NOT LISTED FOR SALE

922 W 2nd St San Pedro, CA 90731

Estimated Value: $790,000 - $967,000

3 Beds
2 Baths
1,628 Sq Ft
$524/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $518,000 $318 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,107/month

54 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Private Yard
  • Cottage
  • Laundry Room

About This Home

As of October 2017

NO RENT CONTROL! Property is located in the LA County strip so LA City rent control does not apply. Perfect opportunity for an owner-occupant to live in the charming cottage-style front home while collecting rent from the rear unit located above two car garage. Freshly painted exteriors. Large fenced yard with room to park additional vehicles. Seller will not serve notice or vacate units prior to close of escrow. That will be buyer's responsibility. Being sold "as-is".

Last Agent to Sell the Property

Gary Krill

Compass License #01086159 Listed on: 07/06/2017

Compass

Last Buyer's Agent

Mary Adimari

Harrison Bell Real Estate License #01017554

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,597

Year Built

  • Built in 1905

Lot Details

  • 4,993 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Level Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Cottage
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,628 Sq Ft Home
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 24
  • Tax Tract Number 7451
  • Assessor Parcel Number 7451012021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $600
  • Insurance Expense $1,500
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $6,000
  • Operating Expense $12,900
  • Gross Income $2,785
  • Net Operating Income $20,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,597

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LCR2YY
  • Architectural Style: Cottage
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7451012021
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Price Per Square Foot: 318.18

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level, Yard
  • Lot Size Sq Ft: 4993.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 480 Square Feet
  • Average2 Bed Area: 1148 Square Feet
  • Electric Expense: 2400.00
  • Fuel Expense: 600.00
  • Gross Income: 2785.00
  • Gross Multiplier: 15.50
  • Gross Scheduled Income: 33420.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 20520.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12900.00
  • Rent Control: Yes
  • Total Actual Rent: 2785.00
  • Total Expenses: 12900.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 6099.00
  • Tax Lot: 24
  • Tax Tract Number: 7451

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2017
Closed on
Sep 14, 2017
Sold by
Dileva Gloria Ann and Trust Of Gloria Ann Dileva
Bought by
Kroner Nathan W
Seller's Agent
Gary Krill
Compass
Buyer's Agent
Mary Adimari
Harrison Bell Real Estate
List Price
$518,000
Sold Price
$518,000
Current Estimated Value
$853,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,042
Avg. Annual Appreciation
6.41%
Original Mortgage
$461,000
Outstanding Balance
$384,553
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$468,489

Purchase Details

Listed on
Jan 10, 2013
Closed on
Feb 8, 2013
Sold by
Dileva Thomas
Bought by
Dileva Gloria Ann and Trust Of Gloria Ann Dileva
Seller's Agent
Michael Pinnere
Standard Real Estate Services, Inc.
Buyer's Agent
Danielle Whitney Moore
Keller Williams Realty
List Price
$264,900
Sold Price
$265,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.50%

Purchase Details

Listed on
Jan 10, 2013
Closed on
Feb 7, 2013
Sold by
Us Bank National Association
Bought by
Dileva Gloria Ann and The Trust Of Gloria Ann Dileva
Seller's Agent
Michael Pinnere
Standard Real Estate Services, Inc.
Buyer's Agent
Danielle Whitney Moore
Keller Williams Realty
List Price
$264,900
Sold Price
$265,000
Premium/Discount to List
$100
0.04%

Purchase Details

Closed on
Apr 24, 2012
Sold by
Machuca Amelia
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 24, 2005
Sold by
Matherly Michael Dean and Matherly Melissa Christina
Bought by
Machuca Amelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 27, 2000
Sold by
Matherly Kevin D and Matherly Susan
Bought by
Matherly Michael Dean and Matherly Melissa Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,125
Interest Rate
8.37%
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
Kroner Nathan W $518,000 Fidelity National Title Co
Dileva Gloria Ann -- North American Title Company
Dileva Gloria Ann $265,000 North American Title Co
Us Bank National Association $242,250 Accommodation
Machuca Amelia $565,000 First American Title Co Of L
Matherly Michael Dean $65,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kroner Nathan W $461,000
Previous Owner Machuca Amelia $452,000
Previous Owner Matherly Michael Dean $216,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2017 10/06/17 Sold $518,000 +3.6% $318 / Sq Ft
08/29/2017 08/29/17 Pending -- -- --
07/25/2017 07/25/17 Price Changed $499,900 -3.5% $307 / Sq Ft
07/06/2017 07/06/17 For Sale $518,000 +95.5% $318 / Sq Ft
02/13/2013 02/13/13 Sold $265,000 0.0% $163 / Sq Ft View Prior Sale
01/17/2013 01/17/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $264,900 -- $163 / 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 $7,597 $589,390 $361,827 $227,563
2024 $7,597 $577,834 $354,733 $223,101
2023 $7,297 $566,505 $347,778 $218,727
2022 $6,943 $555,398 $340,959 $214,439
2021 $6,863 $544,509 $334,274 $210,235
2020 $6,918 $538,927 $330,847 $208,080
2019 $6,646 $528,360 $324,360 $204,000
2018 $6,533 $518,000 $318,000 $200,000
2016 $3,650 $275,660 $109,223 $166,437
2015 $3,597 $271,520 $107,583 $163,937
2014 $3,607 $266,202 $105,476 $160,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17153184

California Regional Multiple Listing Service (CRMLS)

APN: 7451-012-021