Sierus Erdelyi
TruLine Realty
(424) 374-0268
179 Total Sales
2 in San Pedro
$600,000 Price Range
723 W 11th St San Pedro, CA 90731
San Pedro Area
11
Beds
6
Baths
5,584
Sq Ft
4,843
Sq Ft Lot
Highlights
- Harbor Views
- Laundry Room
- Rectangular Lot
- Cabrillo Avenue Elementary School Rated 9+
- Wrought Iron Fence
- Front Yard
About This Home
As of September 2020MAJOR $150,000 PRICE REDUCTION - Priced to Sell - Bring Offers. Located in Central San Pedro - 5 Unit Apartment Building - Value Add - Huge Upside in Rents. This 5 unit apartment building is located in a high demand rental area of San Pedro, California just blocks from San Pedro Plaza Park and a direct shot to the waterfront. This well-maintained property has an excellent unit mix consisting of (1) 3 bedroom townhouse style unit with 2 baths and (4) 2 bedroom 1 bath units. Each unit has it’s own 2 car garage. All earthquake soft story retrofitting has been completed and permitted. New commercial water heater with associated plumbing and a resealed flat roof. This value add deal has a tremendous upside in the rents in an area where this is a lack of rental inventory and strong demand for apartment assets. Two of the tenants are Section 8. San Pedro is seeing a massive redevelopment boom. There are many factors driving this influx in development, including the revitalization of the San Pedro waterfront that envisions a town square and attractions much like San Francisco’s Fisherman Wharf. Aside from just a lack of product, strong submarket rent growth and high occupancy figures are making San Pedro/Long Beach top targets for investors looking for value add deals. This renaissance will continue to drive housing demand and increase apartment values in the market.
Last Agent to Sell the Property
Burts & Associates License #01134271 Listed on: 03/09/2020
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1974
Lot Details
- 4,843 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Rectangular Lot
- Level Lot
- Sprinkler System
- Front Yard
Parking
- 10 Car Garage
- Parking Available
- Assigned Parking
Property Views
- Harbor
- Bridge
- City Lights
- Mountain
Home Design
- 5,584 Sq Ft Home
- Property Attached
- Flat Roof Shape
- Stucco
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 12 / 24
- Tax Tract Number 2079
- Assessor Parcel Number 7454017012
Community Details
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,900
- Fuel Expense $2,881
- Gardener Expense $950
- Insurance Expense $2,700
- Maintenance Expense $2,600
- Pest Control $220
- Trash Expense $2,744
- Water Sewer Expense $3,000
- New Taxes Expense $17,023
- Operating Expense $35,518
- Gross Income $94,178
- Net Operating Income $58,660
Additional Features
- 5 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in San Pedro, CA
-
Sierus Erdelyi
-
Michele Brown
Michele Brown
Keller Williams Realty
(844) 977-3032
35 Total Sales
1 in San Pedro
$1,700,000 Price
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
2 in San Pedro
$560K - $600K Price Range
-
Alex Sanchez
Alex Sanchez
eXp Realty of Southern California, Inc.
(562) 261-0539
65 Total Sales
3 in San Pedro
$799K - $1.6M Price Range
-
Lynn Lord
Lynn Lord
Estate Properties
(562) 582-8571
52 Total Sales
3 in San Pedro
$906K - $1.1M Price Range
-
Marcus Ibrahim
Marcus Ibrahim
eXp Realty of Greater Los Angeles
(781) 476-7479
93 Total Sales
1 in San Pedro
$700,000 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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| Frischer Llc | $1,315,000 | Chicago Title | |
| Marlett Audrey S | -- | Diversified Title & Escrow S | |
| Marlett Audrey S | -- | -- | |
| Marlett Audrey S | $300,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $500,000 | ||
| Previous Owner | Marlett Audrey S | $300,000 | |
| Previous Owner | Marlett Audrey S | $250,000 |
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 |
|---|---|---|---|---|
| 09/03/2020 09/03/20 | Sold | $1,315,000 | -9.3% | $235 / Sq Ft |
| 08/26/2020 08/26/20 | Pending | -- | -- | -- |
| 03/09/2020 03/09/20 | For Sale | $1,450,000 | -- | $260 / 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 |
|---|---|---|---|---|
| 2026 | $17,956 | $1,451,864 | $833,580 | $618,284 |
| 2025 | $17,956 | $1,423,397 | $817,236 | $606,161 |
| 2024 | $17,717 | $1,395,488 | $801,212 | $594,276 |
| 2023 | $17,385 | $1,368,126 | $785,502 | $582,624 |
| 2022 | $16,599 | $1,341,300 | $770,100 | $571,200 |
| 2021 | $16,377 | $1,315,000 | $755,000 | $560,000 |
| 2020 | $6,278 | $446,752 | $104,236 | $342,516 |
| 2019 | $6,060 | $437,993 | $102,193 | $335,800 |
| 2018 | $5,974 | $429,406 | $100,190 | $329,216 |
| 2016 | $5,624 | $412,733 | $96,300 | $316,433 |
| 2015 | $5,551 | $406,534 | $94,854 | $311,680 |
| 2014 | $5,599 | $398,571 | $92,996 | $305,575 |
Source: Public Records
Agents Affiliated with this Home
-
Cynthia Burts
Seller's Agent in 2020
Cynthia Burts
Burts & Associates
(310) 308-8003
13 Total Sales
-
GN
Buyer's Agent in 2020
General NONMEMBER
NONMEMBER MRML
-
CA
Buyer's Agent in 2020
Chris Arthur
ITECH MLS
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR20053453
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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