NOT LISTED FOR SALE

643 W 5th St San Pedro, CA 90731

Estimated Value: $923,000 - $1,092,000

6 Beds
4 Baths
2,378 Sq Ft
$421/Sq Ft Est. Value

Last Sold July 19, 2017

Last sale price $689,000 $290 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,038/month

11 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Block Wall Fence
  • Tile Flooring
  • Rectangular Lot
  • Wall Furnace

About This Home

As of July 2017

Excellent Opportunity to acquire a Very Well Maintained 4-Unit property in San Pedro! This asset is made up of two 2 Bed/1 Bath units & two 1 Bed/1 Bath units. Two units upstairs & two downstairs. Strong Occupancy, all units are month to month. Tenants pay Gas & Electric, separate Gas & Electric meters for each unit. Enclosed Laundry Room with Landlord Owned Coin Operated Washer & Dryer. The structure & common area has very low maintenance. Property is located close to Ports O'Call/ Port of LA, Downtown San Pedro, Restaurants, Parks & 110 Frwy. Great property for first time or seasoned investor!

Last Agent to Sell the Property

Rita Garland

Berkshire Hathaway HomeServices California Properties License #01330192 Listed on: 06/12/2017

Last Buyer's Agent

Christopher Shypkowski

Vista Sotheby’s International Realty License #01910432

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,633

Year Built

  • Built in 1954

Lot Details

  • 5,000 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Front Yard Sprinklers

Home Design

  • 2,378 Sq Ft Home
  • Property Attached
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Shared Driveway

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Free-Standing Range
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 9
  • Assessor Parcel Number 7451029007

Community Details

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $583
  • Gardener Expense $600
  • Insurance Expense $1,993
  • Pest Control $480
  • Trash Expense $1,784
  • Water Sewer Expense $2,604
  • New Taxes Expense $6,732
  • Operating Expense $16,752
  • Net Operating Income $30,156

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,633

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2604.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7451029007
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 289.74

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered, Shared Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Gas & Electric Dryer Hookup, Individual Room
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 1784.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Rectangular Lot, Sprinklers In Front
  • Lot Size Sq Ft: 5000.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 583.00
  • Gross Scheduled Income: 46908.00
  • Insurance Expense: 1993.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 30156.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 16752.00
  • Rent Control: Yes
  • Total Expenses: 16752.00

Tax Info

  • New Taxes Expense: 6732.00
  • Tax Census Tract: 2966.00
  • Tax Lot: 9
  • Tax Tract Number: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2017
Closed on
Jul 4, 2017
Sold by
Bronstein John D and Bronstein Melanie S
Bought by
Correa Gregory and Correa Lisa J
Seller's Agent
Rita Garland
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Christopher Shypkowski
Vista Sotheby’s International Realty
List Price
$689,000
Sold Price
$689,000
Current Estimated Value
$1,000,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,204
Avg. Annual Appreciation
4.60%

Purchase Details

Closed on
Jul 3, 2014
Sold by
Garland Matthew R and Garland Rita L
Bought by
John D & Melanie B Bronstein Family Trus

Purchase Details

Closed on
Jun 21, 2007
Sold by
Garland Mathew and Garland Rita
Bought by
Garland Mathew R and Garland Rita L

Purchase Details

Closed on
Aug 20, 2003
Sold by
Taboada Fortunato and Lopez Jorge H
Bought by
Garland Mathew and Garland Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 1996
Sold by
Garcia Hermelinda
Bought by
Taboada Fortunato

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,950
Interest Rate
7.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 5, 1996
Sold by
Federal National Mortgage Association
Bought by
Taboada Fortunato and Lopez Jorge N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,950
Interest Rate
7.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 6, 1995
Sold by
Borrelli Luigi and Borrelli Giorgio
Bought by
Federal National Mortgage Association
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
Correa Gregory $689,000 Ticor Title Company
John D & Melanie B Bronstein Family Trus $540,000 Ticor Title Company
Garland Mathew R -- None Available
Garland Mathew -- --
Taboada Fortunato -- --
Taboada Fortunato $135,000 Fidelity National Title Ins
Federal National Mortgage Association $248,009 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garland Mathew $155,000
Previous Owner Taboada Fortunato $130,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2017 07/19/17 Sold $689,000 0.0% $290 / Sq Ft
06/12/2017 06/12/17 For Sale $689,000 -- $290 / 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 $9,633 $783,959 $375,481 $408,478
2024 $9,633 $768,588 $368,119 $400,469
2023 $9,450 $753,518 $360,901 $392,617
2022 $9,016 $738,744 $353,825 $384,919
2021 $8,899 $724,260 $346,888 $377,372
2019 $8,637 $702,780 $336,600 $366,180
2018 $8,527 $689,000 $330,000 $359,000
2017 $6,954 $559,198 $222,643 $336,555
2016 $6,781 $548,234 $218,278 $329,956
2015 $6,684 $540,000 $215,000 $325,000
2014 $5,543 $434,931 $289,955 $144,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17128144

California Regional Multiple Listing Service (CRMLS)

APN: 7451-029-007