NOT LISTED FOR SALE

840 W Sepulveda St San Pedro, CA 90731

Estimated Value: $870,000 - $1,182,559

8 Beds
4 Baths
2,631 Sq Ft
$405/Sq Ft Est. Value

Last Sold February 20, 2013

Last sale price $490,000 $186 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $6,441/month

30 Days on Market

About This Home

As of February 2013

Perfect for owner user. Rent 3 units and occupy the 4th unit, can pay for itself. 1 unit currently vacant, and being remodeled. Another unit was Remodeled 1 year ago. Some upside potential.Listing agent has an interest in corporation which has a partial ownershp in the building.

Last Agent to Sell the Property

James Ward

Forward Real Estate License #00989094 Listed on: 11/20/2012

Last Buyer's Agent

Scott Promisel

License #00390428

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,562

Year Built

  • Built in 1959

Lot Details

  • 5,993

Home Design

  • Quadruplex

Interior Spaces

  • 2,631 Sq Ft Home
  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Additional Features

  • 5,993 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7447-012-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,562

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2631
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 185.86

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Water Expense: 1476.00

Fee Information

  • Gas Expense: 960.00
  • Maintenance Expense: 1200.00

Lot Info

  • Assessed Improvement Value: 140000
  • Assessed Land Value: 250000
  • Assessor Parcel Number: 7447-012-018
  • Lot Size Area: 5993

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.09
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 11056
  • Type Of Units: Fourplex
  • Vacancy Rate: 10%

Tax Info

  • Tax Expense: 5500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2012
Closed on
Jan 15, 2013
Sold by
Green Kelton and Ward Schurr Inc
Bought by
Smith Shawn C and Smith Miriam
Seller's Agent
James Ward
Forward Real Estate
Buyer's Agent
Scott Promisel
List Price
$489,000
Sold Price
$490,000
Premium/Discount to List
$1,000
0.2%
Current Estimated Value
$1,066,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$576,640
Avg. Annual Appreciation
6.43%
Original Mortgage
$340,000
Outstanding Balance
$237,963
Interest Rate
3.36%
Mortgage Type
New Conventional
Estimated Equity
$828,677

Purchase Details

Closed on
Aug 19, 2010
Sold by
Green Kelton
Bought by
Green Kelton and Ward Schurr Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,817
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2010
Sold by
Ward Schurr Inc
Bought by
Green Kelton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,817
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2010
Sold by
Dillard Kimberly
Bought by
Ward Schurr Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,817
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 24, 2006
Sold by
Bethel Kevin L
Bought by
Dillard Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
6.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 3, 2006
Sold by
Higgins Curtis C and The Curtis C Higgins Revocable
Bought by
Dillard Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
6.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 23, 1994
Sold by
Higgins Curtis C
Bought by
Higgins Curtis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
7.09%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Smith Shawn C $490,000 Title365
Green Kelton -- None Available
Green Kelton $390,000 North American Title
Green Kelton -- None Available
Ward Schurr Inc $260,000 Itc
Dillard Kimberly -- Investors Title Company
Dillard Kimberly $715,000 Investors Title Company
Higgins Curtis C -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Shawn C $340,000
Previous Owner Green Kelton $384,817
Previous Owner Dillard Kimberly $214,500
Previous Owner Dillard Kimberly $500,500
Previous Owner Higgins Curtis $199,855
Previous Owner Higgins Curtis C $200,000
Previous Owner Higgins Curtis C $122,500
Closed Ward Schurr Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2013 02/20/13 Sold $490,000 +0.2% $186 / Sq Ft
12/20/2012 12/20/12 Pending -- -- --
11/20/2012 11/20/12 For Sale $489,000 -- $186 / Sq Ft
Source: The MLS

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 $7,562 $603,388 $240,121 $363,267
2024 $7,562 $591,558 $235,413 $356,145
2023 $7,421 $579,960 $230,798 $349,162
2022 $7,085 $568,589 $226,273 $342,316
2021 $6,989 $557,441 $221,837 $335,604
2019 $6,786 $540,908 $215,258 $325,650
2018 $6,660 $530,303 $211,038 $319,265
2016 $6,349 $509,712 $202,844 $306,868
2015 $6,258 $502,057 $199,798 $302,259
2014 $6,303 $492,224 $195,885 $296,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-636973

The MLS

APN: 7447-012-018