NOT LISTED FOR SALE

Estimated Value: $797,541

5 Beds
2 Baths
2,246 Sq Ft
$355/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2019

Last sale price $550,000 $245 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,009 / mo

147 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Floor Furnace
  • No HOA
  • Bungalow
  • Carpet

About This Home

As of January 2019

A block and a half from the up and coming downtown Arts District of San Pedro sits this original craftsman style duplex on desirable 7th Street. On a LAC2 zoned 5,000 SqFt lot with 25’ street frontage and alley access. This property is part of the Central Commercial C Subarea of the new Community Plan Implementation Overlay District (CPIO) going into effect June 26th, 2018 to setting forth new development standard that expand future potential and use for this property. Buy now and develop later! The downstairs unit hosts a charming 3 bedroom, 1 bath unit with a large living room, kitchen, and in-unit laundry. The upstairs unit is a 2 bedroom, 1 bath that will be delivered vacant at the close of escrow, and is ready for your personal touch. There is potential to add value to this unit by creating additional bedrooms and bathrooms within the existing floorplan. This property can additionally be accessed through the back alley where currently there is a large grass area and an oversized 30’ long garage. This is a great property for an investor looking for something with a lot of upside potential!

Last Agent to Sell the Property

Lauren Weber

Compass License #01872730 Listed on: 06/22/2018

Compass

Co-Listed By

Michelle Accetta

Beach City Brokers License #01915986

Last Buyer's Agent

Oriana Shea

Real Brokerage Technologies License #01217538

Real Brokerage Technologies
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 5,000 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Bungalow
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,246 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 13245
  • Assessor Parcel Number 7454002005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $7,275
  • Operating Expense $7,275
  • Net Operating Income $37,860

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

5,000 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Zoning: LAC2
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7454002005
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Levels: Two
  • Price Per Square Foot: 244.88

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Gross Scheduled Income: 38400.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 37860.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 540.00
  • Rent Control: Yes
  • Total Expenses: 7275.00

Tax Info

  • New Taxes Expense: 7275.00
  • Tax Census Tract: 2966.00
  • Tax Lot: 6
  • Tax Tract Number: 13245

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
Jun 22, 2018
Closed on
Dec 21, 2018
Sold by
Bought by
Seller's Agent
Lauren Weber
Compass
Buyer's Agent
Oriana Shea
Real Brokerage Technologies
List Price
$590,000
Sold Price
$550,000
Premium/Discount to List
-$40,000
-6.78%
Current Estimated Value
$797,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,541
Avg. Annual Appreciation
5.07%
Original Mortgage
$300,000
Outstanding Balance
$258,401
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$539,140
Source: Public Records

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
$550,000 Progressive Title
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 $300,000
Previous Owner $250,000
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
01/29/2019 01/29/19 Sold $550,000 0.0% $245 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
10/01/2018 10/01/18 Price Changed $550,000 -6.8% $245 / Sq Ft
06/22/2018 06/22/18 For Sale $590,000 -- $263 / 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 $7,604 $613,531 $435,051 $178,480
2024 $7,498 $601,502 $426,521 $174,981
2023 $7,355 $589,708 $418,158 $171,550
2022 $7,016 $578,146 $409,959 $168,187
2021 $6,921 $566,811 $401,921 $164,890
2019 $8,589 $702,603 $462,399 $240,204
2018 $8,494 $688,828 $453,333 $235,495
2017 $8,272 $675,323 $444,445 $230,878
2016 $729 $45,936 $41,816 $4,120
2015 $720 $45,247 $41,188 $4,059
2014 $736 $44,362 $40,382 $3,980
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18141983

California Regional Multiple Listing Service (CRMLS)

APN: 7454-002-005

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