NOT LISTED FOR SALE
22 Beds
15 Baths
8,948 Sq Ft
10,000 Sq Ft Lot

Sale Details

Date Sold: December 28, 2018

Last sale price $2,900,000 $324 Per Sq Ft

58 Days on Market

Highlights

  • Built-In Features
  • Tandem Parking
  • Central Heating and Cooling System
  • Cabrillo Avenue Elementary School Rated 9+

About This Home

As of December 2018

ALMOST COMPLETED! TIME TO BUY: NEW CONSTRUCTION. NOT SUBJECT TO RENT CONTROL. Purchase Price: $2,989,000. (Projected ) Pro-Forma Monthly Gross Rent: $20,200. Pro-Forma Annual Gross Rent: $242,400. Vacancy & Operating Costs (20%): $48,480. Pro-Forma NOI: $155,170. CAP RATE 5.01%(@ $2,989,000 Purchase Price): GRM (@ $2,989,000 Purchase Price): 12.78* Great, Quiet neighborhood* Proximity to beaches* Easy access to 110 Freeway (direct artery to 405 Freeway)* Surrounded by affluent communities of Rancho Palos Verdes & Rolling Hills Estates * Proximity to the Port of Los Angeles & Port of Long Beach* Close to new Ports O'Call, undergoing $150 Million Renovation All Units Include:* 1 Tandem Garage Space (2 Spaces)* Individually metered for electric, gas, and water * individual tankless water heater* Central A/C and Heat* Washer & Dyer* Refrigerator* Dishwasher Investment Opportunity* Brand-New Construction* Multifamily Apartment Complex* All Units Can be delivered Vacant

Last Agent to Sell the Property

Lacy Burke

Lacy Burke Broker License #01906970 Listed on: 03/06/2018

Last Buyer's Agent

Lacy Burke

Lacy Burke Broker License #01906970 Listed on: 03/06/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018

Lot Details

  • 10,000

Interior Spaces

  • 8,948 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 15 Bathrooms

Parking

  • 14 Parking Spaces
  • Tandem Parking

Additional Features

  • 10,000 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7451-020-034

Property Details

Home Type

Multi-Family

Year Built

Built in 2018

Lot Details

10,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8948
  • Stories: 2
  • Year Built: 2018
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 22
  • Total Bathrooms: 15.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 334.04

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Tandem
  • Total Parking: 14

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 70001
  • Assessed Land Value: 254573
  • Assessor Parcel Number: 7451-020-034
  • Geocode Override: No
  • Lot Size Area: 10000

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.78
  • Number Of Units: 7
  • Rent Control: 0
  • Type Of Units: Apartment

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
Mar 6, 2018
Closed on
Nov 16, 2018
Sold by
752 West Llc
Bought by
Seller's Agent
Lacy Burke
Lacy Burke Broker
Buyer's Agent
Lacy Burke
Lacy Burke Broker
List Price
$3,100,000
Sold Price
$2,900,000
Premium/Discount to List
-$200,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Outstanding Balance
$1,990,507
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 20, 2017
Closed on
Jan 28, 2017
Sold by
Gold Fanning Claudia
Bought by
752 West Llc
Seller's Agent
Lacy Burke
Lacy Burke Broker
Buyer's Agent
Lacy Burke
Lacy Burke Broker
List Price
$499,000
Sold Price
$525,000
Premium/Discount to List
$26,000
5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
150.64%
Original Mortgage
$380,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2014
Sold by
Fanning John and Gold Fanning Claudia
Bought by
Gold Fanning Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,105
Interest Rate
3.89%

Purchase Details

Closed on
Jan 4, 2002
Sold by
Miller Robert L
Bought by
Fanning John and Gold Fanning Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
7.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1998
Sold by
Miller Robert L
Bought by
Miller Robert L and Robert Larue Miller Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 25, 1996
Sold by
Paton Benjamin Clarence
Bought by
Paton Benjamin Clarence and Miller Robert L

Purchase Details

Closed on
Jan 24, 1996
Sold by
Chan Fook Kheong and Chan Terry Kwanyu
Bought by
Paton Benjamin Clarence

Purchase Details

Closed on
Mar 9, 1995
Sold by
Chan Fook Kheong and Chan Terry Kwanyu
Bought by
Chan Fook Kheong and Chan Terry Kwanyu
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,899,500 Provident Title Company
752 West Llc $525,000 Progressive Title
Gold Fanning Claudia -- Ticor Title Company
Fanning John $255,000 First American Title Co
Miller Robert L -- --
Paton Benjamin Clarence -- First American
Paton Benjamin Clarence $118,000 First American Title Co
Chan Fook Kheong -- --
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 $2,300,000
Previous Owner 752 West Llc $1,411,000
Previous Owner 752 West Llc $380,000
Previous Owner Gold Fanning Claudia $179,105
Previous Owner Fanning John $139,000
Previous Owner Fanning John $72,000
Previous Owner Fanning John $67,000
Previous Owner Fanning John $229,500
Previous Owner Miller Robert L $205,000
Previous Owner Miller Robert L $25,000
Previous Owner Miller Robert L $150,000
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 Prior Sale
12/28/2018 12/28/18 Sold $2,900,000 -3.0% $324 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
04/27/2018 04/27/18 Price Changed $2,989,000 -3.6% $334 / Sq Ft
03/26/2018 03/26/18 For Sale $3,100,000 +6.9% $346 / Sq Ft
03/20/2018 03/20/18 Off Market $2,900,000 -- --
03/06/2018 03/06/18 For Sale $3,100,000 +490.5% $346 / Sq Ft
02/16/2017 02/16/17 Sold $525,000 +5.2% $350 / Sq Ft View Prior Sale
01/23/2017 01/23/17 Pending -- -- --
01/22/2017 01/22/17 Price Changed $499,000 0.0% $333 / Sq Ft
01/22/2017 01/22/17 For Sale $499,000 +24.8% $333 / Sq Ft
01/22/2017 01/22/17 Pending -- -- --
01/20/2017 01/20/17 For Sale $400,000 -- $267 / Sq Ft
Source: The MLS

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 $39,949 $3,298,560 $853,369 $2,445,191
2025 $39,949 $3,233,884 $836,637 $2,397,247
2024 $39,298 $3,170,476 $820,233 $2,350,243
2023 $38,543 $3,108,310 $804,150 $2,304,160
2022 $36,422 $3,047,364 $788,383 $2,258,981
2021 $35,947 $2,987,613 $772,925 $2,214,688
2020 $36,314 $2,956,980 $765,000 $2,191,980
2019 $34,296 $2,899,000 $750,000 $2,149,000
2018 $6,610 $535,500 $331,500 $204,000
2017 $4,074 $324,574 $254,573 $70,001
2016 $3,971 $318,211 $249,582 $68,629
2015 $3,915 $313,433 $245,834 $67,599
2014 $3,937 $307,294 $241,019 $66,275
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-324832

The MLS

APN: 7451-020-034

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