NOT LISTED FOR SALE

740 W 5th St San Pedro, CA 90731

Estimated Value: $981,000 - $1,070,270

6 Beds
3 Baths
2,336 Sq Ft
$441/Sq Ft Est. Value

Last Sold April 11, 2018

Last sale price $675,000 $289 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $6,189/month

86 Days on Market

Highlights

  • Fireplace in Kitchen
  • Laundry Room
  • Carpet

About This Home

As of April 2018

FANTASTIC INVESTMENT OPPORTUNITY--BACK 2 BEDROOM UNIT IS NON RENT CONTROL--FRONT HOUSE OFFERS 2 GOOD SIZE BEDROOMS--KITCHEN HAS BEEN UPGRADED--FRONT HOUSE HAS CENTRAL AIR AND HEATING---FRONT HOUSE IS 2 LEVELS WITH BEDROOMS IN SECOND FLOOR---NEWER TANKLESS WATER HEATERS--1 BEDROOM UNIT BEHIND FRONT HOUSE AND BACK 2 BEDROOM WAS BUILT AROUND 1988 WITH CENTRAL HEATING-- ABOVE 3 CAR GARAGES--

Last Agent to Sell the Property

Leticia Rivera

Estate Properties License #01183706 Listed on: 12/05/2017

Estate Properties

Last Buyer's Agent

Tuba Ghannadi

Estate Properties License #00922882

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,435

Year Built

  • Built in 1902

Lot Details

  • 5,002 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,336 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Fireplace in Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Sewer Assessments

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 2
  • Assessor Parcel Number 7451025021

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $900
  • Water Sewer Expense $175
  • New Taxes Expense $8,738
  • Operating Expense $11,737
  • Gross Income $46,128
  • Net Operating Income $43,228

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,435

Year Built

Built in 1902

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 175.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7451025021
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: No
  • Fireplace Features: Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 288.96

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Water Available
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Common Area
  • Sewer: Public Sewer, Sewer Assessments
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5002.00

Multi Family

  • Gross Income: 46128.00
  • Gross Scheduled Income: 46128.00
  • Net Operating Income: 43228.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2900.00
  • Rent Control: Yes
  • Total Expenses: 11737.00

Tax Info

  • New Taxes Expense: 8737.50
  • Tax Lot: 22
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2017
Closed on
Apr 3, 2018
Sold by
Hernandez Alfredo and Hernandez Sherry
Bought by
Ferrara Darren J and Darren J Ferrara Trust
Seller's Agent
Leticia Rivera
Estate Properties
Buyer's Agent
Tuba Ghannadi
Estate Properties
List Price
$699,900
Sold Price
$675,000
Premium/Discount to List
-$24,900
-3.56%
Current Estimated Value
$1,030,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,068
Avg. Annual Appreciation
5.76%

Purchase Details

Listed on
Dec 5, 2017
Closed on
Apr 2, 2018
Sold by
Lacono Gerald Frank
Bought by
Lacono Deanne M
Seller's Agent
Leticia Rivera
Estate Properties
Buyer's Agent
Tuba Ghannadi
Estate Properties
List Price
$699,900
Sold Price
$675,000
Premium/Discount to List
-$24,900
-3.56%

Purchase Details

Closed on
Jul 11, 2005
Sold by
Hernandez Sherry
Bought by
Hernandez Alfredo and Hernandez Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.64%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 2, 2002
Sold by
Hernandez Alfredo
Bought by
Hernandez Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
6.17%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ferrara Darren J $675,000 Fidelity National Title Comp
Lacono Deanne M -- Fidelity National Title Comp
Hernandez Alfredo -- First American Title
Hernandez Sherry -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Alfredo $300,000
Previous Owner Hernandez Sherry $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2018 04/11/18 Sold $675,000 -3.6% $289 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
12/05/2017 12/05/17 For Sale $699,900 -- $300 / 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 $9,435 $768,030 $500,643 $267,387
2024 $9,435 $752,972 $490,827 $262,145
2023 $9,255 $738,208 $481,203 $257,005
2022 $8,805 $723,734 $471,768 $251,966
2021 $8,691 $709,544 $462,518 $247,026
2020 $8,776 $702,270 $457,776 $244,494
2019 $8,433 $688,500 $448,800 $239,700
2018 $3,519 $271,549 $131,250 $140,299
2017 $3,443 $266,226 $128,677 $137,549
2016 $3,343 $261,006 $126,154 $134,852
2015 $3,297 $257,087 $124,260 $132,827
2014 $3,319 $252,052 $121,826 $130,226
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17270018

California Regional Multiple Listing Service (CRMLS)

APN: 7451-025-021