NOT LISTED FOR SALE

622 W 2nd St Unit 624 San Pedro, CA 90731

Estimated Value: $834,000 - $989,000

3 Beds
3 Baths
1,552 Sq Ft
$567/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $780,000 $503 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,213/month

128 Days on Market

About This Home

As of November 2022

Investor Opportunity Alert! This is a great triplex to add to anyones portfolio and is well maintained. Front unit is 2 bed/1ba, middle is 1bed/1bath, and back unit is a studio with additional storage. Solid tenants and in a great location with easy access to the freeway and the San Pedro waterfront. Don't miss out on this one!

Last Agent to Sell the Property

Frances Baldwin

Excel Funding Real Estate Services, Inc. License #01194971 Listed on: 04/22/2022

Last Buyer's Agent

Silvia Marin

Cristal Real Estate Group License #01794939

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,742

Year Built

  • Built in 1915

Lot Details

  • 4,998 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • 1,552 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 24 / 13
  • Tax Tract Number 13245
  • Assessor Parcel Number 7451009021

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Water Sewer Expense $109
  • Operating Expense $160
  • Gross Income $4,770
  • Net Operating Income $4,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,742

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Price Per Unit: 265000
  • Property Attached: No
  • Water Sewer Expenses: 109.47
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7451009021
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 502.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4998.00
  • Lot Size Acres: 0.1147

Multi Family

  • Gross Income: 4770.00
  • Gross Scheduled Income: 4770.00
  • Lot Size Area: 4998.0000 Square Feet
  • Net Operating Income: 4610.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 160.00
  • Rent Control: Yes
  • Total Expenses: 160.00

Tax Info

  • Tax Area: 13245
  • Tax Block: 13
  • Tax Census Tract: 2966.00
  • Tax Lot: 24
  • Tax Tract Number: 13245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2022
Sold by
Feinberg Alan and Feinberg Narcissa
Bought by
Martinez Maria L
Current Estimated Value
$840,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2018
Sold by
Witte Virginia and The Tembladory Family Trust
Bought by
Witte Virginia and Temblador Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2018
Sold by
Temblador Simone Dianthe
Bought by
Temblador Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 2018
Sold by
Witte David Alan
Bought by
Witte Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1997
Sold by
Temblador Consuelo
Bought by
Temblador Family Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Martinez Maria L $780,000 Fidelity National Title
Witte Virginia $360,000 First American Title Company
Temblador Gabriel -- First American Title Company
Witte Virginia -- First American Title
Temblador Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Maria L $595,000
Previous Owner Witte Virginia $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/02/2022 11/02/22 Sold $780,000 -1.9% $503 / Sq Ft
06/01/2022 06/01/22 Price Changed $795,000 -6.5% $512 / Sq Ft
04/22/2022 04/22/22 For Sale $850,000 +32.8% $548 / Sq Ft
04/13/2021 04/13/21 Sold $640,000 -3.8% $413 / Sq Ft View Prior Sale
01/27/2021 01/27/21 Price Changed $665,000 -1.5% $429 / Sq Ft
11/17/2020 11/17/20 Price Changed $675,000 -2.9% $435 / Sq Ft
10/14/2020 10/14/20 For Sale $695,000 -- $448 / 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 $9,742 $811,512 $567,018 $244,494
2024 $9,742 $795,600 $555,900 $239,700
2023 $9,552 $780,000 $545,000 $235,000
2022 $7,883 $652,800 $423,300 $229,500
2021 $4,394 $351,450 $236,734 $114,716
2020 $4,435 $347,847 $234,307 $113,540
2019 $4,265 $341,027 $229,713 $111,314
2018 $675 $38,728 $20,441 $18,287
2017 $661 $37,970 $20,041 $17,929
2016 $545 $37,227 $19,649 $17,578
2015 $539 $36,668 $19,354 $17,314
2014 $532 $35,950 $18,975 $16,975
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22082797

California Regional Multiple Listing Service (CRMLS)

APN: 7451-009-021