$1,025,000
SOLD JAN 28, 2025

753 W 14th St San Pedro, CA 90731

5 Beds
4 Baths
2,202 Sq Ft
4,807 Sq Ft Lot

Recently Sold

$465 Per Sq Ft

6% Below List Price

87 Days on Market

About This Home

As of January 2025

Huge Reduction=Discover this fully upgraded gem in the beautiful Fresh Breeze area of San Pedro. This property features a thoughtfully renovated 1182 sq. ft. main house with 3 bedrooms and 2 bathrooms at the front, complemented by 1020 sq. ft. Two 1-bedroom, 1-bathroom units in the back, all together approximately 2,202, each with its own enclosed garage.
Step inside the main residence to a spacious living room illuminated by abundant natural light from multiple windows. The adjacent dining area seamlessly connects to a charming kitchen, which boasts white cabinetry and stainless steel appliances. The home has undergone a comprehensive upgrade, including fresh paint, new flooring, kitchen cabinets and countertops, contemporary lighting fixtures, a new water heater, and exquisitely remodeled bathrooms. offers additional rental units to enhance income.
The main house includes it's own laundry room, while the back units share a laundry room. Zoned R2. Ideally located close to shops, restaurants. Seize this exceptional opportunity to own a beautifully upgraded home in a highly sought-after neighborhood.

Last Agent to Sell the Property

Farnum Darabi

Procomm Properties Brokerage Phone: 818-618-3576 License #02037865 Listed on: 08/30/2024

Co-Listed By

Key Darabi

Procomm Properties Brokerage Phone: 818-618-3576 License #00602864

Last Buyer's Agent

MICHAEL ARCIGA

THE IVRI GROUP, INC. License #02105585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,100

Year Built

  • Built in 1939

Lot Details

  • 4,807 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,202 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 7 / 21
  • Assessor Parcel Number 7454029007

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Trash Expense $2,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $15,000
  • Operating Expense $22,700
  • Gross Income $93,500
  • Net Operating Income $70,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,100

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.66
  • Other Phone Description: Farnum Darabi
  • Other Phone Number: 8186183576
  • Price Per Unit: 363333
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7454029007
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 465.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4807.00
  • Lot Size Acres: 0.1104
  • Latitude Manual: 33.73132200

Multi Family

  • Average1 Bed Area: 1020 Square Feet
  • Average3 Bed Area: 1182 Square Feet
  • Gross Operating Income: 93500.00
  • Gross Scheduled Income: 102000.00
  • Gross Spendable Income: 70800.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 4807.0000 Square Feet
  • Net Operating Income: 70800.00
  • 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: 22700.00
  • Rent Control: Yes
  • Total Expenses: 22700.00
  • Vacancy Allowance: 8500
  • Vacancy Allowance Rate: 0.08

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Block: 21
  • Tax Census Tract: 2969.01
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2024
Closed on
Jan 7, 2025
Sold by
Nzeogu Godfrey
Bought by
Melendez Rosa and Melendez Jeniffer T
Seller's Agent
Farnum Darabi
Procomm Properties
Buyer's Agent
MICHAEL ARCIGA
THE IVRI GROUP, INC.
List Price
$1,090,000
Sold Price
$1,025,000
Premium/Discount to List
-$65,000
-5.96%
Total Days on Market
87
Views
118
Current Estimated Value
$1,055,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,949
Avg. Annual Appreciation
5.77%
Original Mortgage
$700,000
Outstanding Balance
$696,225
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$359,724

Purchase Details

Listed on
Apr 13, 2024
Closed on
May 15, 2024
Sold by
Ernesto J Valera Trust and Gomez Patricia G
Bought by
Nzeogu Godfrey
Seller's Agent
Mia McGlynn
PacificWest Coastal Properties
Buyer's Agent
Edward Renteria
Pacific West Associates
List Price
$859,000
Sold Price
$880,000
Premium/Discount to List
$21,000
2.44%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.74%
Original Mortgage
$660,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2024
Closed on
May 1, 2024
Sold by
Ernesto J Valera Trust and Gomez Patricia G
Bought by
Nzeogu Godfrey
Seller's Agent
Mia McGlynn
PacificWest Coastal Properties
Buyer's Agent
Edward Renteria
Pacific West Associates
List Price
$859,000
Sold Price
$880,000
Premium/Discount to List
$21,000
2.44%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2012
Sold by
Valera Ernesto J
Bought by
Valera Ernesto J and Gomez Patricia G

Purchase Details

Closed on
May 1, 2012
Sold by
Valera Patricia E
Bought by
Valera Ernesto G

Purchase Details

Closed on
Jul 25, 2003
Sold by
Valera Ernesto J
Bought by
Valera Ernesto J and Valera Ernesto G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Valera Ernesto J and Valera Ernest J
Bought by
Valera Ernesto J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,050,000 Fidelity National Title
Grant Deed $880,000 Fidelity National Title
Grant Deed -- Fidelity National Title
Grant Deed $880,000 Fidelity National Title
Grant Deed $880,000 Fidelity National Title
Grant Deed -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Previous Owner $660,000 New Conventional
Previous Owner $660,000 New Conventional
Previous Owner $54,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2025 01/28/25 Sold $1,025,000 -6.0% $465 / Sq Ft
12/27/2024 12/27/24 For Sale $1,090,000 0.0% $495 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $1,090,000 -4.3% $495 / Sq Ft
09/30/2024 09/30/24 Price Changed $1,139,000 0.0% $517 / Sq Ft
09/30/2024 09/30/24 For Sale $1,139,000 +11.1% $517 / Sq Ft
09/27/2024 09/27/24 Off Market $1,025,000 -- --
09/19/2024 09/19/24 Price Changed $1,179,000 -5.6% $535 / Sq Ft
08/30/2024 08/30/24 For Sale $1,249,000 +41.9% $567 / Sq Ft
05/22/2024 05/22/24 Sold $880,000 +2.4% $419 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/13/2024 04/13/24 For Sale $859,000 -- $409 / 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 $11,100 $897,600 $612,000 $285,600
2024 $11,100 $903,066 $542,048 $361,018
2023 $10,885 $885,360 $531,420 $353,940
2022 $2,596 $200,244 $121,893 $78,351
2021 $2,553 $196,318 $119,503 $76,815
2020 $2,572 $194,306 $118,278 $76,028
2019 $2,479 $190,497 $115,959 $74,538
2018 $2,390 $186,763 $113,686 $73,077
2016 $2,261 $179,513 $109,272 $70,241
2015 $2,230 $176,817 $107,631 $69,186
2014 $2,255 $173,354 $105,523 $67,831
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24175590

California Regional Multiple Listing Service (CRMLS)

APN: 7454-029-007