NOT LISTED FOR SALE

674 W 22nd St San Pedro, CA 90731

Estimated Value: $1,015,000 - $1,184,000

7 Beds
5 Baths
3,187 Sq Ft
$336/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $875,000 $275 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,727/month

10 Days on Market

About This Home

As of September 2019

This is an opportunity for an investor or owner-user to purchase a 3-unit property located in the heart of San Pedro. This opportunity also allows for a potential investor to obtain residential financing. The Front consists of (1) three bedroom/two-bathroom and an attached downstairs room in which the whole building may be occupied by an owner-user, rented out to one tenant or may be permitted* as a separate unit. Both units have a brand-new modern kitchen with granite counter-tops, stainless steel appliances, and easy garage/front lawn access. The Back building has two legal units that are occupied and there is an attached rec/laundry room. Occupied units consist of (1) two bedroom/one-bathroom and (1) one bedroom/one-bathroom. The two-bedroom unit is located upstairs with a spacious kitchen, granite counter-tops, and new appliances. The one-bedroom unit downstairs has easy access.

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 03/29/2019

Co-Listed By

Nabil Awada

Matthews Real Estate Investment Services License #02046840

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 03/29/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,170

Year Built

  • Built in 1933

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • 3,187 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 7462-029-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,170

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3187
  • Year Built: 1933
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 282.40

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage Is Attached
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 124749
  • Assessed Land Value: 127446
  • Assessor Parcel Number: 7462-029-026
  • Geocode Override: No
  • Lot Size Area: 4792

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.41
  • Number Of Units: 3
  • Total Annual Expense: 17720
  • Type Of Units: 3
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2023
Sold by
Keys Properties Llc
Bought by
Alvarez Mirna E Alfaro and Blandon Juan Francisco
Current Estimated Value
$1,072,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2019
Closed on
Jul 17, 2019
Sold by
Chan Kenneth
Bought by
Keys Properties Llc
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%
Original Mortgage
$656,250
Interest Rate
3.8%
Mortgage Type
Construction

Purchase Details

Closed on
May 29, 2015
Sold by
Chan Kenneth and The William & Mary Chan Family
Bought by
Chan Kenneth and The William & Mary Chan Family

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2014
Sold by
Chan William and Chan Mary Choc
Bought by
William & Mary Chan Family Trust
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
Alvarez Mirna E Alfaro $975,000 Orange Coast Title
Keys Properties Llc $875,000 First Amer Ttl Co Los Angele
Chan Kenneth -- Western Resources Title Co
William & Mary Chan Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Mirna E Alfaro $900,000
Closed Alvarez Mirna E Alfaro $731,250
Previous Owner Keys Properties Llc $656,250
Previous Owner Chan Kenneth $448,000
Previous Owner Chan William $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2019 09/03/19 Sold $875,000 -2.8% $275 / Sq Ft
04/25/2019 04/25/19 For Sale $900,000 0.0% $282 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $900,000 -- $282 / Sq Ft
Source: The MLS

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 $12,170 $994,500 $714,000 $280,500
2024 $12,170 $975,000 $700,000 $275,000
2023 $11,505 $919,779 $525,588 $394,191
2022 $10,976 $901,745 $515,283 $386,462
2021 $10,834 $884,065 $505,180 $378,885
2020 $10,941 $875,000 $500,000 $375,000
2019 $3,521 $262,380 $132,593 $129,787
2018 $3,409 $257,237 $129,994 $127,243
2016 $3,232 $247,251 $124,948 $122,303
2015 $3,188 $243,538 $123,072 $120,466
2014 $3,217 $238,769 $120,662 $118,107
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-452468

The MLS

APN: 7462-029-026