NOT LISTED FOR SALE

916 W Oliver St San Pedro, CA 90731

Estimated Value: $1,140,000 - $1,254,000

7 Beds
4 Baths
3,400 Sq Ft
$350/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $1,195,000 $351 Per Sq Ft

Current estimated payment $6,529/month

20 Days on Market

Highlights

  • Peek-A-Boo Views
  • Property is near public transit
  • Home Office
  • Rudecinda Sepulveda Dodson Middle Rated A-
  • Private Yard
  • Galley Kitchen

About This Home

As of April 2024

Introducing a remarkable property in San Pedro, this expansive 3 unit residence is nestled on a double lot, offering ample space and potential. The main 2 story house boasts 4 bedrooms and 2 baths, featuring a rooftop deck that provides views of the city and harbor, creating a perfect setting for relaxation and entertainment. The recently remodeled 2 bedroom 1 bath unit is ready for the next tenant or owner to occupy it. Additionally, the 1 bedroom, 1 bath unit at the rear has great long term tenants. Both the 2 bedroom and 1 bedroom units, built in 1983, are exempt from LA city rent control. Each unit comes with 2 parking spaces. With the potential to subdivide the expansive lot into two, this property presents an exceptional opportunity for additional income or development. Don't miss out on this versatile and promising investment!

Last Agent to Sell the Property

Tamas Batyi

Compass Brokerage Phone: 323-236-6450 License #02053534 Listed on: 03/05/2024

Compass

Last Buyer's Agent

Diane Valine

West Realty License #00603367

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 8,790 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Lawn
  • Back Yard

Property Views

  • Peek-A-Boo
  • Neighborhood

Home Design

  • Triplex
  • Entry on the 1st floor
  • Fire Rated Drywall
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Bar
  • Family Room
  • Living Room with Fireplace
  • Home Office
  • Sump Pump
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway Level
  • Paved Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 138
  • Tax Tract Number 3295
  • Assessor Parcel Number 7447007031

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Park

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,000
  • Insurance Expense $2,500
  • Water Sewer Expense $2,500
  • New Taxes Expense $14,000
  • Operating Expense $20,000
  • Gross Income $72,528
  • Net Operating Income $52,528

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

8,790 Sq Ft Lot

Listing Details

  • CapRate: 4.40
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: LAR1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7447007031
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Bar, Stone Counters, Sump Pump, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 351.47
  • Room Type: Den, Family Room, Galley Kitchen, Kitchen, Laundry, Living Room, Office

Exterior Features

  • View: Neighborhood, Peek-A-Boo
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, Driveway Level
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Range Hood, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Near Public Transit, Yard
  • Lot Size Sq Ft: 8790.00
  • Lot Size Acres: 0.2018

Multi Family

  • Gross Income: 72528.00
  • Gross Multiplier: 16.50
  • Gross Operating Income: 72528.00
  • Gross Scheduled Income: 72528.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 8790.0000 Square Feet
  • Net Operating Income: 52528.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 20000.00

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Census Tract: 2965.00
  • Tax Lot: 138
  • Tax Tract Number: 3295

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Mar 27, 2024
Sold by
Ybarra Michael A and Ybarra Rachel S
Bought by
Oliver Street Land Trust and 2010 Leasing Group Llc
Seller's Agent
Tamas Batyi
Compass
Buyer's Agent
Diane Valine
West Realty
List Price
$1,195,000
Sold Price
$1,195,000
Views
58
Current Estimated Value
$1,189,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,855
Avg. Annual Appreciation
-0.25%

Purchase Details

Closed on
Apr 27, 2001
Sold by
Ybarra Michael Anthony
Bought by
Ybarra Michael A and Ybarra Rachel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.92%
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
--
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
Oliver Street Land Trust $1,195,000 Provident Title
Ybarra Michael A -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ybarra Michael A $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2024 04/10/24 Sold $1,195,000 0.0% $351 / Sq Ft
03/05/2024 03/05/24 For Sale $1,195,000 -- $351 / 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 $3,284 $1,218,900 $897,600 $321,300
2024 $3,284 $233,054 $52,750 $180,304
2023 $3,229 $228,485 $51,716 $176,769
2022 $3,091 $224,005 $50,702 $173,303
2021 $3,035 $219,613 $49,708 $169,905
2020 $3,058 $217,362 $49,199 $168,163
2019 $2,952 $213,101 $48,235 $164,866
2018 $2,869 $208,924 $47,290 $161,634
2016 $2,709 $200,812 $45,454 $155,358
2015 $2,673 $197,797 $44,772 $153,025
2014 $2,703 $193,923 $43,895 $150,028
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24014843

California Regional Multiple Listing Service (CRMLS)

APN: 7447-007-031

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