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$650,373Estimated home value

Beds
2
Baths
1.0
sq ft
624

1032 S Mesa St, San Pedro, CA 90731

1032 S Mesa St

San Pedro, CA 90731

  • Off market
    • Price drop $16,000↓
PRICE REDUCED FOR QUICK SALE! Discover the charm of owning a detached home in the historic Vinegar Hill District of San Pedro! Why settle for a condo with HOA fees when you can own this beautifully remodeled coastal gem? This move-in-ready, fully remodeled 2 bedroom, 1 bath home is at the heart of the San Pedro West Harbor Redevelopment Area that’s scheduled to complete in 2025, offering an ideal blend of historic charm and modern conveniences along with significant future growth and investment upside potential. Situated within walking distance to downtown San Pedro, this home is close to a variety of restaurants, breweries, boutique shops, gyms, and more. It’s just minutes from Cabrillo Beach and Marina, perfect for biking and enjoying the California beach life. The home boasts modern upgrades, including laminate wood flooring, recessed lighting, quartz countertops, freshly painted interior, upgraded modern fan with remote, and new GE appliances, including a washer and dryer. The bathroom has been newly renovated with newer standing shower, modern vanity and light fixture. It even features a SMART home system with Ring Camera, Wemo Smart Light System, Yale Smart Lock System that offers the convenience of controlling your home remotely. A new clean out and upgraded plumbing was completed in 2022 to ensure longevity. The roof and flashing is only around 8-10 year old. With off-street parking, no HOA fees, and friendly neighbors, this is the perfect starter home that combines historical charm with modern amenities in a vibrant, up-and-coming neighborhood. Furthermore, this property presents an excellent opportunity as a potential short-term or long-term rental income property. Don’t miss out on this fantastic opportunity!

Details

Property type

Single Family Residence

Est. home value

$650,373

Property condition

Updated/Remodeled

Lot size

1,448 sq ft

Price per sq ft

$960

Year built

1918

Price History

09/11/2024
CRMLS

CRMLS #OC24140304

Removed
$599,000
08/09/2024
CRMLS

CRMLS #OC24140304

Price change
$599,000
-2.6%
07/12/2024
CRMLS

CRMLS #OC24140304

Listed
$615,000
+9.82%

Schools & Community

Neighborhood: 

San Pedro

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Fishing, Park, Street Lights, Sidewalks

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$70,852
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$480,228
Cash to seller
$70,852

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2022

Original loan amount

$504,000

Est. remaining balance

$480,228

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Jaime Tapia Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 09/16/2024 at 12:20 PM

Listing updated: 09/10/2024 at 1:32 PM

Listed by: Pam Lin, Redfin Phone #: (877) 973-3346

MLS: CRMLS #OC24140304

CRMLS logo

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