NOT LISTED FOR SALE

960 W 26th St San Pedro, CA 90731

Estimated Value: $1,185,000 - $1,659,000

8 Beds
4 Baths
3,452 Sq Ft
$410/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $972,700 $282 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $8,601/month

7 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Up Slope from Street
  • Property is near a park
  • No HOA
  • Ceramic Countertops

About This Home

As of August 2018

This is a 4-unit building in a great location on a nice quiet street in San Pedro ‘Palisades’ area. These units are always rented because they have a very open and spacious floor plan (see photo or attached drawing) with inside laundry hook-ups, own gas water heater, and own 1-car garage! All units have 2 bedrooms, 1 full bathroom with tiled counter & tub/shower walls, large living room, a good-sized kitchen with dining area, and lots of closet space. Each unit has a gas range, and most units have mirrored closets doors & ceiling fans. One unit has been recently upgraded with newer carpet and nice vinyl plank floors. Building has copper plumbing, newer vinyl windows, and separate electric & gas meters. Great tenants, 3 are long term, and one is little over 1 year. Rents shown are the rents starting on 9/1/18. Total building square footage is 3,452 and lot size is 5,001 (per tax record). It’s a close to everything: shopping, dining, Waterfront, schools, and freeway.

Last Agent to Sell the Property

Karen Lucas

Estate Properties License #01049036 Listed on: 07/20/2018

Estate Properties

Last Buyer's Agent

Fred DiBernardo

Fred DiBernardo License #00573495

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,257

Year Built

  • Built in 1963

Lot Details

  • 5,001 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage
  • Up Slope from Street

Home Design

  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,452 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Gas Range
  • Ceramic Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 28
  • Assessor Parcel Number 7463014027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $581
  • Gardener Expense $360
  • Insurance Expense $1,875
  • Maintenance Expense $3,600
  • Pest Control $75
  • Supplies Expense $96
  • Trash Expense $1,080
  • Water Sewer Expense $2,624
  • New Taxes Expense $12,188
  • Operating Expense $22,383
  • Gross Income $64,872
  • Net Operating Income $42,489

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,257

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.36
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Supplies Expense: 96.00
  • View: No
  • Water Sewer Expenses: 2624.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7463014027
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 281.78
  • Room Type: Laundry

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet, Inside
  • Pest Control Expense: 75.00
  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Near Public Transit, Park Nearby, Up Slope from Street
  • Lot Size Sq Ft: 5001.00

Rental Info

  • Tenant Pays: Cable TV, Gas, Other

Multi Family

  • Average2 Bed Area: 887 Square Feet
  • Electric Expense: 581.00
  • Gross Income: 64872.00
  • Gross Multiplier: 15.03
  • Gross Operating Income: 64223.00
  • Gross Scheduled Income: 64872.00
  • Insurance Expense: 1875.00
  • Maintenance Expense: 3600.00
  • Net Operating Income: 42489.00
  • 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 Range: 4
  • Operating Expense: 22383.00
  • Rent Control: Yes
  • Total Actual Rent: 5406.00
  • Total Expenses: 22383.00
  • Vacancy Allowance: 648
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 12188.00
  • Tax Census Tract: 2975.00
  • Tax Lot: 28
  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2018
Closed on
Aug 15, 2018
Sold by
Emmanouilides Nicholas
Bought by
Filippo Giannols
Seller's Agent
Karen Lucas
Estate Properties
Buyer's Agent
Fred DiBernardo
Fred DiBernardo
List Price
$975,000
Sold Price
$972,700
Premium/Discount to List
-$2,300
-0.24%
Current Estimated Value
$1,413,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,227
Avg. Annual Appreciation
4.04%

Purchase Details

Closed on
Nov 7, 2002
Sold by
Emmanouilides George C and Emmanouilides Akrevoe K
Bought by
Emmanouilides George C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.28%

Purchase Details

Closed on
Feb 22, 1995
Sold by
Emmanouilides George C and Emmanouilides Akrevoe K
Bought by
Emmanouilides George C
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
Filippo Giannols $973,000 Progressive Title
Emmanouilides George C -- --
Emmanouilides George C -- --
Emmanouilides George C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Emmanouilides George C $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2018 08/23/18 Sold $972,700 -0.2% $282 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $975,000 -- $282 / 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 $13,257 $1,085,393 $706,121 $379,272
2024 $13,257 $1,064,112 $692,276 $371,836
2023 $13,004 $1,043,248 $678,702 $364,546
2022 $12,404 $1,022,794 $665,395 $357,399
2021 $12,241 $1,002,741 $652,349 $350,392
2020 $12,363 $992,460 $645,660 $346,800
2019 $11,878 $973,000 $633,000 $340,000
2018 $6,246 $490,906 $205,285 $285,621
2016 $5,943 $471,845 $197,314 $274,531
2015 $5,859 $464,759 $194,351 $270,408
2014 $5,901 $455,656 $190,544 $265,112
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV18164159

California Regional Multiple Listing Service (CRMLS)

APN: 7463-014-027