866 868 W 25th Street, San Pedro, CA 90731

$856,000
Sold Price
$856,000
List Price
$849,000
Closing Date
Apr 08, 2022
Status
CLOSED
MLS#
SB22010458
Year Built
1983
Lot Size
5,000
Acres
0.1148
Lot Location
Rectangular Lot
Days on Market
0
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
Two Levels

Property Description

This well maintained Duplex is a 2 story building and consists of two very large 3 bedroom 2 bath apartment units with one above the other. Originally built in 1949 as a single family residence, the property was rebuilt in 1983 into its present configuration with permits. The units are over 1300 square feet each and both units are rented to long term tenants. The lower unit has its own enclosed yard and there is a two car garage included with the lower unit. A new roof was installed a little over 2 years ago, each unit has its own water heater, copper plumbing and the tenants pay for gas and electric utilities. Rents are below market with upside in income upon unit turnover. This is an excellent opportunity for the astute investor or potential owner-user. This property is in an excellent South San Pedro Location, West of Gaffey, and very close to many activities: hiking, swimming, biking, sailing, and picnicking in nearby parks such as Angeles Gate Park and Pt. Fermin Park and Lighthouse. It is also a short bike ride to Cabrillo Beach, Cabrillo Marina and the multimillion dollar LA Waterfront Development (See link) https://www.lawaterfront.org/.

Additional Information

Pool Description
None
View
None
Exterior Construction
Plaster, Stucco
Roof
Composition, Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$39,324
Operating Expense
17868

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Stephen Lampe from Listing Office: Re/Max Commercial & Investment

Listing sold by George Bustamante from Coldwell Banker Commercial

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.