NOT LISTED FOR SALE

Estimated Value: $1,172,000 - $1,292,000

4 Beds
3 Baths
2,352 Sq Ft
$526/Sq Ft Est. Value

Sale Details

Date Sold: December 28, 2016

Last sale price $806,500 $343 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $7,678 / mo

12 Days on Market

Highlights

  • Ocean View
  • Craftsman Architecture
  • Corner Lot
  • San Pedro Senior High School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of December 2016

This wonderful 3 unit property is in a prime Pt Fermin location and sits on a large 7200+ sq ft elevated corner lot with ocean, harbor and Angel's Gate views from each unit. Main house features 2 bedrooms, 1 bath, living room with fireplace, upgraded kitchen and indoor laundry in approx. 1170 sq ft of living area. Duplex in the back offers two spacious 1 bedroom 1 bath units. Four garages in the alley, one for each unit and one for the owner or extra rental income. Garages for back units include laundry area for each. A little exterior paint and landscaping and this becomes a trophy property located just a few short blocks from the ocean. This same property in neighboring beach communities would be twice the price. Don't miss it!

Last Agent to Sell the Property

Gary Krill

Compass License #01086159 Listed on: 10/28/2016

Compass

Last Buyer's Agent

Gary Krill

Compass License #01086159 Listed on: 10/28/2016

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,283 Sq Ft Lot
  • 1 Common Wall
  • Southeast Facing Home
  • Masonry wall
  • Block Wall Fence
  • Needs Fence Repair
  • Corner Lot
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Property Views

  • Ocean
  • Harbor

Home Design

  • Triplex
  • Craftsman Architecture
  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,352 Sq Ft Home
  • Living Room with Fireplace
  • Free-Standing Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in Garage
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 7467
  • Assessor Parcel Number 7467012035

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Maintenance Expense $3,000
  • Water Sewer Expense $2,100
  • New Taxes Expense $9,000
  • Gross Income $44,880
  • Net Operating Income $28,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

7,283 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: LAR1
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7467012035
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 342.90

Exterior Features

  • Direction Faces: Southeast
  • View: Harbor, Ocean
  • Fence: Yes
  • Fencing: Block, Masonry, Needs Repair
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Refrigerator
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7283.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 588 Square Feet
  • Average2 Bed Area: 1176 Square Feet
  • Gross Income: 44880.00
  • Gross Multiplier: 16.70
  • Gross Scheduled Income: 44880.00
  • Insurance Expense: 1500.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 28680.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 16200.00
  • Rent Control: Yes
  • Total Actual Rent: 3740.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 2976.02
  • Tax Lot: 14
  • Tax Tract Number: 7467

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

Listed on
Oct 28, 2016
Closed on
Dec 20, 2016
Sold by
Bought by
Seller's Agent
Gary Krill
Compass
Buyer's Agent
Gary Krill
Compass
List Price
$749,900
Sold Price
$806,500
Premium/Discount to List
$56,600
7.55%
Current Estimated Value
$1,236,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,320
Avg. Annual Appreciation
4.58%
Original Mortgage
$395,000
Interest Rate
0.0394%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 28, 2016
Closed on
Nov 21, 2016
Sold by
Bought by
Seller's Agent
Gary Krill
Compass
Buyer's Agent
Gary Krill
Compass
List Price
$749,900
Sold Price
$806,500
Premium/Discount to List
$56,600
7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
0.0394%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$800,000 Fidelity National Title Co
-- Fidelity National Title Co
-- None Available
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
Open $395,000
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
12/28/2016 12/28/16 Sold $806,500 +7.5% $343 / Sq Ft
11/10/2016 11/10/16 For Sale $749,900 -7.0% $319 / Sq Ft
11/07/2016 11/07/16 Off Market $806,500 -- --
10/28/2016 10/28/16 For Sale $749,900 -- $319 / 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
2025 $11,490 $928,465 $580,292 $348,173
2024 $11,336 $910,261 $568,914 $341,347
2023 $11,119 $892,413 $557,759 $334,654
2022 $10,606 $874,916 $546,823 $328,093
2021 $10,471 $857,761 $536,101 $321,660
2019 $10,161 $832,320 $520,200 $312,120
2018 $10,049 $816,000 $510,000 $306,000
2016 $1,617 $114,693 $49,891 $64,802
2015 $1,597 $112,971 $49,142 $63,829
2014 $1,624 $110,759 $48,180 $62,579
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16732261

California Regional Multiple Listing Service (CRMLS)

APN: 7467-012-035

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