382 W 12th Street

    San Pedro, CA 90731
    • $929,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: PW19205463
    UPDATED: 96 min ago
    $929,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,554
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Excellent property, well maintained and managed. Property consists of 5U, three buildings. First building is a 2x1 house with front porch and backyard. Second building is a duplex with 2-2x1 units, each unit has a front enclosed patio. Third building is a duplex with two singles and each has a front enclosed patio. All units have private front and back door entries. Property has secure fencing and entry gates. Two units received 4% rent increases in August. Remaining three units due for 4% increases in Dec 2019 and Feb 2020. This is a low maintenance property with tenants paying their own gas, electricity and trash. All units have bolted foundations. Property is near Ports O' Call, downtown San Pedro and City Hall. There is easy access to freeway, Long Beach Convention Center, Pine St. restaurants, waterfront restaurants and Long Beach entertainment district, via St. Vincent Thomas Bridge. Note as of July 1, 2019 allowable annual rent increases will be 4%.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T00:45:44.837. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/98397354

    382 W 12th Street San Pedro, CA 90731

    • Price: $929,000
    • Status: Active
    • Updated: 96 min ago
    • ID#: PW19205463
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,554
    SQFT
    $364
    $/SQFT
    1924
    Built
    Neighborhood:
    193 - San Pedro - North
    County:
    Los Angeles
    Area:
    193 - San Pedro - North
    Property Description
    Excellent property, well maintained and managed. Property consists of 5U, three buildings. First building is a 2x1 house with front porch and backyard. Second building is a duplex with 2-2x1 units, each unit has a front enclosed patio. Third building is a duplex with two singles and each has a front enclosed patio. All units have private front and back door entries. Property has secure fencing and entry gates. Two units received 4% rent increases in August. Remaining three units due for 4% increases in Dec 2019 and Feb 2020. This is a low maintenance property with tenants paying their own gas, electricity and trash. All units have bolted foundations. Property is near Ports O' Call, downtown San Pedro and City Hall. There is easy access to freeway, Long Beach Convention Center, Pine St. restaurants, waterfront restaurants and Long Beach entertainment district, via St. Vincent Thomas Bridge. Note as of July 1, 2019 allowable annual rent increases will be 4%.
    Exterior Features

    Fence YN Yes Fencing BlockSecurityWrought Iron Garage Spaces 0.00 Lot Features 0-1 Unit/AcreBack YardLandscapedLevel With StreetRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition

    Interior Features

    Appliances Gas OvenGas RangeGas CooktopGas Water HeaterRecirculated Exhaust FanWater Purifier Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminate Interior Features Ceiling Fan(S)Unfurnished Laundry Features Gas Dryer HookupWasher Hookup Levels One Room Type All Bedrooms DownKitchenLaundry

    Property Features

    Accessibility Features None Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Elevation Units Feet Gardener Expense 660.00 Gross Income 70344.00 Gross Operating Income 70344.00 Gross Scheduled Income 70344.00 Insurance Expense 1850.00 Land Lease YN No Laundry YN Yes Net Operating Income 49376.00 New Construction YN No New Taxes Expense 9290.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Number Wall AC 5 Number With Dishwasher 0 Number With Disposal 5 Number With Patio 5 Number With Range 5 Number With Refrigerator 2 Operating Expense 18858.00 Operating Expense Percent 30.00 Pest Control Expense 660.00 Professional Management Expense 4221.00 Rent Control YN Yes Security Features Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5862.00 Total Expenses 18858.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 2110 Vacancy Allowance Rate 3.00 Water Sewer Expense 2177.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Lou Meza of Realty Executives Cornerstone


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T00:45:44.837. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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