NOT LISTED FOR SALE

Estimated Value: $995,000 - $1,205,340

6 Beds
4 Baths
2,745 Sq Ft
$400/Sq Ft Est. Value

Sale Details

Date Sold: April 17, 2012

Last sale price $450,000 $164 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $6,653 / mo

162 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Ceramic Countertops
  • San Pedro Senior High School Rated A-
  • No HOA
  • Floor Furnace

About This Home

As of April 2012

This 4 unit has been well cared for by it's long term owner's. The front owners unit has just been remodeled with new kitchen cabinets, ceramic tile counter tops, new stove , carpeting, window covering and more. The roof is approximately 5 years old. Each unit has a one car enclosed garage. Over the years the windows have been replaced. There is a large laundry room that the owner doesn't use that can accommodate several coin operated Laundry machines which can easily increase revenue. One for the 2 bedroom units is currently vacant and is available to view. This property is low maintenance and easy to rent.

Last Agent to Sell the Property

Peter Califano

Califano Realty License #00702659 Listed on: 09/15/2011

Last Buyer's Agent

Gaetano Califano

Califano Realty License #00765847

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,749 Sq Ft Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,745 Sq Ft Home
  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Stucco

Kitchen

  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Floor Furnace
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 4 / 13
  • Assessor Parcel Number 7454026004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,350
  • Pest Control $200
  • Water Sewer Expense $1,500
  • New Taxes Expense $5,988
  • Gross Income $3,610
  • Net Operating Income $33,132

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

6,749 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 6.63
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7454026004
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Unfurnished
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 163.93

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 200.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6749.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3610.00
  • Gross Multiplier: 11.60
  • Gross Scheduled Income: 43020.00
  • Insurance Expense: 1350.00
  • Lot Size Area: 6749.0000 Square Feet
  • Net Operating Income: 33132.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 9888.00
  • Rent Control: Yes
  • Total Actual Rent: 2535.00

Tax Info

  • New Taxes Expense: 5988.00
  • Tax Block: 13
  • Tax Lot: 4
  • Tax Tract Number: Ruden
  • Tax Year: 2010

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2014
Sold by
Bought by
Current Estimated Value
$1,099,335

Purchase Details

Listed on
Sep 15, 2011
Closed on
Apr 4, 2012
Sold by
Bought by
Seller's Agent
Peter Califano
Califano Realty
Buyer's Agent
Gaetano Califano
Califano Realty
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
$450,000 Fidelity National Title Co
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/17/2012 04/17/12 Sold $450,000 -9.8% $164 / Sq Ft
02/24/2012 02/24/12 Pending -- -- --
09/15/2011 09/15/11 For Sale $499,000 -- $182 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,316 $565,214 $314,008 $251,206
2024 $7,206 $554,132 $307,851 $246,281
2023 $7,074 $543,267 $301,815 $241,452
2022 $6,759 $532,616 $295,898 $236,718
2021 $6,667 $522,174 $290,097 $232,077
2019 $6,476 $506,909 $281,494 $225,415
2018 $6,333 $496,975 $275,975 $221,000
2016 $6,037 $477,466 $265,259 $212,207
2015 $5,952 $470,295 $261,275 $209,020
2014 $5,950 $461,083 $256,157 $204,926
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11121996

California Regional Multiple Listing Service (CRMLS)

APN: 7454-026-004

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