Closed
$1,650,000
Sold For
6,264
SqFt
6,264
SqFt

565 W 15th Street

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.

About This Property

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