NOT LISTED FOR SALE

927 W 8th St San Pedro, CA 90731

Estimated Value: $1,028,000 - $1,202,000

5 Beds
4 Baths
2,408 Sq Ft
$462/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $735,000 $305 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,874/month

28 Days on Market

Highlights

  • Harbor Views
  • Granite Countertops
  • Cooling System Mounted To A Wall/Window
  • Attic
  • Lawn
  • Laundry Room

About This Home

As of January 2017

This duplex features a large 3BR/2BA House in front with terrific amenities, recent renovations and landscaping with fruit trees. Perfect for a young family. Great upgrades include a fireplace, Washer and Dryer, Dishwasher, Microwave and a basement. The front house will be delivered vacant, perfect for an owner occupied Buyer. Pet friendly with an enclosed dog run on the west side. There is a large, separate garage building with a Two Bedroom and Two Bath unit above the garage with a nice view of the harbor. The property is legally recorded as three units. The building originally had this unit as two, separate, One Bedroom, One Bath units. It can legally be returned to three units for even more income. The garage has three, one car enclosed spaces and a large storage space that can be rented. There is also a fenced driveway on the south side of the garage which can fit two cars. So each unit has three parking spaces. Enjoy pride of ownership, turnkey operation and good potential upside with this Vista Del Oro Duplex.

Last Agent to Sell the Property

Joseph Franklin

Keller Williams Beach Cities License #01936986 Listed on: 11/30/2016

Last Buyer's Agent

Joseph Franklin

Keller Williams Beach Cities License #01936986 Listed on: 11/30/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,464

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 6,080 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Landscaped
  • Sprinkler System
  • Lawn

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 2,408 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laminate Flooring
  • Harbor Views
  • Granite Countertops
  • Attic
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 19
  • Tax Tract Number 2
  • Assessor Parcel Number 7458006020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $632
  • Trash Expense $1,073
  • Water Sewer Expense $1,073
  • New Taxes Expense $8,226
  • Gross Income $4,476
  • Net Operating Income $28,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,464

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.25
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1073.00
  • Zoning: LARD1.5
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7458006020
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Fireplace Features: Living Room
  • Price Per Square Foot: 305.23
  • Room Type: Attic, Basement

Exterior Features

  • View: Harbor
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1073.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Sprinkler System
  • Lot Size Sq Ft: 6080.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4476.00
  • Gross Multiplier: 15.07
  • Gross Scheduled Income: 44796.00
  • Insurance Expense: 632.00
  • Net Operating Income: 28696.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 13860.00
  • Operating Expense Percent: 30.94
  • Other Income Description: Storage Room in Garage
  • Rent Control: Yes
  • Total Actual Rent: 3583.00
  • Vacancy Allowance: 2240
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8226.00
  • Tax Census Tract: 2969.02
  • Tax Lot: 19
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2020
Sold by
Aguirre John Roland
Bought by
Aguirre John Roland
Current Estimated Value
$1,112,018

Purchase Details

Listed on
Nov 30, 2016
Closed on
Dec 27, 2016
Sold by
Gawlik Greg M and Gawlik Patricia Woods
Bought by
Aquirre John Roland
Seller's Agent
Joseph Franklin
Keller Williams Beach Cities
Buyer's Agent
Joseph Franklin
Keller Williams Beach Cities
List Price
$675,000
Sold Price
$735,000
Premium/Discount to List
$60,000
8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%
Original Mortgage
$600,000
Outstanding Balance
$493,179
Interest Rate
4.03%
Mortgage Type
Seller Take Back
Estimated Equity
$618,839

Purchase Details

Closed on
Mar 22, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Gawlik Greg M and Gawlik Patricia Woods

Purchase Details

Closed on
Oct 29, 2009
Sold by
Lazo Gregorio V
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Apr 21, 2006
Sold by
Iacono Frank M and Iacono James C
Bought by
Lazo Gregorio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.86%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 23, 1997
Sold by
Iacono Mishel
Bought by
Iacono Frank M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.49%

Purchase Details

Closed on
Apr 26, 1996
Sold by
Mcateer Elaine F and Iacono James C
Bought by
Iacono James C and Mcateer Elaine F
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
Aguirre John Roland -- None Available
Aquirre John Roland $735,000 Fidelity National Title
Gawlik Greg M $355,000 Calcounties Title Nation
Hsbc Bank Usa National Association $430,000 None Available
Lazo Gregorio $800,000 First American Title Co
Iacono Frank M -- United Title Company
Iacono James C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aquirre John Roland $600,000
Previous Owner Lazo Gregorio $640,000
Previous Owner Iacono Frank M $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $735,000 +8.9% $305 / Sq Ft
12/28/2016 12/28/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $675,000 -- $280 / 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 $11,464 $932,561 $464,232 $468,329
2024 $11,464 $914,277 $455,130 $459,147
2023 $11,247 $896,351 $446,206 $450,145
2022 $10,731 $878,776 $437,457 $441,319
2021 $10,591 $861,546 $428,880 $432,666
2020 $10,607 $779,987 $424,483 $355,504
2019 $9,353 $764,694 $416,160 $348,534
2018 $9,256 $749,700 $408,000 $341,700
2017 $4,996 $394,831 $283,613 $111,218
2016 $4,863 $387,090 $278,052 $109,038
2015 $4,795 $381,277 $273,876 $107,401
2014 $4,821 $373,810 $268,512 $105,298
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16755565

California Regional Multiple Listing Service (CRMLS)

APN: 7458-006-020