$ 775,000
643 W 15th Street San Pedro (los Angeles), CA 90731
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Daniel Hopkins • Lyon Stahl Investment Real Est
$ 775,000
Est. payment /mo
Pending
643 W 15th Street San Pedro (los Angeles), CA 90731
2,148 SqFt
UPDATED:
11/02/2024 01:07 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,148 sqft
Price per Sqft $360
MLS Listing ID CRPW24097243
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1917
Lot Size 5,002 Sqft
Property Description
UPDATE: One unit to become vacant at the end of August. We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint, and a newer roof, and each tenant has its own in-unit laundry. From a pricing standpoint, this property is being offered at a favorable $387,500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rent Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located – not only near the Port – but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and,
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Gas Dryer Hookup, Laundry Room, Other, Inside
Exterior
View None
Parking Type Off Street, Other
Building
Water Public
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