NOT LISTED FOR SALE

861 W 4th St San Pedro, CA 90731

Estimated Value: $784,000 - $907,000

4 Beds
2 Baths
2,760 Sq Ft
$305/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $620,000 $225 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,114/month

12 Days on Market

Highlights

  • Peek-A-Boo Views
  • Tile Flooring
  • Fenced
  • Laundry Room
  • Family Room
  • Wall Furnace

About This Home

As of March 2019

Two very spacious units remodeled with solid tenants and huge upside. Property is located on a very quiet and nice block with access to restaurants, freeways, and shops. There is major upside in market rent. Washer and dryer hook ups nice kitchens and each have there own separate yard. Please drive by only! Great condition

Last Agent to Sell the Property

Matteo Bommarito

Keller Williams Realty License #01367522 Listed on: 01/17/2019

Keller Williams Realty

Last Buyer's Agent

Kimiah Wyer

Keller Williams South Bay License #01406782

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,370

Year Built

  • Built in 1923

Lot Details

  • 4,260 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Back and Front Yard

Home Design

  • Property Attached
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,760 Sq Ft Home
  • Family Room
  • Peek-A-Boo Views
  • Gas Cooktop
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Sewer Connected

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 3
  • Assessor Parcel Number 7451024021

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $500
  • Insurance Expense $750
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,125
  • Operating Expense $10,775
  • Gross Income $2,660
  • Net Operating Income $26,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,370

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 7451024021
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 224.64
  • Room Type: Family Room

Exterior Features

  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Sewer Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Vented Exhaust Fan
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: None
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4260.00
  • Lot Size Acres: 0.0978

Multi Family

  • Fuel Expense: 500.00
  • Gross Income: 2660.00
  • Gross Multiplier: 16.10
  • Gross Scheduled Income: 39780.00
  • Insurance Expense: 750.00
  • Lot Size Area: 4260.0000 Square Feet
  • Net Operating Income: 26500.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8900.00
  • Rent Control: Yes
  • Total Expenses: 10775.00

Tax Info

  • New Taxes Expense: 7125.00
  • Tax Lot: 5
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2019
Closed on
Feb 25, 2019
Sold by
Bommarito Matteo
Bought by
Fine Brandt and Hiller Jeanne
Seller's Agent
Matteo Bommarito
Keller Williams Realty
Buyer's Agent
Kimiah Wyer
Keller Williams South Bay
List Price
$644,000
Sold Price
$620,000
Premium/Discount to List
-$24,000
-3.73%
Current Estimated Value
$842,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,019
Avg. Annual Appreciation
4.71%
Original Mortgage
$320,000
Outstanding Balance
$280,764
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$561,255

Purchase Details

Closed on
Oct 26, 2015
Sold by
Lane Robert S
Bought by
Bommarito Matteo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2010
Sold by
Pigao Digna
Bought by
Lane Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,866
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2007
Sold by
Pigao Digna and Pigao Nida
Bought by
Pigao Digna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2005
Sold by
Elekes Chuck
Bought by
Pigao Digna and Pigao Nida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 1, 2004
Sold by
Ash George F and Ash Lillian C
Bought by
Elekes Chuck

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Fine Brandt $620,000 Fidelity National Title
Bommarito Matteo $410,000 Fidelity National Title Co
Lane Robert S $265,000 Lawyers Title
Pigao Digna -- First American Title Company
Pigao Digna $595,000 First American Title Co
Elekes Chuck $345,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fine Brandt $320,000
Previous Owner Bommarito Matteo $287,000
Previous Owner Lane Robert S $243,866
Previous Owner Pigao Digna $530,000
Previous Owner Pigao Digna $476,000
Previous Owner Elekes Chuck $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $620,000 -3.7% $225 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $644,000 -- $233 / 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 $8,370 $691,616 $557,756 $133,860
2024 $8,370 $678,056 $546,820 $131,236
2023 $8,209 $664,762 $536,099 $128,663
2022 $7,826 $651,729 $525,588 $126,141
2021 $7,728 $638,951 $515,283 $123,668
2020 $7,806 $632,400 $510,000 $122,400
2019 $5,326 $435,095 $265,302 $169,793
2018 $5,259 $426,564 $260,100 $166,464
2017 $5,143 $418,200 $255,000 $163,200
2016 $5,019 $410,000 $250,000 $160,000
2015 $3,500 $282,490 $213,200 $69,290
2014 $3,523 $276,957 $209,024 $67,933
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Matteo Bommarito

    Keller Williams Realty

    Section Image
  • Kimiah Wyer

    Buyer's Agent in 2019

    Kimiah Wyer

    Keller Williams South Bay

    (310) 702-7224

    2 in this area

    48 Total Sales

    Kimiah Wyer
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19010770

California Regional Multiple Listing Service (CRMLS)

APN: 7451-024-021

California Los Angeles County San Pedro 90731

861 W 4th St, San Pedro, CA

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