Seller's Agent in 2024
Ante Perkov
Realion Real Estate
(310) 378-0126
11 in this area
19 Total Sales
680 W 18th St San Pedro, CA 90731
Estimated Value: $1,006,185 - $1,127,000
6
Beds
5
Baths
3,516
Sq Ft
$305/Sq Ft
Est. Value
Highlights
- Fishing
- Laundry Room
- Property is near a preserve or public land
- Hiking Trails
About This Home
As of July 2024Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area.
Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment.
Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront & Amphitheater Development and a growing music and brewery scene are just some of the reasons to "explore more". This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand.
Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase for existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.
Last Agent to Sell the Property
Realion Real Estate Brokerage Phone: 3107809071 License #01090857 Listed on: 02/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,095
Year Built
- Built in 1970
Lot Details
- 5,000 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
Home Design
- Triplex
Interior Spaces
- 3,516 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 28 / 13
- Assessor Parcel Number 7462005026
- $455 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
- Property is near a preserve or public land
Recreation
- Fishing
- Park
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Electric Expense $600
- Gardener Expense $1,200
- Insurance Expense $3,000
- Other Expense $2,133
- Water Sewer Expense $6,000
- New Taxes Expense $15,000
- Operating Expense $26,733
- Gross Income $76,380
- Net Operating Income $49,647
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 16, 2024
Closed on
Jun 25, 2024
Sold by
Linscomb Joseph and Linscomb Miyoko
Bought by
Mardesic Nikola and Kasuga Yu
Seller's Agent
Ante Perkov
Realion Real Estate
Buyer's Agent
Tatiana Danelo
The Realty Group
List Price
$1,199,000
Sold Price
$1,000,000
Premium/Discount to List
-$199,000
-16.6%
Views
42
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
$72,046
Avg. Annual Appreciation
3.49%
Original Mortgage
$800,000
Outstanding Balance
$791,204
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$248,707
Purchase Details
Closed on
Mar 31, 2005
Sold by
Mosher Thomas
Bought by
Linscomb Joseph Philip and Linscomb Miyoko Janet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 20, 2002
Sold by
Mosher Thomas
Bought by
Mosher Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,100
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Mardesic Nikola | $1,000,000 | First American Title Company | |
| Linscomb Joseph Philip | $710,000 | First American Title Co | |
| Mosher Thomas | -- | South Coast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mardesic Nikola | $800,000 | |
| Previous Owner | Linscomb Joseph Philip | $285,000 | |
| Previous Owner | Mosher Thomas | $210,100 | |
| Previous Owner | Mosher Thomas J | $211,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2024 07/02/24 | Sold | $1,000,000 | -9.1% | $284 / Sq Ft |
| 05/27/2024 05/27/24 | Pending | -- | -- | -- |
| 04/16/2024 04/16/24 | Price Changed | $1,100,000 | -4.3% | $313 / Sq Ft |
| 03/19/2024 03/19/24 | Price Changed | $1,149,000 | -4.2% | $327 / Sq Ft |
| 02/16/2024 02/16/24 | For Sale | $1,199,000 | -- | $341 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,095 | $1,000,000 | $600,000 | $400,000 |
| 2024 | $12,095 | $970,259 | $683,285 | $286,974 |
| 2023 | $11,864 | $951,236 | $669,888 | $281,348 |
| 2022 | $11,316 | $932,585 | $656,753 | $275,832 |
| 2021 | $11,165 | $914,300 | $643,876 | $270,424 |
| 2020 | $11,275 | $904,926 | $637,274 | $267,652 |
| 2019 | $10,833 | $887,183 | $624,779 | $262,404 |
| 2018 | $10,728 | $869,788 | $612,529 | $257,259 |
| 2017 | $10,494 | $852,734 | $600,519 | $252,215 |
| 2016 | $10,232 | $836,015 | $588,745 | $247,270 |
| 2015 | $10,084 | $823,458 | $579,902 | $243,556 |
| 2014 | $10,129 | $807,329 | $568,543 | $238,786 |
Source: Public Records
Agents Affiliated with this Home
-
Ante Perkov
-
Tatiana Danelo
Buyer's Agent in 2024
Tatiana Danelo
The Realty Group
(310) 308-6133
5 in this area
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24033109
APN: 7462-005-026
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 623 W 18th St
- 571 W 17th St
- 581 W 16th St
- 670 W 15th St
- 785 W 19th St Unit 12B
- 1437 S Gaffey St
- 1431 S Gaffey St
- 645 W 21st St
- 879 W 18th St
- 845 W 19th St Unit 3
- 1311 S Grand Ave Unit 5
- 667 W 22nd St
- 601 W 13th St
- 782 W 14th St
- 573 W 13th St
- 430 W 19th St
- 1833 S Mesa St
- 576 W 13th St
- 546 W 23rd St
- 1209 S Grand Ave Unit 1211
- 684 W 18th St
- 676 W 18th St
- 668 W 18th St
- 1722 S Gaffey St
- 1722 S Gaffey St
- 658 W 18th St Unit 4
- 658 W 18th St Unit 2
- 658 W 18th St
- 1706 S Gaffey St
- 673 W 17th St
- 652 W 18th St
- 687 W 18th St
- 687 W 18th St
- 667 W 17th St
- 673 W 18th St Unit 3
- 673 W 18th St Unit 1
- 673 W 18th St
- 679 W 18th St
- 659 W 17th St
- 685 W 18th St