NOT LISTED FOR SALE

862 W 7th St San Pedro, CA 90731

Estimated Value: $897,000 - $983,003

3 Beds
2 Baths
2,188 Sq Ft
$438/Sq Ft Est. Value

Last Sold March 15, 2013

Last sale price $375,000 $171 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $5,686/month

9 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Two Homes on a Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2013

Trust Sale. Nice two on a lot. Perfect for owner/user. Front house is a 2 bedroom 1 bath with hardwood floors. Basement with laundry hookups and extra storage space. Rear upper unit is a huge 1 bedroom, Fenced rear yard and patio. Separate laundry room downstairs with storage and half bathroom. Siingle garage drive through to rear yard. Walking distance to schools and shopping.

Last Agent to Sell the Property

Gaetano Califano

Califano Realty License #00765847 Listed on: 01/21/2013

Last Buyer's Agent

Jackie Donell

Bayside License #01194362

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,752

Year Built

  • Built in 1927 | Remodeled

Lot Details

  • 5,400 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,188 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Window Screens
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 18
  • Assessor Parcel Number 7451034018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,230
  • Net Operating Income $26,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,752

Year Built

Built in 1927 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Smoke Detector(s)
  • View: No
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7451034018
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 171.39
  • Room Type: All Bedrooms Down
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Concrete Perimeter
  • Other Structures: Two On A Lot
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 2230.00
  • Gross Scheduled Income: 26832.00
  • Lot Size Area: 5400.0000 Square Feet
  • Net Operating Income: 26832.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Rent Control: Yes
  • Total Actual Rent: 2236.00

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: C
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2013
Closed on
Jan 30, 2013
Sold by
Ivancic Slavko A and John Peter Ivancic Living Trus
Bought by
Goshtigian Patrick G and Goshtigian Mary I
Seller's Agent
Gaetano Califano
Califano Realty
Buyer's Agent
Jackie Donell
Bayside
List Price
$375,000
Sold Price
$375,000
Current Estimated Value
$957,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$582,501
Avg. Annual Appreciation
7.65%
Original Mortgage
$262,000
Outstanding Balance
$185,438
Interest Rate
3.53%
Mortgage Type
New Conventional
Estimated Equity
$755,961

Purchase Details

Closed on
Aug 3, 2002
Sold by
Ivancic John Peter and Ivancic Slavko A
Bought by
The John Peter Ivancic Living Trust
Source: Public Records

Range of Values:

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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
Goshtigian Patrick G $375,000 Fidelity National Title Co
The John Peter Ivancic Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goshtigian Patrick G $262,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2013 03/15/13 Sold $375,000 0.0% $171 / Sq Ft
01/30/2013 01/30/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $375,000 -- $171 / 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 $5,752 $461,773 $209,337 $252,436
2024 $5,752 $452,720 $205,233 $247,487
2023 $5,645 $443,844 $201,209 $242,635
2022 $5,386 $435,142 $197,264 $237,878
2021 $5,311 $426,611 $193,397 $233,214
2020 $5,361 $422,237 $191,414 $230,823
2019 $5,155 $413,959 $187,661 $226,298
2018 $5,067 $405,843 $183,982 $221,861
2017 $4,957 $397,886 $180,375 $217,511
2016 $4,826 $390,086 $176,839 $213,247
2015 $4,757 $384,227 $174,183 $210,044
2014 $4,783 $376,701 $170,771 $205,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13008141

California Regional Multiple Listing Service (CRMLS)

APN: 7451-034-018