Closed
$1,790,000
Sold For
6,740
SqFt
6,740
SqFt

4014 S Gaffey Street

San Pedro, California CA90731-7140

Location, location, location! Coastal gems like this well-maintained trophy investment property don't come around often. Beautiful 6-unit building featuring coastline and ocean views, low-maintenance exterior, ideal unit mix and 5 garages with great income. Additional carport and on site laundry. Located just 1/2 block from Paseo Del Mar, Pt. Fermin Lighthouse and Korean Bell Park. Owners currently occupy 2 units, which will be vacant at the COE. The 3 bed, 2 bath owners unit (downstairs front) includes a private garage with separate laundry and is perfect for an owner occupant or new tenant at current market rate rent. Ideal for an owner occupant to live in and use rental income to subsidize the mortgage! Other units bring in solid income with real upside rent potential. Properties like this rarely become available and, with current low inventory levels, it's sure to go fast!

About This Property

Listing IDSB19239965
Sold For$1,790,000
Price/SqFt$265.58
StatusClosed
Sold Date12/10/2019
SqFt 6,740
Acres 0.132
CountyLos Angeles
Year Built1965
Property TypeResidential Income
Property Sub TypeCommercial/Residential
County Los Angeles
Price/SqFt 265.58
Property Sub Type Commercial/Residential
Property Type Residential Income
Year Built 1965
Zoning LAR2
Average 1 Bed Area Units Square Feet
Average 2 Bed Area Units Square Feet
Average 3 Bed Area Units Square Feet
Average Studio Area Units Square Feet
Building Area Units Square Feet
Common Walls 2+ Common Walls
Cooling no
Cooling Type None
Fireplace no
Fireplace Features None
Garage Spaces 5
Heating yes
Heating Type Wall Furnace
Interior Features Living Room Balcony, Open Floorplan, Storage, Tile Counters
Laundry yes
Laundry Features Common Area, Community, In Garage, Inside
Levels Two
Room Type Living Room
Spa no
Spa Features None
Stories Total 2
Architectural Style Custom Built
Carport Spaces 1
Construction Materials Stucco
Electric Standard
Fence yes
Fencing Wood
Lot Features 6-10 Units/Acre, Front Yard, Landscaped, Level with Street, Near Public Transit, Park Nearby
Lot Size Area 5750
Lot Size Square Feet 5750
Number Of Buildings 1
Parking yes
Parking Features Carport
Parking Total 6
Pool Features None
Private Pool no
Property Attached yes
Road Frontage Type City Street
Road Surface Type Paved
Roof Composition
Sewer Public Sewer
View yes
View Type Coastline, Ocean, Park/Greenbelt, Water
Water Source Public
Waterfront Features Marina in Community
Country US
Elevation Units Feet
MLS Area Major 181 - Point Fermin
Accessibility Features None
Additional Parcels no
Association no
Co List Agent State License 01381971
Co List Office State License 01385864
Community Features Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights
Days On Market 13
List Agent State License 01897455
List Office State License 01501084
Lot Size Units Square Feet
New Construction no
Number Of Rented Garages 5
Number Of Separate Electric Meters 7
Number Of Separate Gas Meters 7
Number Of Separate Water Meters 7
Number Of Units Leased 6
Number Of Units Total 6
Parcel Number 7467028021
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Senior Community no
Utilities Natural Gas Connected
Year Built Source Public Records
Cap Rate 4.51
Gardener Expense 1000
Gross Multiplier 15.56
Gross Scheduled Income 128568
Insurance Expense 2200
Land Lease no
Laundry Equipment Own Lease Own
Laundry Income 1200
Maintenance Expense 2000
Net Operating Income 91494
New Taxes Expense 21890
Operating Expense 37074
Professional Management Expense 3000
Rent Control yes
Special Listing Conditions Standard
Tax Block 8
Tax Census Tract 2976.01
Tax Lot 21
Tenant Pays Electricity, Gas
Total Actual Rent 5814
Total Expenses 37074
Trash Expense 2484
Water Sewer Expense 4500

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Listed by: Peter Hazdovac, DRE #01897455 from Keller Williams Realty 310-519-1080
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