NOT LISTED FOR SALE

635 W 5th St San Pedro, CA 90731

Estimated Value: $1,223,000 - $1,534,000

8 Beds
5 Baths
4,479 Sq Ft
$315/Sq Ft Est. Value

Last Sold April 04, 2014

Last sale price $780,000 $174 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $8,674/month

74 Days on Market

Highlights

  • Harbor Views
  • Laundry Room
  • Ceiling Fan
  • Balcony
  • Storage
  • Carpet

About This Home

As of April 2014

Large, super clean, well maintained NON RENT CONTROL 4-PLEX sitting high atop 5th Street. Raised foundation, copper plumbed this building features a very nice 3 Bed, 2.5 Bath townhome style owners unit with Harbor & P.V Views, balcony and washer/dryer hookups inside. 2 Units are 2/1 and the fourth unit is a massive 1/1! All units are very large with spacious living rooms, large bedrooms, oversized closets and balconies!!! 7 car parking spaces for tenants as well!

Last Agent to Sell the Property

Hady Chahine

Estate Properties License #01302060 Listed on: 11/21/2013

Co-Listed By

Hassana Chahine

RE/MAX Estate Properties License #01063746

Last Buyer's Agent

Roko Vulin

West Shores Realty, Inc. License #01915276

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,784

Year Built

  • Built in 1978

Lot Details

  • 5,000 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Property Views

  • Harbor
  • City Lights

Home Design

  • Property Attached
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 4,479 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Storage

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces

Outdoor Features

  • Balcony

Utilities

  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 2966
  • Assessor Parcel Number 7451029031

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $922
  • Insurance Expense $1,900
  • Trash Expense $1,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,812
  • Gross Income $5,032
  • Net Operating Income $45,154

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,784

Year Built

Built in 1978

Lot Details

0

Listing Details

  • CapRate: 5.65
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 7451029031
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s), Copper Plumbing Full, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 174.15
  • Room Type: Master Bedroom

Exterior Features

  • View: City Lights, Harbor
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Refrigerator
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, In Kitchen, Individual Room, Washer Included
  • Sewer: Sewer Paid
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 922.00
  • Gross Income: 5032.00
  • Gross Scheduled Income: 60384.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 45154.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15230.00
  • Rent Control: No
  • Total Actual Rent: 5032.00

Tax Info

  • New Taxes Expense: 9812.00
  • Tax Lot: 10
  • Tax Tract Number: 2966
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2013
Closed on
Feb 6, 2014
Sold by
Eades Robert M and Eades Joanna
Bought by
Hammond Christopher P and Abundo Evelyn M
Seller's Agent
Hady Chahine
Estate Properties
Buyer's Agent
Roko Vulin
West Shores Realty, Inc.
List Price
$785,000
Sold Price
$780,000
Premium/Discount to List
-$5,000
-0.64%
Current Estimated Value
$1,411,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$631,642
Avg. Annual Appreciation
4.98%
Original Mortgage
$546,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 17, 2012
Closed on
Mar 6, 2012
Sold by
Ruggera Michael B and Ruggera Frances L
Bought by
Eades Robert M and Eades Joanna
Seller's Agent
Sheri Kapust
Estate Properties
Buyer's Agent
Hassana Chahine
RE/MAX Estate Properties
List Price
$679,000
Sold Price
$679,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$509,250
Interest Rate
3.84%
Mortgage Type
New Conventional
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
Hammond Christopher P $780,000 Progressive Title Company
Eades Robert M $679,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammond Christoper P $537,000
Previous Owner Hammond Christopher P $546,000
Previous Owner Eades Robert M $509,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2014 04/04/14 Sold $780,000 -0.6% $174 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
11/21/2013 11/21/13 For Sale $785,000 +15.6% $175 / Sq Ft
03/27/2012 03/27/12 Sold $679,000 0.0% $152 / Sq Ft
02/24/2012 02/24/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $679,000 -- $152 / 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 $11,784 $956,163 $404,529 $551,634
2024 $11,784 $937,416 $396,598 $540,818
2023 $11,560 $919,036 $388,822 $530,214
2022 $11,030 $901,017 $381,199 $519,818
2021 $10,876 $883,351 $373,725 $509,626
2019 $10,554 $857,152 $362,641 $494,511
2018 $10,457 $840,346 $355,531 $484,815
2017 $10,231 $823,869 $348,560 $475,309
2016 $9,962 $807,716 $341,726 $465,990
2015 $9,819 $795,584 $336,593 $458,991
2014 $8,810 $695,724 $388,335 $307,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13235505

California Regional Multiple Listing Service (CRMLS)

APN: 7451-029-031