NOT LISTED FOR SALE

Estimated Value: $1,310,082

8 Beds
5 Baths
3,841 Sq Ft
$341/Sq Ft Est. Value

Sale Details

Date Sold: January 16, 2019

Last sale price $980,000 $255 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $8,340 / mo

22 Days on Market

Highlights

  • Property is near public transit
  • Granite Countertops
  • Accessible Parking
  • Wood Flooring
  • Living Room Balcony
  • Central Heating

About This Home

As of January 2019

Great 3 unit building located in the heart of San Pedro. Downstairs unit has recently been remodeled with granite countertops, new carpet, refinished hardwood floors, freshly painted, remodeled bathrooms w/ new tile and fixtures. All units have a combination of hardwood floors, carpet, and tile flooring. Front unit has large balcony, downstairs unit has backyard area - all units have 1 car garage with additional parking space. Completely rented - this is an easy to maintain building in a great location.

Last Agent to Sell the Property

Lisa Pearce

Arico & Associates, Inc. License #01337908 Listed on: 10/10/2018

Last Buyer's Agent

Jane Sager

Estate Properties License #01001004

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,079 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,841 Sq Ft Home
  • Property Attached
  • Composition Roof

Kitchen

  • Gas Range
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Additional Features

  • Washer and Gas Dryer Hookup
  • Accessible Parking
  • Property is near public transit
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 7458019016

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,600
  • Trash Expense $100
  • Water Sewer Expense $225
  • New Taxes Expense $12,187
  • Operating Expense $18,287
  • Gross Income $67,565
  • Net Operating Income $61,353

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

6,079 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 225.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7458019016
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Granite Counters, Living Room Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 255.14

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6079.00
  • Lot Size Acres: 0.1396

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 67565.40
  • Gross Multiplier: 14.25
  • Gross Scheduled Income: 67565.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6079.0000 Square Feet
  • Net Operating Income: 61353.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6332.00
  • Rent Control: Yes
  • Total Actual Rent: 565987.00
  • Total Expenses: 18287.00

Tax Info

  • New Taxes Expense: 12187.00
  • Tax Census Tract: 2969.01

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2018
Sold by
Bought by
Current Estimated Value
$1,310,082

Purchase Details

Closed on
Apr 19, 2016
Sold by
Bought by

Purchase Details

Listed on
Apr 11, 2013
Closed on
Jul 12, 2013
Sold by
Bought by
Seller's Agent
Rob Demate
TLC Real Estate Services Inc
Buyer's Agent
Lisa Pearce
Arico & Associates, Inc.
List Price
$849,000
Sold Price
$725,000
Premium/Discount to List
-$124,000
-14.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Original Mortgage
$543,750
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2009
Sold by
Bought by

Purchase Details

Closed on
May 10, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.37%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in San Pedro, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$980,000 Usa National Title Company
-- None Available
$725,000 Wfg Title Company
-- Accommodation
-- Accommodation
-- Ticor Title Co Of California
-- Ticor Title Co Of California
-- Southland Title Corporation
$340,000 Southland Title Corporation
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $543,750
Previous Owner $656,250
Previous Owner $140,000
Previous Owner $190,000
Previous Owner $286,500
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2019 01/16/19 Sold $980,000 +0.5% $255 / Sq Ft
10/10/2018 10/10/18 For Sale $975,000 +34.5% $254 / Sq Ft
08/10/2013 08/10/13 Sold $725,000 -14.6% $189 / Sq Ft View Prior Sale
07/10/2013 07/10/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $849,000 -- $221 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,664 $1,093,203 $702,774 $390,429
2024 $13,474 $1,071,769 $688,995 $382,774
2023 $13,219 $1,050,755 $675,486 $375,269
2022 $12,614 $1,030,153 $662,242 $367,911
2021 $12,448 $1,009,955 $649,257 $360,698
2019 $9,929 $796,711 $412,092 $384,619
2018 $9,810 $781,090 $404,012 $377,078
2016 $9,355 $750,762 $388,325 $362,437
2015 $9,221 $739,485 $382,492 $356,993
2014 $9,265 $725,000 $375,000 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18247147

California Regional Multiple Listing Service (CRMLS)

APN: 7458-019-016

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