NOT LISTED FOR SALE
12 Beds
6 Baths
6,792 Sq Ft
6,501 Sq Ft Lot

Sale Details

Date 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
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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

Amenities

  • Laundry Facilities

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Zeppos Law Group Llp
Parks John D $1,325,000 Fidelity National Title
Salevurakis Harry -- None Available
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
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

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

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
2026 $19,116 $1,537,773 $580,291 $957,482
2025 $19,116 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18036789

California Regional Multiple Listing Service (CRMLS)
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