NOT LISTED FOR SALE

692 W 14th St San Pedro, CA 90731

Estimated Value: $1,119,000 - $1,188,000

6 Beds
3 Baths
3,296 Sq Ft
$348/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $722,000 $219 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,896/month

36 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Living Room
  • Spanish Architecture
  • No HOA
  • Accessible Parking

About This Home

As of December 2016

Very well maintained fourplex on the northeast corner of 14th Street and Gaffey. Two apartments upstairs and two downstairs. All units are two bedrooms and one bathroom. All apartments come with a one car garage. Spacious backyard used for barbecuing and lounging.
The property is zoned C1. The City of Los Angeles may allow additional units constructed on this site.

Last Agent to Sell the Property

Robert Bradarich

Estate Properties License #00573901 Listed on: 08/22/2016

Estate Properties

Last Buyer's Agent

Robert Bradarich

Estate Properties License #00573901 Listed on: 08/22/2016

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,502

Year Built

  • Built in 1918

Lot Details

  • 5,000 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Fence is in average condition
  • Corner Lot
  • Rectangular Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Raised Foundation
  • Rolled or Hot Mop Roof

Interior Spaces

  • 3,296 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 14405
  • Assessor Parcel Number 7454025023

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $400
  • Insurance Expense $1,409
  • Trash Expense $300
  • Water Sewer Expense $3,480
  • New Taxes Expense $9,375
  • Gross Income $46,434
  • Net Operating Income $49,103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,502

Year Built

Built in 1918

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 3480.00
  • Zoning: LAC1
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 400.00
  • Parcel Number: 7454025023
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 219.05
  • Room Type: Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 5000.00
  • Price Per Lot Square Foot: 150.00

Multi Family

  • Gross Income: 46434.00
  • Gross Scheduled Income: 61128.00
  • Insurance Expense: 1409.00
  • Net Operating Income: 49103.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14694.00
  • Rent Control: Yes
  • Total Actual Rent: 5094.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Lot: 14
  • Tax Tract Number: 14405

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2016
Sold by
Yohannan Binoy
Bought by
Nunes Peer D
Current Estimated Value
$1,148,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,903
Interest Rate
3.54%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2010
Sold by
The Bank Of New York Mellon
Bought by
Yohannan Binoy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2009
Sold by
Bennett James and Bennett Gianina
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
May 26, 2004
Sold by
Sage Investments Inc
Bought by
Bennett James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.17%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 16, 2003
Sold by
Oceanside Property Investments Inc
Bought by
Sage Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2003
Sold by
Ohio Savings Bank
Bought by
Oceanside Property Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2001
Sold by
Nelson Marvin
Bought by
Ohio Svgs Bank

Purchase Details

Closed on
Jan 27, 2000
Sold by
And M G O Donnell Trust O Donnell Thomas And
Bought by
C T & H Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
8.62%

Purchase Details

Closed on
Jan 21, 2000
Sold by
C T & H Development
Bought by
Nelson Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
8.62%
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
Nunes Peer D $722,000 First American Title Company
Yohannan Binoy $465,000 Lsi Title Agency
The Bank Of New York Mellon $577,883 None Available
Bennett James $650,000 Fidelity National Title
Sage Investments Inc -- --
Oceanside Property Investments Inc $320,000 Equity Title Company
Ohio Svgs Bank $202,500 United Title Company
C T & H Development Inc $187,000 Fidelity Title
Nelson Marvin -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nunes Peer D $697,903
Previous Owner Yohannan Binoy $348,750
Previous Owner Bennett James $325,000
Previous Owner Oceanside Property Investments Inc $400,000
Previous Owner Nelson Marvin $243,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $722,000 -1.0% $219 / Sq Ft
09/27/2016 09/27/16 Pending -- -- --
09/19/2016 09/19/16 Price Changed $729,000 -2.8% $221 / Sq Ft
08/22/2016 08/22/16 For Sale $750,000 -- $228 / 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 $10,502 $837,937 $464,232 $373,705
2024 $10,502 $821,508 $455,130 $366,378
2023 $10,307 $805,401 $446,206 $359,195
2022 $9,842 $789,609 $437,457 $352,152
2021 $9,712 $774,128 $428,880 $345,248
2019 $9,430 $751,168 $416,160 $335,008
2018 $9,345 $736,440 $408,000 $328,440
2016 $6,527 $507,036 $256,245 $250,791
2015 $6,437 $499,420 $252,396 $247,024
2014 $6,447 $489,638 $247,452 $242,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16185701

California Regional Multiple Listing Service (CRMLS)

APN: 7454-025-023