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625 South Gaffey Street

625 South Gaffey Street, San Pedro, CA 90731
625 South Gaffey Street has been categorized by the local assessors in San Pedro, CA as a commercial type of property. The building on the property was first built in 1975 and is 49 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 625 South Gaffey Street has 2,541 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,825 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with no air conditioning at the moment. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 625 South Gaffey Street sold most recently in Dec 6, 2016 for a total of $720,000. If you work out the math, that's approximately a cost of $283.35 per sqft. Before that, the property was also sold for $545,000 in May 24, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,643 in taxes each year. 625 South Gaffey Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $803,170. If we break it down further, the land itself was valued at $384,852. Improvements to the property, however, were assessed at a total of $418,318. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: B
  • Construction Type: Masonry
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,825
  • Total Building Area: 2,541
  • Gross Building Area: 2,541
  • Building Area: 2,541
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,541
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: MCLAUGHLIN TRACT
  • Land Acres: 0.088
  • Standard Land Use Code: Store (multi-story)
  • County Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: MCLAUGHLIN TRACT EX OF ST LOT/SEC 28 BLK/DIV/TWN A

Ownership

  • Current Owner : SONG DAVID DAEYOUNG
  • Current Owner 2: CHAE KYUNG HEE
  • Previous Owner : PAEK IN YONG
  • Owner Before Previous Owner: DROZDA WILLIAM

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 296600

Zoning

  • Zoning: LAC2

Geography

  • Assessors Map Reference: 78-F3
  • Parcel: 7451-035-027
  • Block: A
  • Lot: 28
  • Municipality: SOUTH /PALOS VERDES
  • Latitude: 33.7383
  • Longitude: -118.293

    Address

  • Full Address: 625 S Gaffey St
  • Address - House Number: 625
  • Street Direction: S
  • Address - Street Name: Gaffey
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Pedro
  • Carrier Code: C038
  • 4-Digit Zip Code: 3026
  • Zip Code: 90731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,643
  • Tax Rate Code Area: 13-245

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $875,000
  • First Open Lien Mortgage Lender: PACIFIC CITY BANK
  • First Open Lien Mortgage Recording Date: Dec 19, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $875,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $803,170
  • Assessed Land Value: $384,852
  • Assessed Improvements Value: $418,318

    Sales

  • Current Sale Contract Date: Dec 06, 2016
  • Current Sale Recording Date: Dec 19, 2016
  • Current Sale Transaction ID: 1891861089
  • Current Sale Price: $720,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-1608010
  • Previous Sale Recording Date: Jul 06, 2006
  • Previous Sale Contract Date: May 24, 2006
  • Previous Sale Amount: $545,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC CITY BANK
  • First Mortgage Transaction Date: Dec 19, 2016
  • First Mortgage Loan Amount: $875,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: WILSHIRE STATE BANK
  • Previous Mortgage Transaction Date: Jul 06, 2006
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $381,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Harbor



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Frequently Asked Questions

What neighborhood is 625 South Gaffey Street located in?
The 625 South Gaffey Street is a located in the neighborhood of Central San Pedro in Harbor, San Pedro.
What is the average sales price for listings in 625 South Gaffey Street?
The average sales price for units in 625 South Gaffey Street is $0 currently.

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