$1,089,000
SOLD NOV 3, 2023

561 W 12th St San Pedro, CA 90731

6 Beds
4 Baths
2,672 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$408 Per Sq Ft

1% Below List Price

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Neighborhood Views
  • Attic
  • No HOA
  • Ductless Heating Or Cooling System

About This Home

As of June 2025

Remodeled cash cow triplex with 4th non-permitted unit located near Plaza Park in San Pedro.! Unit mix includes 3 bedroom, 2 bedroom, 1 bedroom with office, and studio. Each unit has its own garage for a total of 4. 6 total electric meters and 4 gas meters. The astonishing West Harbor project is being built nearby with a massive $500 million private development replacing the famous but dated Ports O’Call with 42-acres of retail and 5 times the outdoor space of the Grove. In addition, the port of Los Angeles is spending 1 billion dollars in redevelopment for the area over a 10 year period. Real estate in this area feels reminiscent of Inglewood and its SoFi Stadium project, but perhaps even more grand. This is now the place to be to get in early!

Last Agent to Sell the Property

Bret Lewis

Bret Lewis, Broker License #01872524 Listed on: 09/12/2023

Last Buyer's Agent

Sonia Aldana

RE/MAX Select One License #01519162

RE/MAX Select One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,498

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Turnkey

Interior Spaces

  • 2,672 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Urban Location

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 28 / 11
  • Assessor Parcel Number 7454020025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $99,900
  • Net Operating Income $99,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,498

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 850-621-5700
  • Price Per Unit: 272250
  • Property Attached: No
  • View: Yes
  • Zoning: LARD1.5
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7454020025
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front or Rear
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 407.56
  • Room Type: All Bedrooms Down, Attic, Laundry

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Ductless, Wall Furnace
  • Laundry Features: Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Gross Income: 99900.00
  • Gross Scheduled Income: 99900.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 99900.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Other Income Description: Proforma
  • Rent Control: Yes

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 2969.02
  • Tax Lot: 28
  • Tax Tract Number: RUD...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Sep 29, 2023
Sold by
Simple Buy Llc
Bought by
Giang Quyen T
Seller's Agent
Bret Lewis
Bret Lewis, Broker
Buyer's Agent
Sonia Aldana
RE/MAX Select One
List Price
$1,099,000
Sold Price
$1,089,000
Premium/Discount to List
-$10,000
-0.91%
Views
140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$816,750
Outstanding Balance
$803,093
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$386,989

Purchase Details

Listed on
Jan 8, 2021
Closed on
Mar 31, 2021
Sold by
Kim Jung Kyung and Jung Kyung Kim
Bought by
Simple Buy Llc
Seller's Agent
Hae Lee
Redpoint Realty
Buyer's Agent
Tara Riggi
Y Realty
List Price
$799,000
Sold Price
$715,000
Premium/Discount to List
-$84,000
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.86%
Original Mortgage
$300,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2019
Sold by
Kim Jin Wook and Kim Jung Kyung
Bought by
Kim Jung Kyung and Jung Kyung Kim Revocable Livin

Purchase Details

Closed on
Sep 6, 2017
Sold by
The Jung Kyung Kim Revocable Living Trus
Bought by
The Jin Wook Kim & Jubng Kyung Kims Fami

Purchase Details

Closed on
Sep 28, 2015
Sold by
Kim Jung Kyung
Bought by
The Jung Kyung Kim Revocable Living Trus

Purchase Details

Closed on
Aug 19, 2005
Sold by
Kim Jin Wook
Bought by
Kim Jung Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2005
Sold by
Maltin David and Schillo John
Bought by
Kim Jung Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2003
Sold by
Biazevich Nicholas
Bought by
Maltin David and Schillo John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,750
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,089,000 Ticor Title Company
Grant Deed $715,000 Usa National Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $520,000 Fidelity National Title Co
Grant Deed $335,000 Fidelity
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $816,750 New Conventional
Previous Owner $300,000 Commercial
Previous Owner $300,000 New Conventional
Previous Owner $178,750 Commercial
Previous Owner $536,250 Commercial
Previous Owner $448,000 Unknown
Previous Owner $416,000 New Conventional
Previous Owner $247,750 Purchase Money Mortgage
Closed $20,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $2,700 0.0% $4 / Sq Ft
06/16/2025 06/16/25 Sold $1,200,000 0.0% --
06/16/2025 06/16/25 For Rent $2,800 0.0% --
05/12/2025 05/12/25 Pending -- -- --
11/25/2024 11/25/24 For Sale $1,250,000 +14.8% --
11/03/2023 11/03/23 Sold $1,089,000 0.0% $408 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
09/19/2023 09/19/23 Price Changed $1,089,000 -0.9% $408 / Sq Ft
09/12/2023 09/12/23 For Sale $1,099,000 +53.7% $411 / Sq Ft
04/13/2021 04/13/21 Sold $715,000 +2.3% $268 / Sq Ft
03/01/2021 03/01/21 Price Changed $699,000 -12.5% $262 / Sq Ft
02/20/2021 02/20/21 For Sale $799,000 +11.7% $299 / Sq Ft
02/20/2021 02/20/21 Off Market $715,000 -- --
01/08/2021 01/08/21 For Sale $799,000 -- $299 / 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
2024 $13,498 $1,089,000 $600,000 $489,000
2023 $9,355 $743,886 $457,776 $286,110
2022 $8,926 $729,300 $448,800 $280,500
2021 $8,121 $656,494 $403,999 $252,495
2020 $8,200 $649,763 $399,857 $249,906
2019 $7,882 $637,023 $392,017 $245,006
2018 $7,773 $624,533 $384,331 $240,202
2017 $7,042 $570,000 $350,800 $219,200
2016 $6,964 $570,000 $350,800 $219,200
2015 $6,607 $540,000 $332,300 $207,700
2014 $4,373 $345,000 $212,300 $132,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23170856

California Regional Multiple Listing Service (CRMLS)

APN: 7454-020-025