NOT LISTED FOR SALE

950 W Sepulveda St Unit 1-4 San Pedro, CA 90731

Estimated Value: $1,645,000 - $2,150,358

12 Beds
8 Baths
5,000 Sq Ft
$380/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $1,474,000 $295 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $12,136/month

5 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • 8 Car Garage
  • Rudecinda Sepulveda Dodson Middle Rated A-
  • Laundry Room
  • 3-minute walk to Bandini Canyon Park

About This Home

As of June 2021

This four-plex is one of a kind! Well maintained 1990s four-plex apartment building, close to schools, restaurants, freeways & shopping. This property is NOT rent controlled and having been built in 1990 it has the feeling of a comfortable, well maintained property. 2 separate buildings with 2 units in each building that face each other rather than facing the street. What a great, quiet setting for the tenants. This is a great property for an investor or owner user with four equal units, each has 3 bedrooms, 2 baths, and a 2 car tandem garage. All units have a washer/dryer hook-up and 3 out of the 4 have a balcony. Newer roof, new exterior lighting, new fencing in front of building. All units have separate meters for gas and electric. Located on a beautiful palm tree lined residential street, one block away from Bandini Elementary School and less than 1/2 mile away from the 110 Harbor Freeway and 1 ½ miles away from the new LA Waterfront Development! All offers subject to inspection, please do not disturb tenants.

Last Agent to Sell the Property

Lesley Siegel

Compass License #01324071 Listed on: 05/17/2021

Compass

Co-Listed By

Lynn Peters

Compass License #01320138

Last Buyer's Agent

Kimiyasu Murayoshi

Andrew C. Lee License #01329437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,046

Year Built

  • Built in 1990

Lot Details

  • 5,937 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Tandem Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,000 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 7 / 2
  • Tax Tract Number 2085
  • Assessor Parcel Number 7447009017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $850
  • Gardener Expense $1,020
  • Insurance Expense $1,800
  • Maintenance Expense $6,000
  • Pest Control $1,085
  • Trash Expense $1,000
  • Water Sewer Expense $4,316
  • New Taxes Expense $17,988
  • Operating Expense $34,059
  • Net Operating Income $66,141

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,046

Year Built

Built in 1990

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 4316.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 7447009017
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 294.80

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage, Tandem Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Pest Control Expense: 1085.00
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5937.00
  • Lot Size Acres: 0.1363

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1225 Square Feet
  • Electric Expense: 850.00
  • Gross Scheduled Income: 100200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5937.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 66141.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 34059.00
  • Rent Control: No
  • Total Actual Rent: 8350.00
  • Total Expenses: 34059.00

Tax Info

  • New Taxes Expense: 17988.00
  • Tax Block: 2
  • Tax Census Tract: 2965.00
  • Tax Lot: 7
  • Tax Tract Number: 2085

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Aug 10, 2021
Sold by
Open House Investments Llc
Bought by
Tsukada Co Ltd
Seller's Agent
Lesley Siegel
Compass
Buyer's Agent
Kimiyasu Murayoshi
Andrew C. Lee
List Price
$1,499,000
Sold Price
$1,474,000
Premium/Discount to List
-$25,000
-1.67%
Current Estimated Value
$1,901,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,090
Avg. Annual Appreciation
6.04%
Original Mortgage
$108,691,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 10, 2021
Sold by
First City Properties Llc
Bought by
Open House Investments Llc
Seller's Agent
Lesley Siegel
Compass
Buyer's Agent
Kimiyasu Murayoshi
Andrew C. Lee
List Price
$1,499,000
Sold Price
$1,474,000
Premium/Discount to List
-$25,000
-1.67%

Purchase Details

Closed on
Jul 25, 2019
Sold by
First City Properties Llc
Bought by
Puri Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2016
Sold by
Nerja Investments Llc
Bought by
First City Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2012
Sold by
Sepulveda Income Trust
Bought by
Nerja Investments Llc

Purchase Details

Closed on
Dec 7, 2011
Sold by
Davis Donald Deboau
Bought by
Sepulveda Income Trust

Purchase Details

Closed on
Jan 10, 2005
Sold by
Davis Donald Deboau and Davis Donald Deboeu
Bought by
Davis Donald Deboau

Purchase Details

Closed on
Jul 28, 1998
Sold by
Peterson Rolph and Peterson Alice
Bought by
Davis Donald Deboeu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,077
Interest Rate
6.93%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Tsukada Co Ltd $1,960,000 Chicago Title
Open House Investments Llc $1,474,000 Progressive Title
First City Properties Llc -- Progressive Title
Puri Isabel -- Fidelity National Ttl Group
First City Properties Llc $1,150,000 Lawyers Title
Nerja Investments Llc -- None Available
Sepulveda Income Trust $684,000 None Available
Davis Donald Deboau -- --
Davis Donald Deboeu $332,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsukada Co Ltd $108,691,800
Previous Owner Puri Isabel $980,000
Previous Owner First City Properties Llc $740,000
Previous Owner Davis Donald Deboeu $317,077
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2021 06/21/21 Sold $1,474,000 -1.7% $295 / Sq Ft
05/22/2021 05/22/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $1,499,000 -- $300 / 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 $25,046 $2,079,967 $1,220,389 $859,578
2024 $25,046 $2,039,184 $1,196,460 $842,724
2023 $24,560 $1,999,200 $1,173,000 $826,200
2022 $23,416 $1,960,000 $1,150,000 $810,000
2021 $14,925 $1,224,555 $636,526 $588,029
2020 $15,073 $1,212,000 $630,000 $582,000
2019 $14,578 $1,196,460 $624,240 $572,220
2018 $14,430 $1,173,000 $612,000 $561,000
2016 $8,871 $716,200 $371,363 $344,837
2015 $8,744 $705,443 $365,785 $339,658
2014 $8,793 $691,625 $358,620 $333,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21092337

California Regional Multiple Listing Service (CRMLS)

APN: 7447-009-017