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For more information on this property, contact Mike Harper at 310-850-9951 or mike@hhcoastal.com

565 W 15th Street
San Pedro, California CA 90731-4786
Sold For: $1,650,000
Listing ID SB21226498
Status Closed
SqFt 6,264
Year Built 1917

Property Description:

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.

Primary Features

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

Interior

Building Area Units: Square Feet
Condo Area Units: Square Feet
Cooling Type: None
Cooling: no
Laundry Features: Common Area
Stories Total: 1

External

Construction Materials: Stucco
Lot Size Source: Assessor
Minimum Total Area Units: Square Feet
Number Of Buildings: 5
Water Source: Public

Location

Country: US
MLS Area Major: 185 - Plaza

Additional

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

Financial

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

Zoning Info


Area Info


© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to HH Coastal Real Estate or one of their associates. Last updated Thursday, June 8th, 2023.

Based on information from CARETS as of Thursday, June 8th, 2023 05:36:53 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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