NOT LISTED FOR SALE

673 W 2nd St San Pedro, CA 90731

Estimated Value: $1,096,000 - $1,538,000

2 Beds
1 Bath
3,302 Sq Ft
$389/Sq Ft Est. Value

Last Sold June 27, 2014

Last sale price $660,000 $200 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $7,589/month

30 Days on Market

About This Home

As of June 2014

Excellent four unit in San Pedro. Well Maintained. Great location near shops, restaurants and freeway. Fully occupied. Separate parking and separate meters for each unit. NO Rent Control. Laundry on site. Built in 1983. Upside potential, rents below market value. Great opportunity to add to your portfolio. Please do not disturb occupants. Offers subject to interior inspection.

Last Agent to Sell the Property

Matthew Hoffman

Matthew Hoffman Real Estate License #01427564 Listed on: 03/31/2014

Last Buyer's Agent

Tabatha Hoffman

Davis & Davis Associates License #01206565

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,357

Year Built

  • Built in 1983

Lot Details

  • 4,993 Sq Ft Lot
  • Lot Dimensions are 40 x 125
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • 3,302 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Legal Lot and Block 4 / 12
  • Tax Tract Number 2966
  • Assessor Parcel Number 7451016004

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $4,600
  • Net Operating Income $32,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,357

Year Built

Built in 1983

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7451016004
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 199.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 40 x 125
  • Lot Size Sq Ft: 4993.00
  • Lot Size Acres: 0.1150

Multi Family

  • Gross Income: 4600.00
  • Gross Scheduled Income: 56000.00
  • Lot Size Area: 4993.0000 Square Feet
  • Net Operating Income: 32220.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 21280.00
  • Rent Control: No

Tax Info

  • Tax Block: 12
  • Tax Lot: 4
  • Tax Tract Number: 2966
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2014
Closed on
May 5, 2014
Sold by
Nuthall Richard G
Bought by
Isoda Yokio and Isoda Nobuko
Seller's Agent
Matthew Hoffman
Matthew Hoffman Real Estate
Buyer's Agent
Matthew Hoffman
Matthew Hoffman Real Estate
List Price
$709,999
Sold Price
$660,000
Premium/Discount to List
-$49,999
-7.04%
Current Estimated Value
$1,284,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$624,979
Avg. Annual Appreciation
6.06%
Original Mortgage
$495,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2013
Sold by
Nuthall Richard G
Bought by
Nuthall Richard G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2003
Sold by
Keasler Trace P
Bought by
Nuthall Richard G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
5.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 2002
Sold by
Keasler Julie
Bought by
Keasler Trace P

Purchase Details

Closed on
Mar 12, 2002
Sold by
Vulin Roko
Bought by
Keasler Trace P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,260
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2000
Sold by
Garland Mathew R and Garland Rita L
Bought by
Vulin Roko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
8.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 1997
Sold by
Federal National Mortgage Association
Bought by
Garland Mathew R and Garland Rita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,950
Interest Rate
7.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 17, 1997
Sold by
Motokane Earl S and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,950
Interest Rate
7.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 4, 1996
Sold by
Motokane Earl S
Bought by
Peterson Steven Richard
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Isoda Yokio $660,000 Pacific Coast Title Company
Nuthall Richard G -- Lsi
Nuthall Richard G -- Lsi
Nuthall Richard G $470,000 North American Title Co
Keasler Trace P -- California Title Company
Keasler Trace P $435,000 California Title Company
Vulin Roko $220,000 Chicago Title Co
Garland Mathew R $187,000 Fidelity National Title Ins
Federal National Mortgage Association $176,052 Landsafe Title
Peterson Steven Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Isoda Yokio $495,000
Previous Owner Nuthall Richard G $306,000
Previous Owner Nuthall Richard G $376,000
Previous Owner Keasler Trace P $338,260
Previous Owner Vulin Roko $176,000
Previous Owner Garland Mathew R $158,950
Closed Nuthall Richard G $46,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2014 06/27/14 Sold $660,000 -7.0% $200 / Sq Ft
04/30/2014 04/30/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $709,999 -- $215 / 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 $10,357 $809,060 $324,849 $484,211
2024 $10,357 $793,197 $318,480 $474,717
2023 $10,169 $777,645 $312,236 $465,409
2022 $9,720 $762,398 $306,114 $456,284
2021 $9,593 $747,450 $300,112 $447,338
2020 $9,682 $739,787 $297,035 $442,752
2019 $9,321 $725,282 $291,211 $434,071
2018 $9,208 $711,061 $285,501 $425,560
2017 $8,971 $697,119 $279,903 $417,216
2016 $8,751 $683,451 $274,415 $409,036
2015 $8,629 $673,186 $270,294 $402,892
2014 $7,512 $567,102 $305,998 $261,104
Source: Public Records

Agents Affiliated with this Home

  • Matthew Hoffman

    Seller's Agent in 2014

    Matthew Hoffman

    Matthew Hoffman Real Estate

    (310) 621-9332

    18 Total Sales

    Matthew Hoffman
    Section Image

  • T

    Buyer's Agent in 2014

    Tabatha Hoffman

    Davis & Davis Associates

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14067168

California Regional Multiple Listing Service (CRMLS)

APN: 7451-016-004

California Los Angeles County San Pedro 90731

673 W 2nd St, San Pedro, CA

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