Seller's Agent in 2022
Gary Krill
Compass
(310) 994-3922
112 in this area
144 Total Sales
752 W 25th St San Pedro, CA 90731
Estimated Value: $2,603,984 - $3,184,000
17
Beds
12
Baths
8,000
Sq Ft
$362/Sq Ft
Est. Value
Highlights
- Ocean View
- Fishing
- No HOA
- Golf Course Community
- Midcentury Modern Architecture
- Hiking Trails
About This Home
As of July 2022Incredible opportunity to be the 2nd owner of this TROPHY property. Original owners acquired the duplex at 758-760 W 25th St. in the 1950s, bought the lot next door and then in 1963 built the additional seven units to create this pride-of-ownership property nine unit complex that sits on an almost 9000 sq ft double-lot in a prime area of San Pedro. Building mix includes three 2 bedroom 2 bath units, five 2 bedroom 1 bath units and one 1 bedroom 1 bath unit. Some of the units offer breathtaking ocean, harbor and Angel's Gate views and all enjoy the cool ocean breezes. Interiors are in good conditon with a few being remodeled and the roof and windows were replaced in 2002. LA city mandated soft story retrofit? No need to worry about that, it was completed in February of last year (at a cost of about $100k). Laundry hook-ups in units A,B,C, 758 & 760, the other units use coin-operated community laundry equipment. There are 4 garage spaces plus 6 carport spaces. The location? Its located literally just minutes away from local beaches, ocean bluffs, the bustling downtown business district and the multi-million dollar "West Harbor" waterfront redevelopment that is already underway and scheduled to be completed within the next few years. Value? This building is priced aggressively at 15.7 X CURRENT rents (not proforma) and a cap of 4.4. There is also tons of upside in the rents with proforma rents coming in at just over $214,000 per year. This is a great opportunity for your investor clients looking to complete a 1031 exchange. You won't find a better investment deal out there. Hurry!!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $32,037
Year Built
- Built in 1963
Lot Details
- 8,961 Sq Ft Lot
- Lot Dimensions are 80x120
- No Common Walls
- Front Yard Sprinklers
Parking
- 4 Car Garage
- Carport
- Parking Available
Property Views
- Ocean
- Marina
- Harbor
Home Design
- Midcentury Modern Architecture
- Shingle Roof
- Composition Roof
Interior Spaces
- 8,000 Sq Ft Home
- Double Pane Windows
- Free-Standing Range
- Laundry Room
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 17 Bedrooms
- 12 Bathrooms
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 19 / 18
- Tax Tract Number 7463
- Assessor Parcel Number 7463012036
Community Details
Overview
- No Home Owners Association
- 9 Units
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Fishing
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,600
- Fuel Expense $3,000
- Insurance Expense $6,000
- Water Sewer Expense $5,000
- New Taxes Expense $29,000
- Operating Expense $46,100
- Gross Income $152,676
- Net Operating Income $106,576
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 9, 2002
Sold by
Bozulich Robert John and Bozulich Rita Filomena
Bought by
Bozulich Robert John and Bozulich Rita Filomena
Current Estimated Value
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
6.06%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 23, 2001
Sold by
Bozulich Robert John and Winifred Bozulich Trust
Bought by
Bozulich Robert John and Bozulich Rita Filomena
Purchase Details
Closed on
Jan 8, 1996
Sold by
Bozulich Winifred
Bought by
Bozulich Winifred and The Winifred Bozulich Trust
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 |
|---|---|---|---|
| Bozulich Robert John | -- | American Coast Title | |
| Bozulich Robert John | -- | -- | |
| Bozulich Winifred | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Bozulich Robert John | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/13/2022 07/13/22 | Sold | $2,500,000 | +4.3% | $313 / Sq Ft |
| 06/22/2022 06/22/22 | Pending | -- | -- | -- |
| 06/16/2022 06/16/22 | For Sale | $2,398,000 | -- | $300 / 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 | $32,037 | $2,601,000 | $1,040,400 | $1,560,600 |
| 2024 | $32,037 | $2,550,000 | $1,020,000 | $1,530,000 |
| 2023 | $31,430 | $2,500,000 | $1,000,000 | $1,500,000 |
| 2022 | $5,245 | $327,097 | $72,976 | $254,121 |
| 2021 | $5,140 | $320,685 | $71,546 | $249,139 |
| 2019 | $5,017 | $311,175 | $69,425 | $241,750 |
| 2018 | $4,837 | $305,074 | $68,064 | $237,010 |
| 2016 | $4,514 | $293,229 | $65,422 | $227,807 |
| 2015 | $4,462 | $288,826 | $64,440 | $224,386 |
| 2014 | $4,537 | $283,169 | $63,178 | $219,991 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Krill
-
Matt Lee
Buyer's Agent in 2022
Matt Lee
Lilly Enterprises, Inc.
(310) 324-7400
1 in this area
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22119428
APN: 7463-012-036
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