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Listing 14 out of 155
Sold for $1,062,000 Sold

358 W 17th Street
San Pedro, CA 90731

4 units | Multi Family Home
5994 sq ft lot - MLS# PV19054612
Property Photo

Sold

Sold for $1,062,000 on Apr 24, 2019

Description

The property presents an outstanding investment opportunity with a projected rental upside of 22% +/- ! This is a great find for both new and seasoned apartment investors, and provides a great way to step into the hot San Pedro market, or to add on to an existing rental portfolio. This large, 4,547 square foot building features spacious and well laid out units, with a mix of 1 Three Bed/2 Bath unit and 3 Two Bed/ One Bath units. The property is situated on a 5,996 square foot lot and provides one garage space per unit, which are not subject to any City of Los Angeles soft-story retrofit requirements. Units are separately metered for gas and electricity, and the building also provides an on-site laundry room for tenant convenience. Each unit has their own water heater, of which, three are located in the laundry room for easy access. There is also a community patio on the top floor where tenants can relax and enjoy the sun or sea breeze! With so much recent development taking place in San Pedro, the local area is undergoing a complete transformation. Walking distance to the highly-anticipated Waterfront Redevelopment, which will change the harbor for years to come! Also nearby is downtown San Pedro, which features a unique mix of shops, restaurants, art galleries, theaters, and more. Year after year, an influx of new shops and attractions continues to enhance the San Pedro landscape, which any prospective owner – or tenant – of 358 West 17th is sure to appreciate.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,050,000
  • Zip Code: 90731
  • Year Built: 1946
  • Stories: Two
  • Units: 4 units
  • # of Parking Spaces: 4.00
  • Lot Size: 5994 sq ft lot
  • Zoning: LAR2
  • Area: 185 - Plaza
  • Average 2 Bed Area: 1100
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area: 1247
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4547.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 01346713
  • Co-Listing Office License: 01368364
  • Community Features: Sidewalks, Street Lights
  • Country: US
  • Directions: Pacific to 17th.
  • Electric Expense: 6014.00
  • Garage Spaces: 4.00
  • Gardener Expense: 1490.00
  • Gross Income: 1.00
  • Gross Scheduled Income: 81060.00
  • Insurance Expense: 1929.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Features: Community, See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01863340
  • Listing Office License: 00625769
  • Lot Features: Front Yard
  • Lot Size Area: 5996.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 6289.00
  • Net Operating Income: 47673.00
  • New Taxes Expense: 12527.00
  • Number Of Buildings: 1
  • 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: 31361.00
  • Rent Control YN: Yes
  • Selling Agent: Anthony Walker
  • Selling Agent License: 01908153
  • Selling Office: Buckingham Investments, Inc
  • Selling Office License: 01914434
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Actual Rent: 6755.00
  • Total Expenses: 31361.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 1062000.00
  • Sold Date: 2019-04-24
Courtesy of Compass, Anthony Accardo

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Krystyna Ryan
Ryan Team

Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: krystynarealestate@gmail.com
BRE # 01485187

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Krystyna Ryan | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: krystynarealestate@gmal.com
BRE # 01485187