tomo logo

$975,000

Beds
8
sq ft
3,198

577 W 4th St, San Pedro, CA 90731

577 W 4th St

San Pedro, CA 90731

  • 44 days on market
    • Price drop $20,000↓
JUST REDUCED!***Great 4-unit building in San Pedro!*** All units 2-bd + 1-bath. Front unit is vacant with recent upgrades and ready for rental! Or perfect for owner occupants. Units are large and feature laundry in each unit. Long standing tenants. Great opportunity for growth! Rent amounts provided by tenants.

Details

Property type

Lot size

5,001 sq ft

Price per sq ft

$305

Year built

1959

HOA

No

Price History

02/05/2025
CLAW

CLAW #25479373

Price change
$975,000
-2.01%
01/09/2025
CLAW

CLAW #25479373

Listed
$995,000
+4.74%
11/16/2024
CRMLS

CRMLS #CV24214237

Removed
$950,000

Schools & Community

Neighborhood: 

San Pedro

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$43,141
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$853,859
Cash to seller
$43,141

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

Seller’s Loan History

Lender

Homexpress Mortgage Corp

Loan start date

December 2023

Original loan amount

$862,500

Est. remaining balance

$853,859

Interest rate

7.5%

Loan type

New Conventional, 30 year

Seller

Ottis Hendricks

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: Active

Tomo last checked: 02/23/2025 at 10:10 AM

Listing updated: 02/05/2025 at 12:00 PM

Listed by: Ron Cooper, R.S. Cooper & Assocs Realty Phone #: (323) 299-4876

MLS: CLAW #25479373

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