NOT LISTED FOR SALE

609 S Meyler St San Pedro, CA 90731

Estimated Value: $749,964 - $836,000

3 Beds
2 Baths
8,806 Sq Ft
$89/Sq Ft Est. Value

Last Sold December 02, 2014

Last sale price $1,425,000 $162 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $4,692/month

22 Days on Market

Highlights

  • Marina
  • Dual Staircase
  • Laundry Room
  • Harbor Views
  • Corner Lot
  • Carpet

About This Home

As of December 2014

Very desirable 6 unit non rent control building plus 1 non-conforming studio located on the top of a hill in charming San Pedro neighborhood. Consists of 6 extra large 2 bedroom 1.75 bath units with tremendous rental upside - Can get to 11.59 GRM at market rents. Quiet location on large 9,612 sqft corner lot near schools. All units have harbor facing balconies and separate laundry facilities; two corner units have ocean views. Great curb appeal with tile roof and some gated parking under building.

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 09/21/2014

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Marie Hoffman

Keller Williams South Bay License #01070673

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,889

Year Built

  • Built in 1987

Lot Details

  • 9,612 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Tile Roof

Interior Spaces

  • 8,806 Sq Ft Home
  • Dual Staircase
  • Living Room with Fireplace
  • Carpet
  • Harbor Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 39-4
  • Tax Tract Number 6099
  • Assessor Parcel Number 7451033040

Community Details

Overview

  • 7 Units

Recreation

  • Marina

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $3,522
  • Maintenance Expense $5,156
  • Professional Management Expense $5,156
  • Trash Expense $1,148
  • Water Sewer Expense $3,600
  • New Taxes Expense $19,100
  • Gross Income $9,045
  • Net Operating Income $58,743

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,889

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • CapRate: 3.67
  • Professional Management Expense: 5156.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7451033040
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 161.82

Exterior Features

  • View: Harbor
  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup
  • Trash Expense: 1148.00
  • Water Source: Public

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9612.00
  • Lot Size Acres: 0.2210

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 9045.00
  • Gross Multiplier: 14.73
  • Gross Scheduled Income: 108540.00
  • Insurance Expense: 3522.00
  • Lot Size Area: 9612.0000 Square Feet
  • Maintenance Expense: 5156.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 58743.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 44370.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 19100.00
  • Tax Lot: 39-4
  • Tax Tract Number: 6099
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2023
Sold by
Gimpel Pamela R
Bought by
Gimpel Sarah B
Current Estimated Value
$787,991

Purchase Details

Closed on
Jan 13, 2023
Sold by
Hausken Sharon S
Bought by
Gimpel Pamela R

Purchase Details

Closed on
Jan 6, 2023
Sold by
Sizemore Dana Martin
Bought by
Gimpel Pamela R

Purchase Details

Closed on
May 12, 2017
Sold by
Hausken Ellis
Bought by
Hausken Sharon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2008
Sold by
Hauske Sharon S and Gimpel Pamela
Bought by
Hausken Sharon S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gimpel Sarah B -- None Listed On Document
Gimpel Pamela R -- None Listed On Document
Gimpel Pamela R -- None Listed On Document
Hausken Sharon S -- Pacific Coast Title Company
Hausken Sharon S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hausken Sharon S $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2014 12/02/14 Sold $1,425,000 -10.9% $162 / Sq Ft
10/13/2014 10/13/14 Pending -- -- --
09/21/2014 09/21/14 For Sale $1,599,000 -- $182 / 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 $4,889 $405,243 $321,226 $84,017
2024 $4,889 $397,298 $314,928 $82,370
2023 $699 $48,028 $17,886 $30,142
2022 $669 $47,087 $17,536 $29,551
2021 $653 $46,165 $17,193 $28,972
2019 $634 $44,797 $16,684 $28,113
2018 $577 $43,919 $16,357 $27,562
2016 $534 $42,216 $15,723 $26,493
2015 $527 $41,583 $15,487 $26,096
2014 $536 $40,769 $15,184 $25,585
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14204002

California Regional Multiple Listing Service (CRMLS)

APN: 7447-005-005