Seller's Agent in 2024
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
26 in this area
97 Total Sales
727 W 16th St San Pedro, CA 90731
Estimated Value: $699,000 - $872,000
4
Beds
2
Baths
1,523
Sq Ft
$499/Sq Ft
Est. Value
About This Home
As of August 2024Exceptional value-add investment opportunity at 727 W 16th Street, a well-positioned two-story duplex located in the highly desirable Vista del Oro neighborhood of San Pedro. This prime location is just minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park, shopping, dining and public transportation. ***The property features an ideal unit mix of all 2 Bedroom 1 Bath units. Garage in the rear of the property is currently vacant and can be rented or converted into an ADU (buyer to verify). Tenants pay their own gas, electric and trash; landlord only pays for the DWP Water service. ***This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3108017373 License #01315042 Listed on: 05/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,288
Year Built
- Built in 1947
Lot Details
- 5,218 Sq Ft Lot
- Two or More Common Walls
Parking
- 1 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,523 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 10 / 1
- Tax Tract Number 2372
- Assessor Parcel Number 7454035010
- $261 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,447
- Maintenance Expense $1,000
- Water Sewer Expense $1,200
- New Taxes Expense $8,903
- Operating Expense $13,749
- Gross Income $33,708
- Net Operating Income $18,947
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2024
Closed on
Aug 13, 2024
Sold by
Eagles Rose Ann
Bought by
Eagles Michael
Seller's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Rebecca Bond
Beach City Brokers
List Price
$750,000
Sold Price
$710,000
Premium/Discount to List
-$40,000
-5.33%
Views
64
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
$50,548
Avg. Annual Appreciation
6.05%
Original Mortgage
$510,000
Outstanding Balance
$504,251
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$256,297
Purchase Details
Listed on
May 23, 2024
Closed on
Aug 1, 2024
Sold by
Dorothy L Schorken Revocable Living Trus and Rietz Sheri L
Bought by
Mills Michael A and Eagles Michael
Seller's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Rebecca Bond
Beach City Brokers
List Price
$750,000
Sold Price
$710,000
Premium/Discount to List
-$40,000
-5.33%
Views
64
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$504,251
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$256,297
Purchase Details
Closed on
Dec 22, 2023
Sold by
Schorken Dorothy L
Bought by
Dorothy L Schorken Revocable Living Trust and Schorken
Purchase Details
Closed on
Feb 22, 1999
Sold by
Schorken Dorothy L
Bought by
Schorken Dorothy L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eagles Michael | -- | First American Title Company | |
| Mills Michael A | $710,000 | First American Title Company | |
| Dorothy L Schorken Revocable Living Trust | -- | Accommodation/Courtesy Recordi | |
| Schorken Dorothy L | -- | Accommodation/Courtesy Recordi | |
| Schorken Dorothy L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Eagles Michael | $510,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2024 08/26/24 | Sold | $710,000 | -5.3% | $466 / Sq Ft |
| 07/22/2024 07/22/24 | Pending | -- | -- | -- |
| 05/23/2024 05/23/24 | For Sale | $750,000 | -- | $492 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $3,288 | $710,000 | $460,000 | $250,000 |
| 2024 | $3,288 | $252,314 | $126,157 | $126,157 |
| 2023 | $3,228 | $247,368 | $123,684 | $123,684 |
| 2022 | $3,081 | $242,518 | $121,259 | $121,259 |
| 2021 | $3,038 | $237,764 | $118,882 | $118,882 |
| 2019 | $2,949 | $230,714 | $115,357 | $115,357 |
| 2018 | $2,879 | $226,192 | $113,096 | $113,096 |
| 2017 | $2,816 | $221,758 | $110,879 | $110,879 |
| 2016 | $2,739 | $217,410 | $108,705 | $108,705 |
| 2015 | $2,700 | $214,146 | $107,073 | $107,073 |
| 2014 | $2,722 | $209,952 | $104,976 | $104,976 |
Source: Public Records
Agents Affiliated with this Home
-
Olga Wright
-
Rebecca Bond
Buyer's Agent in 2024
Rebecca Bond
Beach City Brokers
(310) 345-1561
1 in this area
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24101707
APN: 7454-035-010
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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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