Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
1 in San Pedro
$750,000 Price
680 W 18th St San Pedro, CA 90731
San Pedro AreaEstimated Value: $958,000 - $1,084,000
6
Beds
5
Baths
3,516
Sq Ft
$284/Sq Ft
Est. Value
Highlights
- Fishing
- Hiking Trails
- Laundry Facilities
- San Pedro Senior High School Rated A-
- Property is near a preserve or public land
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
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Property Details
Home Type
- Multi-Family
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
- Entry on the 1st floor
Interior Spaces
- 3,516 Sq Ft Home
- 2-Story Property
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
Amenities
- Laundry Facilities
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
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
Feb 16, 2024
Closed on
Jun 25, 2024
Sold by
Bought by
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
-$891
Avg. Annual Appreciation
-0.04%
Original Mortgage
$800,000
Interest Rate
7.02%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 16, 2024
Closed on
May 29, 2024
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.02%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 31, 2005
Sold by
Bought by
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
Bought by
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in San Pedro, CA
-
Mark Lear
-
Lee Williams
Lee Williams
Responds QuicklyReal Brokerage Technologies, I
(424) 286-4971
37 Total Sales
33 in San Pedro
$460K - $1.8M Price Range
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
2 in San Pedro
$790K - $1.4M Price Range
-
Melissa Okabe
Melissa Okabe
Alta Properties
(562) 568-9373
29 Total Sales
1 in San Pedro
$555,000 Price
-
Gerry Nicks
Gerry Nicks
Responds QuicklyKeller Williams Realty
(424) 370-0766
167 Total Sales
2 in San Pedro
$875K - $940K Price Range
-
Albert Rodriguez
Albert Rodriguez
Equity Union
(747) 294-2100
83 Total Sales
1 in San Pedro
$600,000 Price
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 |
|---|---|---|---|
| $1,000,000 | First American Title Company | ||
| $1,000,000 | First American Title Company | ||
| $710,000 | First American Title Co | ||
| -- | South Coast Title Company |
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 | $791,000 | ||
| Closed | $800,000 | ||
| Closed | $800,000 | ||
| Previous Owner | $285,000 | ||
| Previous Owner | $210,100 | ||
| Previous Owner | $211,000 |
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 |
|---|---|---|---|---|
| 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
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 | $12,389 | $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
Seller's Agent in 2024
Ante Perkov
Realion Real Estate
(310) 378-0126
19 Total Sales
-
Tatiana Danelo
Buyer's Agent in 2024
Tatiana Danelo
The Realty Group
(310) 308-6133
11 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
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