$1,100,000 Price Analysis   ♡   San Pedro, CA 90731 Unknown bed None bath 3,516 SqFt ($312/SqFt) 5,000SqFt lot. Built 1970 Listed 2024-02-16, Taxes $11,316 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Rare Investment Opportunity in growing San Pedro.
* No Longer For Sale *
Your browser will attempt to redirect you to the city level in a few seconds.
Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms nd 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has tremendous potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area. Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment.
Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront and Amphitheater Development and a growing music and brewery scene are some of the reasons to explore more . This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand. Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase f or existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.
Presented by Ante Perkov at
Capwest Real Estate.
Property MLS #SB24033109 from CRMLS
Lot Size Acres: 0.1147842
Lot Size Source: Assessor
Lot Size Square Feet: 5000
Parking Total: 6
Rent Control: Yes
County: Los Angeles
Other Expense: 2133.00
Source Property Type: Residential Income
Insurance Expense: 3000.00
Area: 185 - Plaza
Source Neighborhood: 185 - Plaza
New Taxes Expense: 15000.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Parcel Number: 7462005026
Postal Code Plus 4: 5468
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $275,832 + $656,753 $932,585 | $11,316 |
| 2021 | $270,424 + $643,876 $914,300 | $11,165 |
| 2020 | $267,652 + $637,274 $904,926 | $11,275 |
| 2019 | $262,404 + $624,779 $887,183 | $10,833 |
| 2018 | $257,259 + $612,529 $869,788 | $10,727 |
| 2017 | $252,215 + $600,519 $852,734 | $10,494 |
| 2016 | $247,270 + $588,745 $836,015 | $10,232 |
| 2015 | $243,556 + $579,902 $823,458 | $10,083 |
| 2014 | $238,786 + $568,543 $807,329 | $10,129 |
| 2013 | $237,707 + $565,974 $803,681 | $10,129 |
| 2012 | $233,047 + $554,877 $787,924 | $10,266 |
| 2010 | $228,478 + $543,998 $772,476 | $10,049 |
| 2009 | $227,310 + $541,216 $768,526 | $9,660 |
| 2009 | $226,771 + $539,933 $766,704 | $9,660 |
| 2008 | $222,853 + $530,604 $753,457 | $9,245 |
| 2007 | $218,484 + $520,200 $738,684 | $8,932 |
$1,000,000
CRMLS
Price Changed 2024-04-16
$1,100,000
CRMLS
Price Changed 2024-03-19
$1,149,000
CRMLS
Listed 2024-02-16
$1,199,000
CRMLS
Sold 2005-04-29
$710,000
Public Record
Sold 1988-12-23
$430,000
Public Record
Sold 1988-02-22
$399,000
Public Record
Sold 1987-04-27
$158,000
Public Record
Sold 1985-07-19
$96,500
Public Record
Year Built: 1970
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 54
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 2
Structure Type: Triplex
Sewer: Sewer: Public Sewer, Water Sewer Expense: 6000.00
Water Source: Public
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.