NOT LISTED FOR SALE

576 W 4th St San Pedro, CA 90731

Estimated Value: $1,030,000 - $1,193,000

8 Beds
4 Baths
3,198 Sq Ft
$348/Sq Ft Est. Value

Last Sold September 28, 2017

Last sale price $750,900 $235 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,723/month

11 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Open Floorplan
  • Granite Countertops
  • Cabrillo Avenue Elementary School Rated 9+
  • Wood Flooring
  • Lawn

About This Home

As of September 2017

4 Units Investment property in the heart of the hottest rental market! Great Cash flows at 5.68% cap rate! Each unit has approximately 800 square feet living space. Great property with all four units rented to stable and long term tenants. Each unit has a covered garage space and there is ample outside parking as well. Two single-level front units features a private patio/garden area. One of the two stacked-units in the back has great city view. All units feature two good size bed rooms, one full bath, individual washer/dryer hook ups and large living area. Front unit has its own fireplace. This is a very high demand rental area due to its proximity to labor hub of Los Angeles and Long Beach area. Near to 110, 710 and 405 freeways, Downtown, Ports O' Call Village and San Pedro Marina. Two units have been completely remodeled and/or upgrades, including granite counter top, ceramic tiles, appliances and new paints. Tenants pay their own electricity and gas. Landlord pays water/trash. Please do not disturb tenants. Offers are subjected to buyer's inspection upon acceptance.

Last Agent to Sell the Property

Henry Dang

ML Consulting & Development License #01233158 Listed on: 07/21/2017

Last Buyer's Agent

Doug Lawson

Lyon Stahl Investment Real Estate, Inc. License #02034909

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Level Lot
  • Lawn
  • Garden

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,198 Sq Ft Home
  • Open Floorplan
  • Window Screens
  • Family Room with Fireplace
  • Living Room
  • Carbon Monoxide Detectors

Kitchen

  • Gas Range
  • Granite Countertops
  • Ceramic Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / 4
  • Tax Tract Number 13245
  • Assessor Parcel Number 7451018015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $240
  • Insurance Expense $1,315
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,124
  • Operating Expense $13,579
  • Gross Income $55,057
  • Net Operating Income $41,478

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

5,000 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.68
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: unknown
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 240.00
  • Parcel Number: 7451018015
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceramic Counters, Granite Counters, Laminate Counters, Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 234.80
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Water Heater
  • Electric: Standard
  • Heating Type: Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Lawn, Level with Street
  • Lot Size Sq Ft: 5000.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 858 Square Feet
  • Gross Income: 55057.00
  • Gross Scheduled Income: 56760.00
  • Insurance Expense: 1315.00
  • Net Operating Income: 41478.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 13579.00
  • Rent Control: Yes
  • Total Actual Rent: 4730.00
  • Total Expenses: 13579.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9124.00
  • Tax Block: 4
  • Tax Census Tract: 2966
  • Tax Lot: 16
  • Tax Tract Number: 13245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2017
Closed on
Sep 5, 2017
Sold by
Nguyen Tri and Nguyen Thinh T
Bought by
Corbett Conrad and Corbett Colby
Seller's Agent
Henry Dang
ML Consulting & Development
Buyer's Agent
Doug Lawson
Lyon Stahl Investment Real Estate, Inc.
List Price
$729,900
Sold Price
$750,900
Premium/Discount to List
$21,000
2.88%
Current Estimated Value
$1,111,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,758
Avg. Annual Appreciation
4.73%
Original Mortgage
$563,175
Outstanding Balance
$469,785
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$641,873

Purchase Details

Closed on
Jun 11, 2015
Sold by
Nguyen Tri Van and Nguyen Thinh T
Bought by
Tri Van Nguyen & Thinh T Nguyen Family T

Purchase Details

Closed on
May 11, 2012
Sold by
Martinez Oscar
Bought by
Nguyen Tri V and Nguyen Thinh T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2005
Sold by
Martinez Josefina
Bought by
Martinez Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,000
Interest Rate
7.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2004
Sold by
Martinez Josefina
Bought by
Martinez Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2002
Sold by
Edwards Craig A and Edwards Yue Ping
Bought by
Martinez Oscar and Martinez Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,438
Interest Rate
6.7%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 1995
Sold by
Imbagliazzo Frances
Bought by
Imbagliazzo Ray A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
9.87%

Purchase Details

Closed on
Aug 24, 1995
Sold by
Imbagliazzo Ray A and Tumasella Santo
Bought by
Edwards Craig A and Edwards Yue Ping He

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
9.87%
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
Corbett Conrad $751,000 First American Title Company
Tri Van Nguyen & Thinh T Nguyen Family T -- None Available
Nguyen Tri V $405,000 Fidelity National Title Co
Martinez Oscar -- Fidelity National Title Co
Martinez Oscar -- Ltc
Martinez Oscar $360,000 Commonwealth Land Title Co
Imbagliazzo Ray A -- Fidelity National Title Ins
Edwards Craig A $187,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corbett Conrad $563,175
Previous Owner Nguyen Tri V $283,500
Previous Owner Martinez Oscar $458,000
Previous Owner Martinez Oscar $386,250
Previous Owner Martinez Oscar $354,438
Previous Owner Edwards Craig A $149,600
Closed Edwards Craig A $18,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2017 09/28/17 Sold $750,900 +2.9% $235 / Sq Ft
07/21/2017 07/21/17 For Sale $729,900 +80.2% $228 / Sq Ft
07/13/2012 07/13/12 Sold $405,000 +8.0% $127 / Sq Ft View Prior Sale
03/15/2012 03/15/12 Pending -- -- --
02/15/2012 02/15/12 For Sale $375,000 -- $117 / 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 $10,506 $854,390 $569,936 $284,454
2024 $10,506 $837,638 $558,761 $278,877
2023 $10,306 $821,214 $547,805 $273,409
2022 $9,833 $805,113 $537,064 $268,049
2021 $9,701 $789,328 $526,534 $262,794
2019 $9,414 $765,918 $510,918 $255,000
2018 $9,314 $750,900 $500,900 $250,000
2017 $5,456 $429,718 $270,564 $159,154
2016 $5,303 $421,293 $265,259 $156,034
2015 $5,228 $414,966 $261,275 $153,691
2014 -- $406,838 $256,157 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17168065

California Regional Multiple Listing Service (CRMLS)

APN: 7451-018-015

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