685 W 23rd Street , #2

    San Pedro, CA 90731
    • $1,600,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: SB19210029
    UPDATED: 25 min ago
    $1,600,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,234
      SQFT
    • $495
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    For 1031 exchange buyers seeking a quality investment with no deferred maintenance attracting quality tenants, this San Pedro 4 Unit offers superior value. Rents are Pro-forma as owner occupies two of units which can be brought to market immediately. The property is high on the hill and all units have unobstructed views of the harbor, the terminal island bridge, and along the coast. Units offer privacy and extensive upgrades. Owner managed and cared for this property features extensive upgrades: The roof was replaced in 2006, rain gutters have been installed and the building has been repainted 2x. The plumbing is all copper. There are 4 garages, 2 in the rear with quiet operating garage door openers, 2 in front are manual. The alley provides easy access. All windows and sliding doors have been replaced with double pane energy efficient windows. There is a lower level storage area for storage of supplies, materials etc. Inside, the units have crown molding, premium ceiling fans, Pergo type flooring everywhere except kitchen and bathrooms which are tiles. Kitchen features upgraded Bosch dishwashers, top quality stoves, refrigerators, disposers and vent hoods. Kitchens and bathrooms have been fully updated, deep tubs, upgraded vanities, tile countertops and backsplashes. The stoves and heaters are natural gas. Each unit has own water heater. Single water meter, separate electrical. Tours with accepted offers. Property subject to LA RSO.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T19:45:58.153. 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/98599640

    685 W 23rd Street , #2 San Pedro, CA 90731

    • Price: $1,600,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: SB19210029
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,234
    SQFT
    $495
    $/SQFT
    1964
    Built
    Neighborhood:
    181 - Point Fermin
    County:
    Los Angeles
    Area:
    181 - Point Fermin
    Property Description
    For 1031 exchange buyers seeking a quality investment with no deferred maintenance attracting quality tenants, this San Pedro 4 Unit offers superior value. Rents are Pro-forma as owner occupies two of units which can be brought to market immediately. The property is high on the hill and all units have unobstructed views of the harbor, the terminal island bridge, and along the coast. Units offer privacy and extensive upgrades. Owner managed and cared for this property features extensive upgrades: The roof was replaced in 2006, rain gutters have been installed and the building has been repainted 2x. The plumbing is all copper. There are 4 garages, 2 in the rear with quiet operating garage door openers, 2 in front are manual. The alley provides easy access. All windows and sliding doors have been replaced with double pane energy efficient windows. There is a lower level storage area for storage of supplies, materials etc. Inside, the units have crown molding, premium ceiling fans, Pergo type flooring everywhere except kitchen and bathrooms which are tiles. Kitchen features upgraded Bosch dishwashers, top quality stoves, refrigerators, disposers and vent hoods. Kitchens and bathrooms have been fully updated, deep tubs, upgraded vanities, tile countertops and backsplashes. The stoves and heaters are natural gas. Each unit has own water heater. Single water meter, separate electrical. Tours with accepted offers. Property subject to LA RSO.
    Exterior Features

    Garage Spaces 4.00 Lot Features 2-5 Units/Acre 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 WallsNo One AboveNo One Below Laundry Features Dryer IncludedElectric Dryer HookupGas Dryer HookupInsideStackableWasher HookupWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Street Lights Country Us Elevation Units Feet Gardener Expense 1600.00 Gross Income 108000.00 Gross Operating Income 104760.00 Gross Scheduled Income 108000.00 Insurance Expense 1768.00 Land Lease YN No Laundry YN Yes Net Operating Income 72830.00 New Construction YN No New Taxes Expense 19200.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number With Dishwasher 4 Number With Disposal 4 Number With Patio 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 31930.00 Operating Expense Percent 30.00 Other Expense 4502.00 Other Expense Description Plumbing Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 1267.00 Total Actual Rent 59400.00 Total Expenses 30874.00 Trash Expense 0.00 Vacancy Allowance 3240 Vacancy Allowance Rate 3.00 Water Sewer Expense 2537.00 Water Source Public Year Built Source Public Records Zoning Lard1.5

    Listing provided courtesy of Arnold Ng of Apex Commercial Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T19:45:58.153. 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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