$1,089,000
$1,089,000
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464 W 17th ST W San Pedro, CA 90731
4,996 Sqft Lot
Key Details
Sold Price $1,089,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22072636
Sold Date 06/22/22
HOA Y/N No
Year Built 1965
Lot Size 4,996 Sqft
Property Description
Well-maintained 4plex located at 464 W 17th St, San Pedro. The subject property is currently operating at a 4.16% Cap Rate and 16.06 GRM, with the opportunity to raise rents by 30%. Property is ideal for any owner/user or investor looking to capitalize on a prime asset in a rapidly appreciating
neighborhood.
The subject property consists of four (4) 2Bed+1Bath units, which all feature Washer/Dryer Hookups and a 1 car garage. Tenants pay gas and electric; Owner only pays LADWP bill. Property is SUBJECT TO LA CITY RENT CONTROL. All tenants are current on rent and have been paying through pandemic. There is a potential to convert garages to ADU unit(s) for additional income.
Property is centrally located just minutes away from Downtown San Pedro and New Waterfront Development
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LAR2
Interior
Fireplace No
Laundry Inside
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level, Rectangular Lot, Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7456023017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Bought with Olga Wright Lyon Stahl Investment Real Estate, Inc.