Seller's Agent in 2019
Lenny LaRocca
Compass
(310) 614-2958
4 in this area
57 Total Sales
655 W 14th St San Pedro, CA 90731
Estimated Value: $1,152,000 - $1,289,000
8
Beds
5
Baths
4,168
Sq Ft
$294/Sq Ft
Est. Value
Highlights
- Spanish Architecture
- Neighborhood Views
- Tile Countertops
- San Pedro Senior High School Rated A-
- Balcony
- Laundry Room
About This Home
As of July 2019Super San Pedro Investment Opportunity with great upside! Excellent 4 unit property featuring 4,168sf living on a 5,003sf lot with 3 - 1 car garages and 3 open driveway parking spaces and lots of street parking. Unit mix; 1x3bed/2bath, 2x2bed/1bath and 1x1bed/1bath for a total of 8beds/5baths. All units occupied with long term tenants ALL on Month-to-Month leases. All leases below market and if adjusted can add $825+/mo additional income or $9,900+/yr additional income. Property has central laundry room for all tenants and generates approximately $150/mo of additional income. Located on tree lined residential street close to everything including shopping, restaurants and freeway access. Ideal for the experienced investor looking for upside cashflow and equity and 1st time investors for a "sound" investment. Property sold "as is."
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1981
Lot Details
- 5,003 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 3 Open Parking Spaces
- 3 Car Garage
Home Design
- Spanish Architecture
- Property Attached
- Turnkey
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 4,168 Sq Ft Home
- 1-Story Property
- Neighborhood Views
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Tile Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Outdoor Features
- Balcony
- Rain Gutters
Utilities
- Central Heating
- Radiant Heating System
Listing and Financial Details
- Assessor Parcel Number 7454028007
Community Details
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $792
- Insurance Expense $2,958
- Other Expense $432
- Trash Expense $2,772
- Water Sewer Expense $6,000
- New Taxes Expense $12,187
- Operating Expense $25,741
- Gross Income $67,050
- Net Operating Income $46,759
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2019
Closed on
Jun 20, 2019
Sold by
Wehbe Aldahara
Bought by
Wehbe Michael
Seller's Agent
Lenny LaRocca
Compass
Buyer's Agent
Lenny LaRocca
Compass
List Price
$975,000
Sold Price
$928,000
Premium/Discount to List
-$47,000
-4.82%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,899
Avg. Annual Appreciation
4.17%
Original Mortgage
$696,000
Outstanding Balance
$609,460
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$616,439
Purchase Details
Listed on
Jun 5, 2019
Closed on
Jun 17, 2019
Sold by
Daly Michael F and Laing Susan L
Bought by
Wehbe Michael
Seller's Agent
Lenny LaRocca
Compass
Buyer's Agent
Lenny LaRocca
Compass
List Price
$975,000
Sold Price
$928,000
Premium/Discount to List
-$47,000
-4.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Outstanding Balance
$609,460
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$616,439
Purchase Details
Closed on
Sep 23, 2004
Sold by
Santos Maria C
Bought by
Daly Michael F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 2, 2000
Sold by
Budd Douglas P
Bought by
Santos Maria C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,735
Interest Rate
8.25%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 20, 1999
Sold by
Santos Maria C
Bought by
Budd Douglas P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,735
Interest Rate
7.82%
Purchase Details
Closed on
Jan 2, 1998
Sold by
A And S Joint Venture
Bought by
Santos Maria C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,567
Interest Rate
7.05%
Mortgage Type
FHA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wehbe Michael | -- | Stewart Title Company | |
| Wehbe Michael | $928,000 | Stewart Title Company | |
| Daly Michael F | $640,000 | Lawyers Title | |
| Santos Maria C | -- | Lawyers Title Company | |
| Budd Douglas P | $340,000 | Lawyers Title Company | |
| Santos Maria C | $243,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wehbe Michael | $696,000 | |
| Previous Owner | Daly Michael F | $512,000 | |
| Previous Owner | Santos Maria C | $344,735 | |
| Previous Owner | Budd Douglas P | $344,735 | |
| Previous Owner | Santos Maria C | $232,567 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2019 07/10/19 | Sold | $928,000 | -4.8% | $223 / Sq Ft |
| 06/08/2019 06/08/19 | Pending | -- | -- | -- |
| 06/05/2019 06/05/19 | For Sale | $975,000 | -- | $234 / 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 | $12,459 | $1,014,899 | $503,075 | $511,824 |
| 2024 | $12,459 | $995,000 | $493,211 | $501,789 |
| 2023 | $12,222 | $975,491 | $483,541 | $491,950 |
| 2022 | $11,660 | $956,364 | $474,060 | $482,304 |
| 2021 | $11,501 | $937,613 | $464,765 | $472,848 |
| 2019 | $9,867 | $799,710 | $499,821 | $299,889 |
| 2018 | $9,766 | $784,030 | $490,021 | $294,009 |
| 2016 | $9,304 | $753,588 | $470,994 | $282,594 |
| 2015 | $9,170 | $742,270 | $463,920 | $278,350 |
| 2014 | $9,187 | $727,731 | $454,833 | $272,898 |
Source: Public Records
Agents Affiliated with this Home
-
Lenny LaRocca
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19132543
APN: 7454-028-007
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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