$1,790,000
$1,798,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
721 W 39th ST San Pedro, CA 90731
6,102 Sqft Lot
Key Details
Sold Price $1,790,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22070363
Sold Date 06/16/22
HOA Y/N No
Year Built 1964
Lot Size 6,102 Sqft
Property Description
Well maintained 5 unit building located just two blocks from the ocean in the prime Point Fermin area of San Pedro. Nearby attractions include Point Fermin Park, Cabrillo Marine Aquarium, and The Korean Friendship Bell. Excellent unit mix consisting of two large 3 Bd/2 Ba units and three large 2 Bd/1 Ba units, with a total of 5,284 rentable sq. ft. The property boasts exceptional rent upside of approximately 38% over the current rents. A new owner can take advantage of the unit to be delivered vacant and reposition the property to achieve approximately a 6% cap and 12 GRM on the market rents. The current owner recently spent a substantial amount of money to complete the seismic soft story retrofit work.
Location
State CA
County Los Angeles
Area 181 - Point Fermin
Zoning LAR2
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Biking, Hiking, Park, Suburban
View Y/N Yes
View Bay, Coastline, Ocean
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7467021002
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
Lease Land No
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Bought with Connor Vartanian Keller Williams Beach Cities