730 W 5TH Street

    San Pedro, CA 90731
    • $1,149,000
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: 19463312
    UPDATED: 69 min ago
    $1,149,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,194
      SQFT
    • $274
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Opportunity Zone investment opportunity!This 4 unit property affords an investor immediate income with upside, as well. The property was originally built in the 20's but was "taken down to the studs" and rebuilt in 1980 (Buyer to verify). The building is fully-secured with controlled access through the front gate. The units are large and the hilltop location means the tenants enjoy Harbor views! The building was tented recently and section 1 termite clearance work was completed. Additionally, the units have washer/dryer hookups.Also, the property's rental income is largely guaranteed every month. All units are Section 8, which means the income comes early every month without fail. Even better, all units are eligible for an increase - the allowable "city of LA" increase for 2019-2020 is 4%.

    Monthly Payment Calculator



    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/94555941

    730 W 5TH Street San Pedro, CA 90731

    • Price: $1,149,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 19463312
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,194
    SQFT
    $274
    $/SQFT
    1920
    Built
    Neighborhood:
    187 - Holy Trinity
    County:
    Los Angeles
    Area:
    187 - Holy Trinity
    Property Description
    Opportunity Zone investment opportunity!This 4 unit property affords an investor immediate income with upside, as well. The property was originally built in the 20's but was "taken down to the studs" and rebuilt in 1980 (Buyer to verify). The building is fully-secured with controlled access through the front gate. The units are large and the hilltop location means the tenants enjoy Harbor views! The building was tented recently and section 1 termite clearance work was completed. Additionally, the units have washer/dryer hookups.Also, the property's rental income is largely guaranteed every month. All units are Section 8, which means the income comes early every month without fail. Even better, all units are eligible for an increase - the allowable "city of LA" increase for 2019-2020 is 4%.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Cap Rate 3.89 Electric Expense 3840.00 Gross Multiplier 17.22 Gross Operating Income 91200.00 Insurance Expense 1468.00 Maintenance Expense 2110.00 Net Operating Income 48644.00 Operating Expense 1200.00 Special Listing Conditions Standard Sprinklers YN No Total Expenses 21708.00 Zoning Lard1.5

    Listing provided courtesy of Brice Head of Marcus & Millichap


    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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    Irvine CA, 92606