NOT LISTED FOR SALE

974 W Oliver St San Pedro, CA 90731

Estimated Value: $1,057,000 - $1,427,480

6 Beds
3 Baths
2,952 Sq Ft
$424/Sq Ft Est. Value

Last Sold July 31, 2012

Last sale price $550,000 $186 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $7,262/month

25 Days on Market

Highlights

  • Peek-A-Boo Views
  • No HOA
  • Tile Flooring
  • Rudecinda Sepulveda Dodson Middle Rated A-
  • Laundry Room
  • 4-minute walk to Rena Park

About This Home

As of July 2012

Great 3 unit building built in 1990 and fully refurbished in 2009 with a new roof, kitchens, bathrooms, windows, garage
doors and much more. Perfect for either an investor or owner occupied. This building has no rent control and low
maintenance. Each unit has 2 bedrooms and private 2 car garage. Front deck measures 12 feet by 20 feet wide, that's a
240 square foot deck for the private enjoyment of the lower unit. Deck also has a natural gas hook up for BBQ or
outdoor heater. A must see property. Easy to show and the bottom unit is owner occupied for easy move in for owner
occupied buyers.

Last Agent to Sell the Property

Aurelio Mattucci

Mattucci Real Estate License #01409641 Listed on: 05/31/2012

Last Buyer's Agent

Darrell Smith

Smith-Properties License #01191850

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,376

Year Built

  • Built in 1990

Lot Details

  • 4,796

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Turnkey
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,952 Sq Ft Home
  • Peek-A-Boo Views

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside
  • Dryer
  • Washer

Additional Features

  • 4,796 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 153
  • Tax Tract Number 3295
  • Assessor Parcel Number 7447007021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $730
  • Gardener Expense $480
  • Insurance Expense $2,000
  • Trash Expense $470
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,113
  • Gross Income $4,195
  • Net Operating Income $36,732

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,376

Year Built

Built in 1990

Lot Details

0

Parking

6

Listing Details

  • CapRate: 6.46
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7447007021
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 186.31

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Garage, Outside, Washer Included
  • Trash Expense: 470.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4796.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1000
  • Electric Expense: 730.00
  • Gross Income: 4195.00
  • Gross Multiplier: 11.30
  • Gross Scheduled Income: 50340.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4796.0000 Square Feet
  • Net Operating Income: 36732.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13609.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7113.00
  • Tax Lot: 153
  • Tax Tract Number: 3295

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2017
Sold by
Sloan Bernard E
Bought by
Sloan Bernard E and Sloan Bonnie B
Current Estimated Value
$1,251,620

Purchase Details

Listed on
May 31, 2012
Closed on
Jul 18, 2012
Sold by
Adriatica Limited Partnership
Bought by
Sloan Bernard E and Sloan Bonnie
Seller's Agent
Aurelio Mattucci
Mattucci Real Estate
Buyer's Agent
Darrell Smith
Smith-Properties
List Price
$569,000
Sold Price
$550,000
Premium/Discount to List
-$19,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$350,000
Outstanding Balance
$241,371
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$1,010,249

Purchase Details

Closed on
Oct 23, 2008
Sold by
Us Bank National Association
Bought by
Adriatica Limited Partnership

Purchase Details

Closed on
May 14, 2008
Sold by
Lopez Marian O
Bought by
Us Bank Na and The Structured Asset Investment Loan Tru

Purchase Details

Closed on
Mar 22, 2006
Sold by
Lopez Reynaldo
Bought by
Lopez Marian O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 22, 2006
Sold by
Directo Fernando
Bought by
Lopez Marian O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 1, 2004
Sold by
Go Cynthia
Bought by
Directo Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2004
Sold by
Directo Fernando
Bought by
Go Cynthia and Directo Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2004
Sold by
Nacar Arnold G
Bought by
Nacar Rolita R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2004
Sold by
Nacar Rolita R
Bought by
Directo Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2002
Sold by
Lazarte Felipe E
Bought by
Nacar Rolita R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.84%

Purchase Details

Closed on
Mar 30, 1994
Sold by
Malaga S & L Assn
Bought by
Lazarte Felipe E and Lazarte Corazon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
3.62%
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
Sloan Bernard E -- None Available
Sloan Bernard E $550,000 Stewart Title Company
Adriatica Limited Partnership -- North American Title Co
Us Bank Na $585,650 North American Title Co
Lopez Marian O -- Security Union Title
Lopez Marian O $750,000 Security Union Title
Directo Fernando -- Security Union Title
Go Cynthia -- --
Nacar Rolita R -- --
Directo Fernando $410,000 Fatcola
Nacar Rolita R $360,000 First American Title Co
Lazarte Felipe E $245,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sloan Bernard E $350,000
Previous Owner Lopez Marian O $37,500
Previous Owner Lopez Marian O $675,000
Previous Owner Directo Fernando $496,000
Previous Owner Directo Fernando $328,000
Previous Owner Nacar Rolita R $288,000
Previous Owner Lazarte Felipe E $220,500
Closed Nacar Rolita R $72,000
Closed Directo Fernando $82,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2012 07/31/12 Sold $550,000 -3.3% $186 / Sq Ft
06/25/2012 06/25/12 Pending -- -- --
05/31/2012 05/31/12 For Sale $569,000 -- $193 / 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 $8,376 $677,275 $307,852 $369,423
2024 $8,376 $663,996 $301,816 $362,180
2023 $8,218 $650,978 $295,899 $355,079
2022 $7,842 $638,215 $290,098 $348,117
2021 $7,734 $625,702 $284,410 $341,292
2019 $7,506 $607,145 $275,975 $331,170
2018 $7,409 $595,241 $270,564 $324,677
2017 $7,248 $583,570 $265,259 $318,311
2016 $7,060 $572,128 $260,058 $312,070
2015 $6,959 $563,535 $256,152 $307,383
2014 $6,997 $552,497 $251,135 $301,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12068406

California Regional Multiple Listing Service (CRMLS)

APN: 7447-007-021