NOT LISTED FOR SALE

750 W 7th St San Pedro, CA 90731

Estimated Value: $1,134,000 - $1,483,000

8 Beds
6 Baths
3,830 Sq Ft
$346/Sq Ft Est. Value

Last Sold October 10, 2013

Last sale price $699,000 $183 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $7,829/month

35 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Wall Furnace
  • Laundry Room
  • 3 Car Garage

About This Home

As of October 2013

SPACIOUS 3 unit TOWNHOUSE Style Building. Units #1 and #2 are 2 BD/1.5 BA each. Large Unit #3 has 4 BD/4BA. Each unit has their own garage + 1 parking space in front of the garage & own Laundry Room inside each unit. Separate electrical meters. No Rent Control! Roof is 4 years old. Great investment opportunity!

Last Agent to Sell the Property

Denise Mardesich

Estate Properties License #00668953 Listed on: 08/05/2013

Last Buyer's Agent

Troy Sugita

Keller Williams Pacific Estate License #01923585

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,574

Year Built

  • Built in 1987

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 40x125
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Interior Spaces

  • 3,830 Sq Ft Home
  • Ceiling Fan
  • Recirculated Exhaust Fan

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Septic Type Unknown
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 20 / A
  • Tax Tract Number 20
  • Assessor Parcel Number 7451035020

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,500
  • Maintenance Expense $1,000
  • Trash Expense $300
  • Water Sewer Expense $900
  • New Taxes Expense $5,109
  • Gross Income $5,000
  • Net Operating Income $48,191

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,574

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • CapRate: 6.90
  • Improvements Percent: 51.61
  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7451035020
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 182.51
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Recirculated Exhaust Fan
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Unknown
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Value Percent: 48.39
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 40x125
  • Lot Size Sq Ft: 5001.00
  • Lot Size Acres: 0.1150

Multi Family

  • Gross Income: 5000.00
  • Gross Multiplier: 12.26
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5001.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 48191.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 8809.00
  • Rent Control: No
  • Total Actual Rent: 3595.00

Tax Info

  • New Taxes Expense: 5109.00
  • Tax Area: 14
  • Tax Block: A
  • Tax Lot: 20
  • Tax Tract Number: 20
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2014
Sold by
Lai Gilbert K Y
Bought by
The Gilbert & Clemille Lai Living Trust
Current Estimated Value
$1,324,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 5, 2013
Closed on
Sep 12, 2013
Sold by
Tupajic Robert L
Bought by
Lai Gilbert and Lai Clemille
Seller's Agent
Denise Mardesich
Estate Properties
Buyer's Agent
Troy Sugita
Keller Williams Pacific Estate
List Price
$735,000
Sold Price
$699,000
Premium/Discount to List
-$36,000
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$399,000
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2000
Sold by
Mateu Jose Alberto
Bought by
Tupajic Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
8.53%

Purchase Details

Closed on
Jan 3, 1994
Sold by
Mateu Jose Alberto
Bought by
Mateu Jose Alberto and Mateu Dominga Nelida

Purchase Details

Closed on
Oct 5, 1993
Sold by
Mateu Jose Alberto
Bought by
Mateu Jose Alberto and Mateu Dominga Nelida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.94%
Source: Public Records

Range of Values:

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Average Value
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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
The Gilbert & Clemille Lai Living Trust -- Bnt Title Company
Lai Gilbert $699,000 Fidelity National Title
Tupajic Robert L $305,000 Fidelity National Title Co
Mateu Jose Alberto -- --
Mateu Jose Alberto -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Gilbert & Clemille Lai Living Trust $394,000
Previous Owner Lai Gilbert $399,000
Previous Owner Tupajic Robert L $248,000
Previous Owner Mateu Jose Alberto $168,000
Closed Tupajic Robert L $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2013 10/10/13 Sold $699,000 -4.9% $183 / Sq Ft
09/09/2013 09/09/13 Pending -- -- --
08/05/2013 08/05/13 For Sale $735,000 -- $192 / 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 $10,574 $856,864 $386,140 $470,724
2024 $10,574 $840,064 $378,569 $461,495
2023 $10,374 $823,594 $371,147 $452,447
2022 $9,899 $807,446 $363,870 $443,576
2021 $9,762 $791,615 $356,736 $434,879
2020 $9,856 $783,499 $353,079 $430,420
2019 $9,473 $768,137 $346,156 $421,981
2018 $9,350 $753,076 $339,369 $413,707
2017 $9,147 $738,311 $332,715 $405,596
2016 $8,908 $723,836 $326,192 $397,644
2015 $8,780 $712,965 $321,293 $391,672
2014 $8,822 $699,000 $315,000 $384,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13163073

California Regional Multiple Listing Service (CRMLS)

APN: 7451-035-020