462 W 1st Street

    San Pedro, CA 90731
    • $629,000
    • STATUS: Active Under Contract
    • ON SITE: 86 days
    • ID#: SB19142939
    Under Contract
    UPDATED: 46 min ago
    $629,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,280
      SQFT
    • $276
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Great investment opportunity in the last affordable beach town in Los Angeles. Just a stones throw from the water enjoy a flourishing waterfront, teeming tide pools, beautiful parks, stellar seafood, windsurfing, diversity, a charming downtown, the grand suspension bridge, and cultural institutions. After winning +G+Best Neighborhood+G- by Curbed LA in 2017, the Daily Breeze noted +G+San Pedro is an extraordinary place to visit and call home.+G+ San Pedro is definitely an up and coming city that is soon to break ground on a brand new waterfront project that includes a public market, open air amphitheater and lots of unique dining options. Here is an opportunity to own a property with great upside potential that is good for long term holds and offers the chance to be a part of a transitioning community. This property has 4 1 bed/ 1 bath units with all new ceiling fans, some upgraded electrical, fresh landscaping and exterior paint. 4 uncovered parking spaces are available for tenants. Scheduled gross income is $42,240 annually.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T10:40:00.703. 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/96244478

    462 W 1st Street San Pedro, CA 90731

    • Price: $629,000
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: SB19142939
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,280
    SQFT
    $276
    $/SQFT
    1955
    Built
    Neighborhood:
    193 - San Pedro - North
    County:
    Los Angeles
    Area:
    193 - San Pedro - North
    Property Description
    Great investment opportunity in the last affordable beach town in Los Angeles. Just a stones throw from the water enjoy a flourishing waterfront, teeming tide pools, beautiful parks, stellar seafood, windsurfing, diversity, a charming downtown, the grand suspension bridge, and cultural institutions. After winning +G+Best Neighborhood+G- by Curbed LA in 2017, the Daily Breeze noted +G+San Pedro is an extraordinary place to visit and call home.+G+ San Pedro is definitely an up and coming city that is soon to break ground on a brand new waterfront project that includes a public market, open air amphitheater and lots of unique dining options. Here is an opportunity to own a property with great upside potential that is good for long term holds and offers the chance to be a part of a transitioning community. This property has 4 1 bed/ 1 bath units with all new ceiling fans, some upgraded electrical, fresh landscaping and exterior paint. 4 uncovered parking spaces are available for tenants. Scheduled gross income is $42,240 annually.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/AcreLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    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 2+ Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.00 Community Features CurbsStreet LightsSuburban Country Us Elevation Units Feet Gross Income 42240.00 Gross Multiplier 14.89 Gross Operating Income 41818.00 Gross Scheduled Income 42240.00 Insurance Expense 600.00 Land Lease YN No Laundry YN No Net Operating Income 31686.00 New Construction YN No New Taxes Expense 8331.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 10131.00 Present Loans 400000 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 3520.00 Total Expenses 10131.00 Trash Expense 0.00 Vacancy Allowance 422 Vacancy Allowance Rate 1.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Edward Kaminsky of Strand Hill Christies International Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T10:40:00.703. 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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