NOT LISTED FOR SALE

583 W 40th St San Pedro, CA 90731

Estimated Value: $1,307,000 - $1,445,000

4 Beds
2 Baths
1,891 Sq Ft
$731/Sq Ft Est. Value

Last Sold January 10, 2023

Last sale price $1,208,000 $639 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,776/month

52 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Property is near public transit
  • Updated Kitchen
  • Contemporary Architecture
  • High Ceiling

About This Home

As of January 2023

Located in the "boutique little gem" Point Fermin area of Coastal San Pedro. This rare, charming & spacious cottage-style home features 1,891 Sq Ft of living space. 4 bedrooms with a primary suite and 2 full baths.

This home is located just a steps from Cabrillo Beach, Point Fermin Park and Angels Gate Park.

Breathe in the sea air & listen for the sea lions as you walk through the gate under a white arbor into the beautifully landscaped front yard. You’ll fall in love with the blue window shutters and front door. Step into pride of ownership complete with hardwood flooring in the living dining and 3 front bedrooms and easy-care carpeting in the living room and master suite.

This very special seaside home features an open floorplan and lofted ceilings with high-end finishes, including a remodeled kitchen with hardwood maple cabinets, pull-out pantry and soft closing drawers. High-end stainless-steel LG appliances and Italian tile flooring. The open floor plan includes a kitchen facing bar facing & granite countertops. The front 3 bedrooms are readily accessible from the hallway boasting a washer/dryer set and cabinetry behind folding doors.

The remodeled bath gleams with light from the skylight and features brass plated fixtures. All 3 front bedrooms have lovely full-size dual pane windows and full-size closets.

The master bedroom suite shines with the light flowing from well-placed windows and a full-length sliding door opening to the back deck. The spacious ensuite bath features designer tiles, skylight and a soaking tub


Other features: Spacious 6100 Sq Ft lot, front & backyard fully fenced, an area for a boat or RV or possible ADU, step-down decks off the family and primary bedroom to the courtyard, alley access to the 2-car garage, dual pane windows, steps to Cabrillo beach and Point Fermin Park. All high-end appliances, sky lights in both baths and a Home Warranty.

Last Agent to Sell the Property

Sally Steele

Keller Williams Realty License #01362779 Listed on: 09/30/2022

Keller Williams Realty

Last Buyer's Agent

Donald McVicar

DOMO Real Estate License #01424805

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,940

Year Built

  • Built in 1948

Lot Details

  • 6,100 Sq Ft Lot
  • Fenced
  • Fence is in average condition
  • Landscaped
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard
  • On-Hand Building Permits
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Cottage
  • Turnkey
  • Additions or Alterations
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,891 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Window Screens
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Storage
  • Tile Flooring
  • Property Views

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Gas and Electric Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Self-Closing Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Low Flow Toliet
  • Soaking Tub
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 2 / 5
  • Tax Tract Number 14
  • Assessor Parcel Number 7467027002

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,940

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LAR1
  • Architectural Style: Contemporary, Cottage
  • Property Condition: Additions/Alterations, Building Permit, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7467027002
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1891.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Built-in Features, Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 638.82
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Suite, Walk-In Closet
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower In Tub, Granite Counters, Main Floor Full Bath, Remodeled, Soaking Tub
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen, Self-Closing Cabinet Doors

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Average Condition
  • Patio And Porch Features: Concrete, Patio Open, Front Porch, Rear Porch
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas & Electric Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, In Closet, Inside, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Hiking, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Near Public Transit, Walkstreet, Yard
  • Lot Size Sq Ft: 6100.00
  • Lot Size Acres: 0.1400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6100.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 2976.01
  • Tax Lot: 2
  • Tax Tract Number: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2022
Closed on
Jan 3, 2023
Sold by
Wells Dayna K
Bought by
Ibarra Sergio and Sugimori Lisa
Seller's Agent
Sally Steele
Keller Williams Realty
Buyer's Agent
Donald McVicar
DOMO Real Estate
List Price
$1,299,000
Sold Price
$1,208,000
Premium/Discount to List
-$91,000
-7.01%
Views
52
Current Estimated Value
$1,382,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,098
Avg. Annual Appreciation
4.23%
Original Mortgage
$1,000,000
Outstanding Balance
$971,063
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$375,355

Purchase Details

Closed on
Jun 21, 2017
Sold by
Wells Raymond A
Bought by
Wells Dayna K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2005
Sold by
Wells Raymond Alan and Wells Dayna K
Bought by
Wells Raymond A

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
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 17, 1993
Sold by
Cameron Dorothy and Cameron Jean
Bought by
Cameron William Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.09%

Purchase Details

Closed on
Nov 23, 1993
Sold by
Cameron George and Cameron William C
Bought by
Wells Raymond Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.09%
Source: Public Records

Range of Values:

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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
Ibarra Sergio $1,198,000 Fidelity National Title
Wells Dayna K -- Title 365
Wells Raymond A -- --
Cameron William Charles -- Gateway Title Company
Wells Raymond Alan $225,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibarra Sergio $1,000,000
Previous Owner Wells Dayna K $382,200
Previous Owner Wells Dayna K $403,000
Previous Owner Wells Raymond A $60,000
Previous Owner Wells Raymond A $417,000
Previous Owner Wells Raymond A $390,000
Previous Owner Wells Raymond A $396,000
Previous Owner Wells Raymond A $400,500
Previous Owner Wells Raymond A $408,000
Previous Owner Wells Raymond A $250,000
Previous Owner Wells Raymond Alan $250,000
Previous Owner Wells Raymond Alan $178,250
Previous Owner Wells Raymond Alan $50,000
Previous Owner Wells Raymond Alan $205,000
Previous Owner Wells Raymond Alan $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2023 01/10/23 Sold $1,208,000 -3.2% $639 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
10/26/2022 10/26/22 Price Changed $1,248,000 -3.9% $660 / Sq Ft
09/30/2022 09/30/22 For Sale $1,299,000 -- $687 / 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
2025 $14,940 $1,246,399 $936,776 $309,623
2024 $14,940 $1,221,960 $918,408 $303,552
2023 $5,373 $431,671 $294,050 $137,621
2022 $4,774 $394,356 $288,285 $106,071
2021 $4,708 $386,625 $282,633 $103,992
2019 $4,566 $375,158 $274,250 $100,908
2018 $4,496 $367,803 $268,873 $98,930
2016 $4,282 $353,523 $258,433 $95,090
2015 $4,220 $348,214 $254,552 $93,662
2014 $4,239 $341,394 $249,566 $91,828
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22210122

California Regional Multiple Listing Service (CRMLS)

APN: 7467-027-002