NOT LISTED FOR SALE

746 W 14th St San Pedro, CA 90731

Estimated Value: $907,000 - $1,361,476

6 Beds
3 Baths
2,320 Sq Ft
$478/Sq Ft Est. Value

Last Sold April 17, 2013

Last sale price $607,000 $262 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $6,591/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of April 2013

Enjoy this dream investment property with fully upgraded units. Completely upgraded kitchen, floors and bathroom featuring granite, wood and stone finishes are featured in the front single-family residence. This unit features basement access from the back of the unit, with finished tile floors and laundry hookups. Lower back unit is also newly updated with granite countertops, new flooring and finished bathrooms and has laundry hookup. Upper back unit remains in original conditions and features large patio deck perfect for entertaining. Tenants enjoy gated parking with easy access from the back alley. Great San Pedro location, close to schools, shopping, and parks.

Last Agent to Sell the Property

Michelle Accetta

Beach City Brokers License #01915986 Listed on: 03/12/2013

Beach City Brokers

Last Buyer's Agent

Guido Jenniges

Century 21 Union Realty License #01067072

Century 21 Union Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,153

Year Built

  • Built in 1963

Lot Details

  • 4,804 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • 2,320 Sq Ft Home
  • Traditional Architecture
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 3 Parking Spaces
  • Parking Available
  • Covered Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 17 / 22
  • Tax Tract Number 17
  • Assessor Parcel Number 7454024016

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $70
  • Insurance Expense $985
  • Water Sewer Expense $3,147
  • New Taxes Expense $6,964
  • Gross Income $3,500
  • Net Operating Income $30,833

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,153

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 5.50
  • Property Attached: Yes
  • Water Sewer Expenses: 3147.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 70.00
  • Parcel Number: 7454024016
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 261.64

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4804.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3500.00
  • Gross Multiplier: 13.30
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 985.00
  • Lot Size Area: 4804.0000 Square Feet
  • Net Operating Income: 30833.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11166.00
  • Rent Control: Yes
  • Total Actual Rent: 3500.00

Tax Info

  • New Taxes Expense: 6964.00
  • Tax Block: 22
  • Tax Lot: 17
  • Tax Tract Number: 17
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2018
Sold by
Alvarenga Roberto A and Alvarenga Sandra C
Bought by
Alvarenga Roberto A
Current Estimated Value
$1,107,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$161,219
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$946,650

Purchase Details

Listed on
Mar 12, 2013
Closed on
Apr 9, 2013
Sold by
Russo Salvatore J and Russo Terri J
Bought by
Alvarenga Roberto A and Alvarenga Sandra C
Seller's Agent
Michelle Accetta
Beach City Brokers
Buyer's Agent
Guido Jenniges
Century 21 Union Realty
List Price
$559,000
Sold Price
$607,000
Premium/Discount to List
$48,000
8.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%
Original Mortgage
$395,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2013
Closed on
Apr 8, 2013
Sold by
Russo Salvatore J
Bought by
Russo Salvatore J and Russo Terri J
Seller's Agent
Michelle Accetta
Beach City Brokers
Buyer's Agent
Guido Jenniges
Century 21 Union Realty
List Price
$559,000
Sold Price
$607,000
Premium/Discount to List
$48,000
8.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2011
Sold by
Russo Salvatore J and Russo Family Trust
Bought by
Russo Salvatore J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,267
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2005
Sold by
Russo Salvatore J
Bought by
The Russo Family Trust

Purchase Details

Closed on
Nov 29, 2004
Sold by
Smart Recycling Inc
Bought by
The Russo Family Trust

Purchase Details

Closed on
Mar 8, 2004
Sold by
Barhanovic Petar and Barhanovic Lore
Bought by
Russo Salvatore J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,500
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Alvarenga Roberto A -- Title Connect Inc
Alvarenga Roberto A $607,000 Ort
Russo Salvatore J -- Ortc
Russo Salvatore J -- First American Title Company
The Russo Family Trust -- --
The Russo Family Trust -- --
Russo Salvatore J $441,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarenga Roberto A $280,000
Closed Alvarenga Roberto A $395,000
Closed Russo Salvatore J $395,000
Previous Owner Russo Salvatore J $309,267
Previous Owner Russo Salvatore J $348,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2013 04/17/13 Sold $607,000 +8.6% $262 / Sq Ft
03/27/2013 03/27/13 Pending -- -- --
03/12/2013 03/12/13 For Sale $559,000 -- $241 / 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 $9,153 $747,463 $338,635 $408,828
2024 $9,153 $732,808 $331,996 $400,812
2023 $8,979 $718,440 $325,487 $392,953
2022 $8,564 $704,354 $319,105 $385,249
2021 $8,453 $690,545 $312,849 $377,696
2020 $8,536 $683,466 $309,642 $373,824
2019 $8,202 $670,066 $303,571 $366,495
2018 $8,110 $656,928 $297,619 $359,309
2016 $7,740 $631,420 $286,063 $345,357
2015 $7,628 $621,937 $281,767 $340,170
2014 $7,668 $609,755 $276,248 $333,507
Source: Public Records

Agents Affiliated with this Home

  • Michelle Accetta

    Seller's Agent in 2013

    Michelle Accetta

    Beach City Brokers

    (310) 293-1883

    6 in this area

    31 Total Sales

    Michelle Accetta
    Section Image
  • Guido Jenniges

    Buyer's Agent in 2013

    Guido Jenniges

    Century 21 Union Realty

    (310) 874-6872

    2 in this area

    31 Total Sales

    Guido Jenniges
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13042013

California Regional Multiple Listing Service (CRMLS)

APN: 7454-024-016

California Los Angeles County San Pedro 90731

746 W 14th St, San Pedro, CA

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