NOT LISTED FOR SALE

709 W 38th St San Pedro, CA 90731

Estimated Value: $1,668,000 - $2,036,939

10 Beds
8 Baths
5,200 Sq Ft
$362/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $1,288,000 $248 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $11,511/month

2 Days on Market

Highlights

  • Property has ocean access
  • Mediterranean Architecture
  • Central Heating
  • Property is near a park
  • Laundry Room
  • Level Lot

About This Home

As of March 2018

NO RENT CONTROL!!! GREAT CURB APPEAL, MEDITERRANEAN STYLE DELUXE 4 UNIT BUILDING WITH FULL TILE ROOF AND OCEAN VIEWS. PRIME POINT FERMIN LOCATION 3 BLOCKS TO THE OCEAN BLUFF. UPPER LEVEL PENTHOUSE 4 BEDROOM OWNERS UNIT OCCUPIES THE ENTIRE UPPER LEVEL WITH AN EXTRA LARGE PATIO WITH SLIDING DOORS OVERLOOKING AN OUTSTANDING VEIEW OF CATALINA ISLAND AND THE CATALINA CHANNEL. THE OTHER UNITS ARE EXTRA LARGE 2 BEDROOM 2 BATH UNITS. 3 OF 4 UNITS HAVE PALOS VERDES STONE FIREPLACES, AND ALL UNITS HAVE PRIVATE LAUNDRY ROOMS. TWO FOUR CAR GARAGES WITH TANDUM PARKING, CREATING 2 TANDUM GARAGE SPACES FOR EACH UNIT ALONG WITH PRIVATE WALK IN STORAGE ROOM. THIS BUILDING IS ONE OF A KIND, DESIGNED FOR AN OWNER OCCUPANT. WALK TO THE BEACH, BLUFF, AND POINT FERMIN LIGHTHOUSE AND TAKE PICTURESQUE WALKS ALONG PASEO DEL MAR. RENTS ARE UNDERMARKET WITH LOTS OF UPSIDE. HURRY THIS WON'T LAST.

Last Agent to Sell the Property

Fred DiBernardo

Fred DiBernardo License #00573495 Listed on: 02/20/2018

Co-Listed By

Tyler DiBernardo

DiBernardo Realty License #02041856

Last Buyer's Agent

Fred DiBernardo

Fred DiBernardo License #00573495 Listed on: 02/20/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,937

Year Built

  • Built in 1989

Lot Details

  • 6,101 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Density is 11-15 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Mediterranean Architecture
  • Frame Construction
  • Stucco

Interior Spaces

  • 5,200 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Property has ocean access
  • Exterior Lighting

Additional Features

  • Property is near a park
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7467020006

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,500
  • Insurance Expense $1,800
  • Trash Expense $2,500
  • Water Sewer Expense $4,200
  • New Taxes Expense $16,237
  • Operating Expense $27,437
  • Gross Income $82,200
  • Net Operating Income $54,763

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,937

Year Built

Built in 1989

Lot Details

0

Parking

8

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4200.00
  • Zoning: LAR2
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Parcel Number: 7467020006
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 247.69

Exterior Features

  • Pool Private: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2500.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Level with Street, Park Nearby
  • Lot Size Sq Ft: 6101.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1500.00
  • Gross Income: 82200.00
  • Gross Scheduled Income: 82200.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 54763.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27437.00
  • Rent Control: No
  • Total Actual Rent: 6850.00
  • Total Expenses: 27437.00
  • Waterfront Features: Ocean Access

Tax Info

  • New Taxes Expense: 16237.00
  • Tax Census Tract: 2976.01
  • Tax Lot: 9999
  • Tax Tract Number: 9999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2018
Closed on
Mar 5, 2018
Sold by
Shulman Steven
Bought by
Berkovich Cynthia
Seller's Agent
Fred DiBernardo
Fred DiBernardo
Buyer's Agent
Fred DiBernardo
Fred DiBernardo
List Price
$1,299,000
Sold Price
$1,288,000
Premium/Discount to List
-$11,000
-0.85%
Current Estimated Value
$1,879,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,985
Avg. Annual Appreciation
4.81%

Purchase Details

Closed on
Apr 13, 2004
Sold by
Shulman Steven and The Shulman Family Trust
Bought by
Shulman Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,500
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 1995
Sold by
Shulman Steven
Bought by
Shulman Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.5%

Purchase Details

Closed on
Nov 28, 1994
Sold by
Pichardo Manuel J and Pichardo Jean M
Bought by
Shulman Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
8.27%

Purchase Details

Closed on
Nov 2, 1994
Sold by
Shulman Roslyn
Bought by
Shulman Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
8.27%
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
Berkovich Cynthia $1,288,000 Fidelity National Title Comp
Shulman Steven -- First American Title Co Los
Shulman Steven -- Provident Title
Shulman Steven $370,000 South Coast Title
Shulman Steven -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shulman Steven $360,500
Previous Owner Shulman Steven $378,750
Previous Owner Shulman Steven $291,000
Previous Owner Shulman Steven $296,000
Previous Owner Shulman Steven $296,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $1,288,000 -0.8% $248 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/20/2018 02/20/18 For Sale $1,299,000 -- $250 / 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 $17,937 $1,465,519 $953,499 $512,020
2024 $17,937 $1,436,784 $934,803 $501,981
2023 $17,595 $1,408,613 $916,474 $492,139
2022 $16,786 $1,380,994 $898,504 $482,490
2021 $16,562 $1,353,917 $880,887 $473,030
2019 $16,071 $1,313,760 $854,760 $459,000
2018 $7,051 $546,192 $231,761 $314,431
2016 $6,694 $524,984 $222,762 $302,222
2015 $6,601 $517,099 $219,416 $297,683
2014 $6,646 $506,970 $215,118 $291,852
Source: Public Records

Agents Affiliated with this Home

  • Fred DiBernardo

    Seller's Agent in 2018

    Fred DiBernardo

    Fred DiBernardo

    (310) 832-4572

    88 in this area

    141 Total Sales

    Fred DiBernardo
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Tyler DiBernardo

    DiBernardo Realty

    (310) 872-8371

    46 in this area

    69 Total Sales

    Tyler DiBernardo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18040473

California Regional Multiple Listing Service (CRMLS)

APN: 7467-020-006

California Los Angeles County San Pedro 90731

709 W 38th St, San Pedro, CA

This home is located at 709 W 38th St, San Pedro, CA 90731 since 20 February 2018 and is currently estimated at $1,879,985, approximately $361 per square foot. This property was built in 1989. 709 W 38th St is a home located in Los Angeles County with nearby schools including Leland Street Elementary School, Dana Middle School, and San Pedro Senior High School.

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California Regional Multiple Listing Service (CRMLS) 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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