NOT LISTED FOR SALE

641 Shepard St San Pedro, CA 90731

12 Beds
6 Baths
6,792 Sq Ft
6,499 Sq Ft Lot

Last Sold March 27, 2018

Last sale price $1,325,000 $195 Per Sq Ft

3 Days on Market

Highlights

  • Property is near park
  • Corner Lot
  • No HOA
  • San Pedro Senior High School Rated A-
  • Private Yard
  • 5-minute walk to Point Fermin Park

About This Home

As of March 2018

LOCATION...LOCATION....LOCATION! Classic 6-units located half a block to the cliffs overlooking the blue Pacific, Catalina Island & Pt. Fermin Park. Each unit is spacious (approx 1130 sf each) and all have been meticulously maintained. Nice kitchens and baths. All units have washer/dryer hookups. Two of the units have service porches and great views of the ocean. Owner has recently replaced electrical meters per City code. There are 5 garages off the alley. Most units have balconies/porches for enjoying the cool ocean breezes.

Last Agent to Sell the Property

Sharon McHale

Estate Properties License #01214227 Listed on: 02/16/2018

Last Buyer's Agent

Gordon Inman

Keller Williams Realty License #00446156

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 6,792 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Living Room Balcony

Kitchen

  • Gas Cooktop
  • Tile Countertops

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 6 / 7
  • Tax Tract Number 2976
  • Assessor Parcel Number 7467029006

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Gardener Expense $1,655
  • Insurance Expense $2,405
  • Trash Expense $6,096
  • New Taxes Expense $18,687
  • Operating Expense $13,046
  • Gross Income $79,140
  • Net Operating Income $66,094

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

6,501 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Zoning: LAR1
  • Property Type: Residential Income
  • Gardener Expense: 1655.00
  • Parcel Number: 7467029006
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Living Room Balcony, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 195.08
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 6096.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Lawn, Level with Street, Park Nearby, Yard
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 1132 Square Feet
  • Gross Income: 79140.00
  • Gross Operating Income: 79140.00
  • Gross Scheduled Income: 79140.00
  • Insurance Expense: 2405.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 66094.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Number With Range: 6
  • Operating Expense: 13046.00
  • Rent Control: Yes
  • Total Expenses: 13046.00

Tax Info

  • New Taxes Expense: 18687.00
  • Tax Block: 7
  • Tax Census Tract: 2976.01
  • Tax Lot: 6
  • Tax Tract Number: 2976
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

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2018 03/27/18 Sold $1,325,000 -11.4% $195 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
02/16/2018 02/16/18 For Sale $1,495,000 -- $220 / 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 $18,841 $1,507,621 $568,913 $938,708
2024 $18,841 $1,478,060 $557,758 $920,302
2023 $18,489 $1,449,079 $546,822 $902,257
2022 $17,655 $1,420,666 $536,100 $884,566
2021 $17,414 $1,392,811 $525,589 $867,222
2019 $16,908 $1,352,100 $510,000 $842,100
2018 $2,235 $108,286 $38,972 $69,314
2016 $2,040 $103,506 $37,459 $66,047
2015 $2,022 $101,952 $36,897 $65,055
2014 $2,069 $99,956 $36,175 $63,781
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: SB18036789

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.