story Property
- Gas Oven
- Laundry Room
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Parking
- 4 Open Parking Spaces
- 8 Parking Spaces
- 4 Detached Carport Spaces
- Parking Available
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 8 / 6
- Tax Tract Number 2431
- Assessor Parcel Number 7448021008
- $478 per year additional tax assessments
Community Details
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 5 Separate Gas Meters
- Gardener Expense $450
- Other Expense $137
- Pest Control $564
- Water Sewer Expense $3,013
- Operating Expense $4,164
- Gross Income $51,300
- Net Operating Income $47,136
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 3, 2022
Closed on
Jan 25, 2022
Sold by
Stosel Trust
Bought by
Salvatore Cracchiolo Living Revocable Trust
Seller's Agent
George Leonard
Century 21 Coastal Properties
Buyer's Agent
Gary Krill
Compass
List Price
$950,000
Sold Price
$1,035,000
Premium/Discount to List
$85,000
8.95%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,968
Avg. Annual Appreciation
2.02%
Original Mortgage
$776,250
Outstanding Balance
$720,807
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$402,161
Purchase Details
Closed on
Mar 3, 2004
Sold by
Hoff Roger D and Hoff Jerry A
Bought by
Hoff Roger D
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salvatore Cracchiolo Living Revocable Trust | $1,035,000 | Priority Title | |
| Salvatore Cracchiolo Living Re | $1,035,000 | Priority Title | |
| Hoff Roger D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Salvatore Cracchiolo Living Re | $776,250 | |
| Closed | Salvatore Cracchiolo Living Revocable Trust | $776,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $1,035,000 | +8.9% | $303 / Sq Ft |
| 01/18/2022 01/18/22 | Pending | -- | -- | -- |
| 01/03/2022 01/03/22 | For Sale | $950,000 | -- | $278 / 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 | $13,436 | $1,098,349 | $657,948 | $440,401 |
| 2024 | $13,436 | $1,076,814 | $645,048 | $431,766 |
| 2023 | $13,179 | $1,055,700 | $632,400 | $423,300 |
| 2022 | $6,198 | $488,059 | $136,645 | $351,414 |
| 2021 | $6,107 | $478,490 | $133,966 | $344,524 |
| 2020 | $6,162 | $473,585 | $132,593 | $340,992 |
| 2019 | $5,931 | $464,300 | $129,994 | $334,306 |
| 2018 | $5,829 | $455,197 | $127,446 | $327,751 |
| 2016 | $5,545 | $437,524 | $122,499 | $315,025 |
| 2015 | $5,467 | $430,953 | $120,659 | $310,294 |
| 2014 | $5,476 | $422,512 | $118,296 | $304,216 |
Source: Public Records
Agents Affiliated with this Home
-
-
H
Seller Co-Listing Agent in 2022
Hayley Leonard
Century 21 Coastal Properties
-
Gary Krill
Buyer's Agent in 2022
Gary Krill
Compass
(310) 994-3922
110 in this area
144 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21270582
APN: 7448-021-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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