NOT LISTED FOR SALE

684 W 3rd St San Pedro, CA 90731

Estimated Value: $1,537,147

5 Beds
7 Baths
4,350 Sq Ft
$353/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $1,390,000 $320 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,387/month

44 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of November 2021

Built in 1990, this excellent mixed use building offers a great investor opportunity with both commercial and residential units. First floor features 2 retail sites, both remodeled with parking spaces Each unit is approximately 800 sq ft. with vestibule inside main door leading to each unit. Currently one tenant leases both units. Each unit has it's own bathroom.
Upstairs each apartment has it's own entrance. Apartment #100 is a 3/2, fully updated with 1 assigned parking space. Unit 101 is an updated studio loft with 1 bath and assigned 1 car parking. Unit 102 is a 2/2, not updated, with assigned use of the rear garage. Each unit pays their own utilities. At the time of listing, all units are to be delivered occupied.
All units except apartment 102 are updated with new flooring, new kitchens and bathrooms. Retails spaces also updated with new flooring and bathrooms.

Last Agent to Sell the Property

Lesley Siegel

Compass License #01324071 Listed on: 07/14/2021

Compass

Co-Listed By

Lynn Peters

Compass License #01320138

Last Buyer's Agent

Keejae Lee

HK Mega R.E. & Investment License #01380713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,092

Year Built

  • Built in 1990

Lot Details

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

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,350 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 15 / 12
  • Tax Tract Number 2966
  • Assessor Parcel Number 7451016014

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $3,000
  • Insurance Expense $4,200
  • Operating Expense $7,200
  • Gross Income $97,704
  • Net Operating Income $90,504

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,092

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 7451016014
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Three Or More
  • Price Per Square Foot: 319.54

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4993.00
  • Lot Size Acres: 0.1146

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 910 Square Feet
  • Average3 Bed Area: 910 Square Feet
  • Average Studio Area: 910 Square Feet
  • Electric Expense: 3000.00
  • Gross Income: 97704.00
  • Gross Scheduled Income: 97704.00
  • Insurance Expense: 4200.00
  • Lot Size Area: 4993.0000 Square Feet
  • Net Operating Income: 90504.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 7200.00
  • Rent Control: No
  • Total Actual Rent: 8142.00
  • Total Expenses: 7200.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 2966.00
  • Tax Lot: 15
  • Tax Tract Number: 2966.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2018
Sold by
Deutsche Bank National Trust Co
Bought by
Renovations R Us Llc and Ayvaz Realty Llc
Current Estimated Value
$1,537,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Outstanding Balance
$473,423
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,063,724

Purchase Details

Closed on
Oct 2, 2018
Sold by
Ayvaz Realty Llc
Bought by
Ayvaz Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Outstanding Balance
$473,423
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,063,724

Purchase Details

Closed on
Jan 16, 2015
Sold by
Miranda Elias S
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Nov 16, 2006
Sold by
Miranda Thelma C
Bought by
Miranda Elias S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 25, 2006
Sold by
Crouter Scott
Bought by
Miranda Elias S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 22, 2004
Sold by
Brown Alvin
Bought by
Brown Debra Egli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2001
Sold by
Brown Alvin Roy
Bought by
Crouter Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
10.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 1999
Sold by
Madrid Alex and Brown Alvin Roy
Bought by
Brown Alvin Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 1994
Sold by
Madrid Mary
Bought by
Madrid Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.1%
Mortgage Type
Seller Take Back
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
Renovations R Us Llc $741,000 Premium Title Of California
Ayvaz Realty Llc -- None Available
Deutsche Bank National Trust Company $852,506 None Available
Miranda Elias S -- Fidelity National Title
Miranda Elias S $835,000 Fidelity National Title
Brown Debra Egli -- Fidelity National Title
Crouter Scott $495,000 Fidelity Title
Brown Alvin Roy -- American Title Co
Brown Alvin Roy -- American Title Co
Madrid Alex -- Old Republic Title
Madrid Alex $300,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Renovations R Us Llc $544,000
Previous Owner Miranda Elias S $101,500
Previous Owner Miranda Elias S $650,000
Previous Owner Brown Debra Egli $45,000
Previous Owner Crouter Scott $445,500
Previous Owner Brown Alvin Roy $96,000
Previous Owner Brown Alvin Roy $300,000
Previous Owner Madrid Alex $270,000
Closed Crouter Scott $49,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $1,390,000 -0.7% $320 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $1,400,000 -- $322 / 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 $16,092 $1,305,284 $912,638 $392,646
2024 $15,882 $1,279,692 $894,744 $384,948
2023 $15,577 $1,254,600 $877,200 $377,400
2022 $14,857 $1,230,000 $860,000 $370,000
2021 $9,462 $763,649 $515,283 $248,366
2020 $9,552 $755,820 $510,000 $245,820
2019 $9,183 $741,000 $500,000 $241,000
2018 $7,646 $607,351 $396,098 $211,253
2017 $7,481 $595,443 $388,332 $207,111
2016 $7,270 $583,768 $380,718 $203,050
2015 $11,408 $930,829 $390,167 $540,662
2014 $11,412 $912,597 $382,525 $530,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21154470

California Regional Multiple Listing Service (CRMLS)

APN: 7451-016-014