Katherine Jin
FRI Associated Inc
(562) 262-4737
24 Total Sales
1 in San Pedro
$920,000 Price
727 W 16th St San Pedro, CA 90731
San Pedro AreaEstimated Value: $791,395
4
Beds
2
Baths
1,523
Sq Ft
$520/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
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Property Details
Home Type
- Multi-Family
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
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
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2024
Closed on
Aug 13, 2024
Sold by
Eagles Rose Ann
Bought by
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
$81,395
Avg. Annual Appreciation
5.33%
Original Mortgage
$510,000
Outstanding Balance
$499,528
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$291,867
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
$499,528
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$291,867
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in San Pedro, CA
-
Katherine Jin
-
Anthony Todora
Anthony Todora
Estate Properties
(424) 403-2107
26 Total Sales
8 in San Pedro
$386K - $1.1M Price Range
-
Maria Lauro
Maria Lauro
Keller Williams Realty
(424) 499-1914
25 Total Sales
15 in San Pedro
$710K - $1.8M Price Range
-
Kimber Wuerfel
Kimber Wuerfel
Kimber/Alana Boutique Real Estate
(657) 220-6340
115 Total Sales
1 in San Pedro
$592,500 Price
-
Charlie Raine
Charlie Raine
Coastal Legacy Realty Group
(833) 922-2794
27 Total Sales
1 in San Pedro
$790,000 Price
-
Michelle Duvall
Michelle Duvall
Keller Williams Palos Verdes
(424) 338-9559
13 Total Sales
2 in San Pedro
$630K - $720K Price Range
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 |
|---|---|---|---|
| -- | First American Title Company | ||
| Mills Michael A | $710,000 | First American Title Company | |
| Schorken Dorothy L | -- | Accommodation/Courtesy Recordi | |
| Dorothy L Schorken Revocable Living Trust | -- | Accommodation/Courtesy Recordi | |
| Schorken Dorothy L | -- | -- |
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 |
|---|---|---|---|
| Open | $510,000 |
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 |
|---|---|---|---|---|
| 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
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 | $8,690 | $724,200 | $469,200 | $255,000 |
| 2025 | $8,690 | $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
Seller's Agent in 2024
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
104 Total Sales
-
Rebecca Bond
Buyer's Agent in 2024
Rebecca Bond
Beach City Brokers
(310) 345-1561
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24101707
APN: 7454-035-010
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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