NOT LISTED FOR SALE

759 W 1st St San Pedro, CA 90731

Estimated Value: $913,000 - $1,171,000

7 Beds
3 Baths
2,661 Sq Ft
$383/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $635,000 $239 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,103/month

21 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Bonus Room
  • Cabrillo Avenue Elementary School Rated 9+
  • Main Floor Bedroom
  • 5-minute walk to Bandini Canyon Park

About This Home

As of October 2016

OPPORTUNITY KNOCKS! Duplex in Holy Trinity area of San Pedro! Live in one & rent the other! While built originally in 1918 completely updated in 1998! Separate gas & electric meters! Lovingly maintained property includes front house is spacious that is filled with light. Features original hardwood floors, fresh paint, new dual-pane windows, new interior & exterior doors, 5 bedrooms & 2.5 baths. One bath is completely remodeled with new pedestal sink & shower. Views of the LA skyline & ocean. This home would be great for a growing family because there's plenty of room to stretch out! Front house was made a two-story 18 years ago & updated then. The back unit is a 2-bedroom, 1 bath also with ocean views & already vacant! Open & bright family room/dining room combo. There is a bonus room behind the front house that could be used an artists studio, music room, office, or even a great place for kids to do homework! Rear yard has wonderful mature fruit trees that harvest apples, guava & peaches each year. 3-car garage off alley. Walking distance to restaurants & close to on ramps for the 110 & 47. This property that has been well cared by a large family for many years. CAPITALIZE ON TODAY'S RENTS, property to be delivered vacant. FHA & VA buyers WELCOME!

Last Agent to Sell the Property

Wendy Rich-Soto

Keller Williams Palos Verdes License #01311750 Listed on: 07/22/2016

Keller Williams Palos Verdes

Last Buyer's Agent

Alimon Williams

SEVYN & CO.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 5,001 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • Ocean
  • Coastline
  • City Lights
  • Peek-A-Boo
  • Views of a landmark

Home Design

  • Bungalow
  • Frame Construction

Interior Spaces

  • 2,661 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Family Room
  • Bonus Room
  • Storage
  • 220 Volts In Laundry

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Utilities

  • Cooling Available
  • 220 Volts in Kitchen

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 6
  • Tax Tract Number 2
  • Assessor Parcel Number 7451010006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $950
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,988
  • Operating Expense $10,138
  • Gross Income $3,550
  • Net Operating Income $32,463

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

5,001 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Inclusions: Negotiable
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7451010006
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s), High Ceilings, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 238.63
  • Room Type: Bonus Room, Family Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • View: City Lights, Coastline, Landmark, Ocean, Peek-A-Boo
  • Pool Private: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Appliances: Dishwasher, Gas Range
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Electricity - On Property
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5001.00
  • Price Per Lot Square Foot: 127.77

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3550.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 950.00
  • Net Operating Income: 32463.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 10137.00
  • Rent Control: Yes
  • Total Expenses: 10138.00

Tax Info

  • New Taxes Expense: 7988.00
  • Tax Lot: 6
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2019
Sold by
Burgess Dustin
Bought by
Thu Phuong
Current Estimated Value
$1,017,955

Purchase Details

Closed on
Feb 19, 2019
Sold by
Amerihome Mortgage Company Llc
Bought by
Le Phuong Thu and Doan Mui Thi

Purchase Details

Closed on
Sep 20, 2018
Sold by
Miles Malik
Bought by
Amerihome Mortgage Company Llc

Purchase Details

Closed on
Aug 17, 2016
Sold by
Castillo Tessie R
Bought by
Miles Malik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,498
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 1996
Sold by
Castillo Simeon T
Bought by
Castillo Tessie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.96%

Purchase Details

Closed on
Dec 13, 1994
Sold by
Castillo Ramona Ringor
Bought by
Castillo Simeon T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
7.87%

Purchase Details

Closed on
Nov 15, 1994
Sold by
Martinez Ruben A and Stinnett Martinez E C
Bought by
Castillo Tessie R and Castillo Simeon T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
Thu Phuong -- Fidelity National Title
Le Phuong Thu $559,000 Fidelity National Ttl Ins Co
Amerihome Mortgage Company Llc $558,600 Accommodation
Miles Malik $635,000 First American Title Company
Castillo Tessie R -- Chicago Title Co
Castillo Simeon T -- Chicago Title
Castillo Tessie R $149,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miles Malik $623,498
Previous Owner Castillo Tessie R $144,000
Previous Owner Castillo Tessie R $142,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2016 10/20/16 Sold $635,000 -0.6% $239 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $639,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,982 $733,391 $390,429 $342,962
2024 $8,982 $719,012 $382,774 $336,238
2023 $8,811 $704,915 $375,269 $329,646
2022 $8,192 $672,752 $367,911 $304,841
2021 $8,081 $659,562 $360,698 $298,864
2020 $8,158 $652,800 $357,000 $295,800
2019 $7,924 $640,000 $350,000 $290,000
2018 $8,082 $647,700 $357,000 $290,700
2017 $7,907 $635,000 $350,000 $285,000
2016 $3,817 $295,788 $156,074 $139,714
2015 $3,764 $291,346 $153,730 $137,616
2014 $3,788 $285,640 $150,719 $134,921
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16161071

California Regional Multiple Listing Service (CRMLS)

APN: 7451-010-006

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