NOT LISTED FOR SALE

677 W 39th St San Pedro, CA 90731

Estimated Value: $1,661,000 - $2,066,000

9 Beds
7 Baths
4,480 Sq Ft
$424/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $1,600,000 $357 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $12,007/month

62 Days on Market

Highlights

  • Fishing
  • Property is near a park
  • Private Yard
  • Gated Community
  • Traditional Architecture
  • Hiking Trails

About This Home

As of October 2020

What a fantastic location with ocean breezes in the coastal Point Fermin area of San Pedro! Only a couple steps to the ocean and Angels Gate Park, near the new redevelopment of the Los Angeles Harbor, and nestled close to the Palos Verdes Peninsula which has Trump National Golf Course, the incredible Terranea Resort and multi-million dollar homes. This building is perfect for new investors or investors in a 1031 Exchange. It has been impressively remodeled with beautiful kitchens and baths, new paint and flooring, new exterior lighting, and a new sewer line. There are 3 parking spaces for each unit (1 garage and 2 spaces)! 3 units have 2 bedrooms with 1 1/2 half baths and the fourth, upstairs unit has 2 bedrooms plus a den and one bath. 3 have private patios and air conditioning downstairs. The 4 car garage is oversized and has the laundry area inside. The building is gated and meticulously maintained. What an opportunity!

Last Agent to Sell the Property

Alexa Hoyt

Coldwell Banker Realty License #00982249 Listed on: 07/17/2020

Coldwell Banker Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,951

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 6,101 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Level Lot
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway Level

Home Design

  • Traditional Architecture
  • Quadruplex
  • Interior Block Wall
  • Stucco

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Living Room

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 9
  • Tax Tract Number 2976
  • Assessor Parcel Number 7467021005

Community Details

Recreation

  • Fishing
  • Park
  • Hiking Trails

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $2,945
  • Water Sewer Expense $5,700
  • New Taxes Expense $19,963
  • Operating Expense $35,765
  • Net Operating Income $82,735

Additional Features

  • 4 Units
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,951

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated Community, Security Lights, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 5700.00
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7467021005
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 357.14
  • Room Type: All Bedrooms Up, Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Level, Garage
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Microwave
  • Heating Type: Radiant
  • Laundry Features: Common Area, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Water
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Fishing, Hiking, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level, Park Nearby, Yard
  • Lot Size Sq Ft: 6101.00
  • Lot Size Acres: 0.1401
  • Latitude Manual: 33.70851400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 118500.00
  • Insurance Expense: 2945.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6101.0000 Square Feet
  • Net Operating Income: 82735.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 35765.00
  • Rent Control: Yes
  • Total Actual Rent: 5000.00
  • Total Expenses: 35765.00

Tax Info

  • New Taxes Expense: 19963.00
  • Tax Block: 9
  • Tax Census Tract: 2976.01
  • Tax Lot: 5
  • Tax Tract Number: 2976.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Oct 21, 2020
Sold by
677 W39th Llc
Bought by
Henry Robert L
Seller's Agent
Alexa Hoyt
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,699,000
Sold Price
$1,600,000
Premium/Discount to List
-$99,000
-5.83%
Current Estimated Value
$1,897,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,940
Avg. Annual Appreciation
3.04%
Original Mortgage
$470,000
Outstanding Balance
$421,086
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,430,853

Purchase Details

Listed on
Aug 24, 2017
Closed on
Jan 30, 2018
Sold by
Hughes Gabriel R
Bought by
677 W39th Llc
Seller's Agent
Michael Robinson
Broadmoor Realty, Inc.
Buyer's Agent
Michael Robinson
Broadmoor Realty, Inc.
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.68%
Original Mortgage
$787,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2017
Closed on
Dec 22, 2017
Sold by
Ehrlich Jeffrey Ellis
Bought by
Hughes Gabriel R and Jin Michael
Seller's Agent
Michael Robinson
Broadmoor Realty, Inc.
Buyer's Agent
Michael Robinson
Broadmoor Realty, Inc.
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2017
Sold by
Ehrlich Karen Lynn
Bought by
Ehrlich Jeffrey Ellis

Purchase Details

Closed on
Aug 13, 2014
Sold by
Ehrlich Paula
Bought by
Ehrlich Paula Z and Paula Z Ehrlich Revocable Trust

Purchase Details

Closed on
Feb 23, 1999
Sold by
Ehrlich Paula
Bought by
Ehrlich Paula and Ehrlich Karen

Purchase Details

Closed on
Jan 13, 1997
Sold by
Munch Lorita M
Bought by
Ehrlich Paula
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
Henry Robert L $1,600,000 Ticor Title Company Of Ca
Henry Robert L -- Ticor Title Company Of Ca
677 W39th Llc -- First American Title Company
Hughes Gabriel R $1,050,000 First American Title Company
Ehrlich Jeffrey Ellis -- First American Title Company
Ehrlich Paula Z -- None Available
Ehrlich Paula -- None Available
Ehrlich Paula -- --
Ehrlich Paula $261,864 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henry Robert L $470,000
Previous Owner Hughes Gabriel R $787,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $1,600,000 -8.6% $357 / Sq Ft
08/12/2020 08/12/20 Price Changed $1,750,000 +3.0% $391 / Sq Ft
07/17/2020 07/17/20 For Sale $1,699,000 +61.8% $379 / Sq Ft
02/01/2018 02/01/18 Sold $1,050,000 -4.5% $234 / Sq Ft
09/08/2017 09/08/17 Price Changed $1,099,000 -12.1% $245 / Sq Ft
08/24/2017 08/24/17 For Sale $1,250,000 -- $279 / 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 $20,951 $1,731,889 $1,028,309 $703,580
2024 $20,951 $1,697,932 $1,008,147 $689,785
2023 $20,547 $1,664,640 $988,380 $676,260
2022 $19,594 $1,632,000 $969,000 $663,000
2021 $19,342 $1,600,000 $950,000 $650,000
2019 $13,109 $1,071,000 $612,000 $459,000
2018 $5,903 $458,035 $200,390 $257,645
2016 $5,601 $440,251 $192,609 $247,642
2015 $5,523 $433,639 $189,716 $243,923
2014 $5,565 $425,145 $186,000 $239,145
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV20124814

California Regional Multiple Listing Service (CRMLS)

APN: 7467-021-005