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Key Details
Sold Price $1,325,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,870 sqft
Price per Sqft $272
MLS Listing ID SB24170494
Sold Date 09/27/24
HOA Y/N No
Year Built 1969
Lot Size 6,080 Sqft
Property Description
An amazing 5-unit, multi-family property in San Pedro. The units all have 2 bedrooms and 1 bath, and they are large at 974 square feet. The complex also features 4 single parking garages, and 2 surface parking spaces. All units have large private balconies and tenants pay for electricity and gas as they are separately metered and have their own hot water heaters.. The cap rate at full occupancy is 6.0%! Two units are currently rented. Two units have been fully remodeled and are ready to rent at market. The remaining three units have 60% upside rent potential.
Located in the quiet Vista Del Oro neighborhood in San Pedro, East of Gaffey Street. This is a great buy for a long term investor. Take this opportunity to grab a solid asset at a great price.
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Interior Features Balcony, Ceiling Fan(s), Ceramic Counters, Recessed Lighting, Unfurnished
Laundry Location Common Area,Laundry Room
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Exterior Feature Rain Gutters
Garage Assigned, Concrete, Driveway Level, Driveway, Garage, Garage Door Opener, On Site, Garage Faces Side
Garage Spaces 4.0
Garage Description 4.0
Fence None
Pool None
Community Features Gutter(s), Sidewalks, Urban
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available
View Y/N Yes
View Harbor, Ocean, Peek-A-Boo
Roof Type Composition,Shingle
Parking Type Assigned, Concrete, Driveway Level, Driveway, Garage, Garage Door Opener, On Site, Garage Faces Side
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7458017019
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Fred DiBernardo • Fred DiBernardo
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