San Pedro,
California CA90731-4786
What an investment opportunity! Here is your chance to buy a 9 unit income property in the heart of San Pedro. Four-two unit buildings plus a two story 2 bedroom home. 8 of the units are 1 bedroom units with family rooms. Nice center courtyard in middle of property allowing for yard space on a HUGE double lot (approx. 13,500 sf). Rents are solid but also opportunity for upside. All units are rented and no units will be provided vacant at close of escrow. Just minutes from DTSP, Cabrillo Marina, and the new LA Waterfront Development.
Listing IDSB21226498
Sold For$1,650,000$225K
Price/SqFt$263.41
StatusClosed
Sold Date3/10/2022
SqFt
6,264
CountyLos Angeles
Year Built1917
Property TypeCommercial Sale
Property Sub TypeMulti Family
County
Los Angeles
Price Before Reduction
1875000
Price Reduction Date
2021-12-13T19:10:20+00:00
Price/SqFt
263.41
Property Sub Type
Multi Family
Property Type
Commercial Sale
Year Built
1917
Building Area Units
Square Feet
Condo Area Units
Square Feet
Cooling Type
None
Cooling
no
Laundry Features
Common Area
Stories Total
1
Construction Materials
Stucco
Lot Size Source
Assessor
Minimum Total Area Units
Square Feet
Number Of Buildings
5
Water Source
Public
Country
US
MLS Area Major
185 - Plaza
Additional Parcels
no
Asset Class
Multi-Family
Building Status
Existing
Days On Market
72
Land Use
Multi-Family
List Agent State License
01897455
List Office State License
01501084
Max Total Area Units
Square Feet
Number Of Units Leased
9
Number Of Units Total
9
Parcel Number
7454032005
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Year Built Source
Assessor
Cap Rate
6.2
Gross Scheduled Income
126672
Insurance Expense
3634
Laundry Equipment Own Lease
Own
Laundry Income
3600
Net Operating Income
114076
Operating Expense
12596
Other Expense
600
Special Listing Conditions
Standard
Total Expenses
12596
Water Sewer Expense
6000
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#IDX-primaryPhoto,#idx-details-header,#IDX-listingMediaLinksListed by: Peter Hazdovac, DRE #01897455 from Keller Williams Realty 310-519-1080