NOT LISTED FOR SALE

853 W 23rd St San Pedro, CA 90731

Estimated Value: $1,271,000 - $1,526,394

8 Beds
4 Baths
3,464 Sq Ft
$413/Sq Ft Est. Value

Sale Details

Date Sold: June 22, 2023

Last sale price $1,500,000 $433 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $9,146 / mo

38 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 5-minute walk to Alma Park
  • San Pedro Senior High School Rated A-

About This Home

As of June 2023

853 W 23rd St, San Pedro is a perfect opportunity for either an investor or owner-user. The subject property is located on a very quiet street in the desirable Vista Del Oro neighborhood. The area offers significant upside as the multi-million dollar “LA Waterfront” development is underway near the property. This will revitalize the under-appreciated waterfront; offering a park, amphitheater, and many new restaurants that embody San Pedro. 853 W 23rd St has an excellent unit mix of all 2-Bedroom/1-Bathroom units, which all have washer/dryer hookups and 1-Car garage. The Property will be fully vacant, so an owner can immediately place a tenant of their liking at market rent. Lastly, the roof has been replaced and a majority of the plumbing is copper.

Last Agent to Sell the Property

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770 Listed on: 03/10/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597

Last Buyer's Agent

Nadege Labat

West Shores Realty, Inc. License #01298033

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 5,003 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Quadruplex

Interior Spaces

  • 3,464 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7 / 15
  • Tax Tract Number 297
  • Assessor Parcel Number 7463006008
  • $444 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $900
  • Gardener Expense $1,200
  • Insurance Expense $2,001
  • Maintenance Expense $4,224
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $18,688
  • Operating Expense $29,713
  • Gross Income $105,600
  • Net Operating Income $72,719

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

5,003 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.86
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7463006008
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 433.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5003.00
  • Lot Size Acres: 0.1149
  • Latitude Manual: 33.72337800

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 900.00
  • Gross Income: 105600.00
  • Gross Multiplier: 14.16
  • Gross Operating Income: 102432.00
  • Gross Scheduled Income: 105600.00
  • Insurance Expense: 2001.00
  • Lot Size Area: 5003.0000 Square Feet
  • Maintenance Expense: 4224.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 72719.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 29713.00
  • Operating Expense Percent: 28.00
  • Rent Control: Yes
  • Total Expenses: 29713.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18688.00
  • Tax Block: 15
  • Tax Census Tract: 2972.02
  • Tax Lot: 7
  • Tax Tract Number: 297...
  • TaxOtherAnnualAssessmentAmount: 444.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
May 18, 2023
Sold by
Tina Basak
Bought by
Amin Amar
Seller's Agent
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Nadege Labat
West Shores Realty, Inc.
List Price
$1,495,000
Sold Price
$1,500,000
Premium/Discount to List
$5,000
0.33%
Views
42
Current Estimated Value
$1,429,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$70,401
Avg. Annual Appreciation
-1.68%
Original Mortgage
$1,125,000
Outstanding Balance
$1,086,110
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$343,489

Purchase Details

Closed on
Apr 21, 2023
Sold by
Arnold Co Llc
Bought by
Sivakumar Walavan and Amin Amar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Outstanding Balance
$1,086,110
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$343,489

Purchase Details

Closed on
Sep 14, 2022
Sold by
Leix Arnold Ivan
Bought by
Arnold Co Llc

Purchase Details

Listed on
Jul 22, 2020
Closed on
Sep 14, 2020
Sold by
Leavey Gloria M
Bought by
Arnold Ivan Leix
Seller's Agent
Albert Ricci
Ricci Realty
Buyer's Agent
AJ Nay
AJ Nay, Broker
List Price
$995,000
Sold Price
$1,060,000
Premium/Discount to List
$65,000
6.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%

Purchase Details

Listed on
Jul 22, 2020
Closed on
Aug 10, 2020
Sold by
Leavey John W
Bought by
Leavey Gloria M
Seller's Agent
Albert Ricci
Ricci Realty
Buyer's Agent
AJ Nay
AJ Nay, Broker
List Price
$995,000
Sold Price
$1,060,000
Premium/Discount to List
$65,000
6.53%

Purchase Details

Closed on
Aug 31, 2017
Sold by
Beavey Gloria M and The Sophie D Steve Family Trus
Bought by
Leavey Gloria M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Amin Amar -- Fidelity National Title
Sivakumar Walavan -- Fidelity National Title
Sivakumar Walavan $1,500,000 Fidelity National Title
Arnold Co Llc -- Accommodation/Courtesy Recordi
Arnold Ivan Leix $1,060,000 Orange Coast Ttl Co Of Socal
Leavey Gloria M -- Orange Coast Ttl Co Of Socal
Leavey Gloria M -- None Available
Leavey Gloria M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amin Amar $1,125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2023 06/22/23 Sold $1,500,000 +0.3% $433 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $1,495,000 +41.0% $432 / Sq Ft
09/18/2020 09/18/20 Sold $1,060,000 +6.5% $306 / Sq Ft View Prior Sale
07/22/2020 07/22/20 For Sale $995,000 -- $287 / 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 $18,808 $1,560,600 $1,248,480 $312,120
2024 $18,808 $1,530,000 $1,224,000 $306,000
2023 $13,680 $1,102,824 $728,280 $374,544
2022 $13,046 $1,081,200 $714,000 $367,200
2021 $12,875 $1,060,000 $700,000 $360,000
2020 $2,008 $132,884 $31,581 $101,303
2019 $1,943 $130,279 $30,962 $99,317
2018 $11,591 $940,000 $640,000 $300,000
2017 $1,755 $125,221 $29,760 $95,461
2016 $1,673 $122,767 $29,177 $93,590
2015 $1,651 $120,924 $28,739 $92,185
2014 $1,682 $118,557 $28,177 $90,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23040325

California Regional Multiple Listing Service (CRMLS)

APN: 7463-006-008

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