NOT LISTED FOR SALE

977 W Sepulveda St San Pedro, CA 90731

Estimated Value: $1,587,000 - $1,984,000

8 Beds
8 Baths
3,798 Sq Ft
$453/Sq Ft Est. Value

Last Sold February 18, 2021

Last sale price $1,375,000 $362 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,869/month

44 Days on Market

About This Home

As of February 2021

This Fourplex is one of a kind! Not subject to LA City rent control! This property is perfect for an investor (delivering over a 5% Cap Rate on market rents) or an owner user. This building features large units consisting of an excellent mix of Four-2 Bed 2 Bath units (950 sq.ft. each). The units also feature large balconies and upgraded kitchens in each unit, upgraded bathrooms in two units, ample storage space and parking (two tandem parking spaces per unit). 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!

Last Agent to Sell the Property

Connor Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01992384 Listed on: 10/16/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392

Last Buyer's Agent

Connor Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01992384 Listed on: 10/16/2020

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,031

Year Built

  • Built in 1989

Lot Details

  • 5,995 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Tandem Covered Parking

Home Design

  • 3,798 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 3 / 6
  • Tax Tract Number 2085
  • Assessor Parcel Number 7447010005

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,031

Year Built

Built in 1989

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7447010005
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 362.03

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5995.00
  • Lot Size Acres: 0.1376

Multi Family

  • Gross Scheduled Income: 115200.00
  • Lot Size Area: 5995.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 2965.00
  • Tax Lot: 3
  • Tax Tract Number: 2085

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2020
Sold by
Moses Patricia E
Bought by
Pan Junru and Wu Sindy
Current Estimated Value
$1,718,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$893,750
Interest Rate
2.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2018
Sold by
Moses James E
Bought by
Moses James E and Moses Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2014
Sold by
Moses James E
Bought by
Moses James E and James E Moses Separate Trust

Purchase Details

Closed on
Nov 21, 1997
Sold by
Glendale Federal Bank Fsb
Bought by
Moses James E and Moses Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 1, 1997
Sold by
Suzuki Rick H
Bought by
Glendale Federal Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pan Junru $1,375,000 Fidelity National Title
Moses James E -- None Available
Moses James E -- None Available
Moses James E $260,000 Benefit Land Title Company
Glendale Federal Bank Fsb $30,231 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pan Junru $893,750
Previous Owner Moses James E $440,000
Previous Owner Moses James E $286,806
Previous Owner Moses James E $278,000
Previous Owner Moses James E $260,000
Previous Owner Moses James E $247,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2021 02/18/21 Sold $1,375,000 -11.3% $362 / Sq Ft
10/16/2020 10/16/20 For Sale $1,550,000 -- $408 / 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 $18,031 $1,488,342 $844,296 $644,046
2024 $18,031 $1,459,160 $827,742 $631,418
2023 $17,683 $1,430,550 $811,512 $619,038
2022 $16,864 $1,402,500 $795,600 $606,900
2021 $4,996 $383,518 $191,759 $191,759
2020 $5,038 $379,586 $189,793 $189,793
2019 $4,853 $372,144 $186,072 $186,072
2018 $4,748 $364,848 $182,424 $182,424
2016 $4,503 $350,684 $175,342 $175,342
2015 $4,441 $345,418 $172,709 $172,709
2014 $4,480 $338,652 $169,326 $169,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20218701

California Regional Multiple Listing Service (CRMLS)

APN: 7447-010-005