NOT LISTED FOR SALE
10 Beds
10 Baths
6,497 Sq Ft
4,999 Sq Ft Lot

Sale Details

Date Sold: February 11, 2020

Last sale price $1,830,000 $282 Per Sq Ft

114 Days on Market

Highlights

  • Marina View
  • Traditional Architecture
  • Double Pane Windows
  • San Pedro Senior High School Rated A-
  • Balcony
  • Living Room

About This Home

As of February 2020

5 Unit town home style building in a highly desirable and upcoming area of san Pedro.
Trophy building, built in 1983; spacious 1250 Sqft tri-level units with attached 2 car garage, automatic
doors and direct access to the units . These 2 bedrooms 2 bath with a spacious bonus room offers panoramic
harbor and bridge views from the 3rd story balcony. Units are in good condition with no deferred
maintenance. Individual electric and gas meters. Nearby & in construction is the $ Billion+ San Pedro
Waterfront project, also nearby is the San Pedro Farmer’s Market , Cabrillo Beach, Cabrillo Marina,
Point Fermin, White Point Parks and Vincent Thomas Bridge. Close to Terranea and the Trump National
golf Course. Easy access to the Freeways. DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Angela Parekh

Pinnacle Estate Properties License #01186271 Listed on: 10/04/2019

Pinnacle Estate Properties

Last Buyer's Agent

August Wen

Century 21 Masters License #01229094

Century 21 Masters
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 4,999 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage
  • Side Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Automatic Gate
  • On-Street Parking

Property Views

  • Marina
  • Harbor
  • City Lights

Home Design

  • Traditional Architecture
  • Apartment
  • Composition Roof

Interior Spaces

  • 6,497 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Screens
  • Living Room
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Upper Level Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating
  • Standard Electricity
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Legal Lot and Block 12 / 13
  • Tax Tract Number 2969
  • Assessor Parcel Number 7462005010

Community Details

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $726
  • Gardener Expense $960
  • Insurance Expense $3,500
  • Water Sewer Expense $5,316
  • New Taxes Expense $27,500
  • Operating Expense $38,002
  • Net Operating Income $77,198

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

4,999 Sq Ft Lot

Parking

10

Listing Details

  • CapRate: 4.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 5316.00
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7462005010
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 281.67
  • Room Type: All Bedrooms Up, Living Room
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • View: City Lights, Harbor, Marina
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking Features: Garage, Garage Faces Side, Garage - Single Door, Garage Door Opener, Street
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, No Landscaping
  • Lot Size Sq Ft: 4999.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Average2 Bed Area: 1299 Square Feet
  • Electric Expense: 726.00
  • Gross Multiplier: 19.10
  • Gross Scheduled Income: 115200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 4999.0000 Square Feet
  • Net Operating Income: 77198.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Patio: 5
  • Number With Range: 5
  • Operating Expense: 38002.00
  • Rent Control: No
  • Total Actual Rent: 9600.00
  • Total Expenses: 38002.00

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Block: 13
  • Tax Census Tract: 2969.01
  • Tax Lot: 12
  • Tax Tract Number: 2969.1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2023
Sold by
Lee Danny T and Lee Pearl Y
Bought by

Purchase Details

Listed on
Oct 4, 2019
Closed on
Jan 27, 2020
Sold by
Rosen Barry
Bought by
Lee Danny T and Lee Pearl Y
Seller's Agent
Angela Parekh
Pinnacle Estate Properties
Buyer's Agent
August Wen
Century 21 Masters
List Price
$2,200,000
Sold Price
$1,830,000
Premium/Discount to List
-$370,000
-16.82%

Purchase Details

Closed on
Sep 30, 2015
Sold by
Lcd Investments Llc
Bought by
Rosen Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 2007
Sold by
Drehs Larry Warren and Drehs Cynthia Ann
Bought by
Lcd Investments Llc

Purchase Details

Closed on
Dec 21, 2006
Sold by
Drehs Larry Warren and Drehs Cynthia Ann
Bought by
Lcd Investments Llc

Purchase Details

Closed on
May 24, 2002
Sold by
Redmond Frank
Bought by
Drehs Larry Warren and Drehs Cynthia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,600
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 1998
Sold by
Galletti Bros Invs
Bought by
Redmond Frank
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in San Pedro, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Lee Danny T $1,830,000 Priority Title Company
Rosen Barry $1,210,000 Ortc
Lcd Investments Llc -- None Available
Lcd Investments Llc -- None Available
Drehs Larry Warren $699,000 Stewart Title
Redmond Frank $325,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $370,000
Previous Owner Lcd Investments Llc $250,000
Previous Owner Drehs Larry Warren $520,600
Previous Owner Edmond Frank $88,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2020 02/11/20 Sold $1,830,000 -16.8% $282 / Sq Ft
01/26/2020 01/26/20 Pending -- -- --
10/04/2019 10/04/19 For Sale $2,200,000 +81.8% $339 / Sq Ft
12/07/2015 12/07/15 Sold $1,210,000 -6.6% $186 / Sq Ft View Prior Sale
09/25/2015 09/25/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $1,295,000 -- $199 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19235557

California Regional Multiple Listing Service (CRMLS)
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