Seller's Agent in 2021
Stephen Lampe
RE/MAX
(310) 802-2500
12 in this area
45 Total Sales
632 W 32nd St San Pedro, CA 90731
Estimated Value: $670,000 - $746,000
2
Beds
2
Baths
912
Sq Ft
$788/Sq Ft
Est. Value
Highlights
- Peek-A-Boo Views
- Corner Lot
- 1-Story Property
- San Pedro Senior High School Rated A-
- Cul-De-Sac
About This Home
As of November 2021This delightful corner duplex, is a close distance to Cabrillo Beach and Point Fermin Lighthouse Park. If you are looking for income and a beach location property, this is the perfect place to start! Enjoy cool ocean breezes and a nice neighborhood feel with this easy to manage low maintenance income property! Excellent location across from Pt. Fermin Elementary School, and very close to many activities: hiking, swimming, biking, sailing, and picnicking in nearby parks that are within walking distance. Located near retail stores, coffee shops and the multimillion dollar LA Waterfront Development.
Side-by-side 1 bedroom units are rented and each unit has its own yard area for Southern CA outdoor living and the rear unit has a peek-a-boo ocean view. One half of the oversized double garage rents for $190/month. The rear unit (#634) was remodeled in 2018. New split air conditioning/heating units were installed in both units in 2020. All windows were replaced in both units with dual pane in 2018. Rents are below market with upside upon unit turnover. This is an excellent opportunity for the astute investor.
Last Agent to Sell the Property
Re/Max Commercial & Investment License #01164364 Listed on: 08/18/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 2,500 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Corner Lot
- Level Lot
Parking
- 2 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 912 Sq Ft Home
- 1-Story Property
- Peek-A-Boo Views
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 25 / 17
- Assessor Parcel Number 7465027023
- $150 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $1,200
- Maintenance Expense $1,330
- Water Sewer Expense $1,200
- New Taxes Expense $7,188
- Operating Expense $12,318
- Gross Income $190
- Net Operating Income $22,205
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 13, 2007
Sold by
Halme Jill Chien
Bought by
Halme Steven C and Halme Jill Chien
Current Estimated Value
Purchase Details
Closed on
Oct 31, 2005
Sold by
Halme Steven
Bought by
Halme Jill Chien
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Outstanding Balance
$180,817
Interest Rate
1.37%
Mortgage Type
Negative Amortization
Estimated Equity
$537,640
Purchase Details
Closed on
Oct 12, 2005
Sold by
Spencer Chris
Bought by
Halme Jill Chien
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Outstanding Balance
$180,817
Interest Rate
1.37%
Mortgage Type
Negative Amortization
Estimated Equity
$537,640
Purchase Details
Closed on
May 27, 2005
Sold by
The Estate Of William V Sarin
Bought by
Spencer Chris
Purchase Details
Closed on
Jan 10, 2002
Sold by
Parks John
Bought by
Sarin William V
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Halme Steven C | -- | None Available | |
| Halme Jill Chien | -- | First American Title Company | |
| Halme Jill Chien | $610,000 | First American Title Co | |
| Spencer Chris | $399,000 | -- | |
| Sarin William V | $195,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Halme Jill Chien | $476,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2021 11/10/21 | Sold | $599,000 | 0.0% | $657 / Sq Ft |
| 11/01/2021 11/01/21 | Pending | -- | -- | -- |
| 09/13/2021 09/13/21 | Price Changed | $599,000 | -11.3% | $657 / Sq Ft |
| 08/18/2021 08/18/21 | For Sale | $675,000 | -- | $740 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $7,641 | $635,662 | $476,481 | $159,181 |
| 2024 | $7,641 | $623,199 | $467,139 | $156,060 |
| 2023 | $7,493 | $610,980 | $457,980 | $153,000 |
| 2022 | $7,141 | $599,000 | $449,000 | $150,000 |
| 2021 | $6,499 | $540,000 | $326,100 | $213,900 |
| 2020 | $6,211 | $505,000 | $305,000 | $200,000 |
| 2019 | $6,080 | $505,000 | $305,000 | $200,000 |
| 2018 | $6,155 | $505,000 | $305,000 | $200,000 |
| 2017 | $5,599 | $460,000 | $384,600 | $75,400 |
| 2016 | $4,626 | $380,000 | $317,700 | $62,300 |
| 2015 | $6,534 | $540,000 | $451,400 | $88,600 |
| 2014 | $5,474 | $440,000 | $367,800 | $72,200 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Lampe
-
Steven Lee
Buyer's Agent in 2021
Steven Lee
Top Brokers
(714) 397-3177
1 in this area
31 Total Sales
-
Michelle Cho
Buyer Co-Listing Agent in 2021
Michelle Cho
Top Brokers
(714) 451-1700
1 in this area
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21182954
APN: 7465-027-023
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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