NOT LISTED FOR SALE

621 W 3rd St San Pedro, CA 90731

Estimated Value: $1,136,000 - $1,599,000

6 Beds
5 Baths
3,381 Sq Ft
$395/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $1,260,000 $373 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,331/month

17 Days on Market

Highlights

  • Craftsman Architecture
  • Neighborhood Views
  • Double Pane Windows
  • No HOA
  • Hiking Trails
  • Laundry Room

About This Home

As of March 2022

One-Of-A-Kind Craftsman Triplex with ALL units completely remodeled less than one year ago (April 2021) featuring (2) 1 bedroom/1 bathroom units, and (1) 4 bedroom /2.5 bathroom unit. Perfect Investment Opportunity in a high demand rental area for either an owner-occupied situation, or renting out all three units. New paint, new laminate floors, new kitchens with white shaker cabinets, quartz countertops, appliances including gas range ovens and dishwashers, new bathrooms, new wall heaters, new water heaters, new light fixtures and mostly all new double pane windows throughout. Front unit features 1 bedroom / 1 full bathroom, approximately 642 sq. ft., fenced front yard area, porch, bright living room plus dining area, and spacious remodeled kitchen. Attached middle unit features 3 Bedrooms + finished basement with one bedroom plus two large storage(bonus) rooms / 2.5 Bathrooms, and three stories. Main House is approximately 1,544 sq. ft., and finished basement is approximately 722 sq. ft. Entry level you will find a spacious bright living room with fireplace (decorative) and dining area, kitchen, full bath, and one bedroom. Upstairs offers two bedrooms and half bathroom. Downstairs massive "basement" area offers full living room with fireplace (decorative) plus extended bonus area, one bedroom, two roomy storage rooms, and a bathroom with stand-alone shower. Detached rear unit above garages is private, offering 1 bedroom / 1 full bathroom, approximately 451 sq. ft., with kitchen open to the living room. Below is a storage unit plus a 4-car garage! Each 1 bedroom unit has a motor operated 1-car garage, and the 4 bedroom unit has a 2-car garage. All units share a laundry room with (leased) coin operated washer/dryer. Separate gas and electric meters. Ample grassy yard space in between buildings. Rents are all at market value. Centrally located, walking distance to grocery stores, restaurants, shops, Starbucks, and has easy 110 freeway and Bridge access. Also located just minutes to Downtown San Pedro, new San Pedro Public Market, Cabrillo Beach, Point Fermin Park, Korean Bell, hiking and bike paths and much more!

Last Agent to Sell the Property

Nicole Vuoso

Estate Properties License #01895727 Listed on: 01/18/2022

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,047

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,006 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Triplex
  • Craftsman Architecture
  • Turnkey

Interior Spaces

  • 3,381 Sq Ft Home
  • Decorative Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Closed Circuit Camera
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 12 / 11
  • Tax Tract Number 1
  • Assessor Parcel Number 7451019012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,880
  • Water Sewer Expense $1,800
  • Operating Expense $4,880
  • Gross Income $76,200
  • Net Operating Income $71,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,047

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 396333
  • Property Attached: Yes
  • Security: Closed Circuit Camera(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR2
  • Architectural Style: Craftsman
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7451019012
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Fireplace Features: Family Room, Living Room, Decorative
  • Levels: Three Or More
  • Price Per Square Foot: 372.67
  • Window Features: Double Pane Windows

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 5006.00
  • Lot Size Acres: 0.1149

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 76200.00
  • Gross Scheduled Income: 76200.00
  • Insurance Expense: 1880.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 300.00
  • Lot Size Area: 5006.0000 Square Feet
  • Net Operating Income: 71320.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 4880.00
  • Rent Control: Yes
  • Total Actual Rent: 36600.00
  • Total Expenses: 4880.00

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 2966.00
  • Tax Lot: 12
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Soto Richard and Soto Family Trust
Bought by
Jones Ronald E and Jones Ramona A
Current Estimated Value
$1,336,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Jones Ronald E $700,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Ronald E $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2022 03/21/22 Sold $1,260,000 +6.0% $373 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $1,189,000 0.0% $352 / Sq Ft
06/19/2021 06/19/21 Rented $2,775 -0.7% --
05/08/2021 05/08/21 For Rent $2,795 -- --
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 $16,047 $1,337,121 $647,336 $689,785
2024 $16,047 $1,310,904 $634,644 $676,260
2023 $15,735 $1,285,200 $622,200 $663,000
2022 $8,720 $714,000 $448,800 $265,200
2021 $8,607 $700,000 $440,000 $260,000
2020 $1,013 $60,015 $21,265 $38,750
2019 $986 $58,840 $20,849 $37,991
2018 $902 $57,688 $20,441 $37,247
2017 $883 $56,558 $20,041 $36,517
2016 $835 $55,450 $19,649 $35,801
2015 $825 $54,618 $19,354 $35,264
2014 $819 $53,549 $18,975 $34,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22006538

California Regional Multiple Listing Service (CRMLS)

APN: 7451-019-012