$1,450,000 Price Analysis   ♡   San Pedro, CA 90731 8 bed 7 bath 4,886 SqFt ($296/SqFt) 5,001SqFt lot. Built 1972 Listed 2024-04-18, Taxes $12,562 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This Spanish 4 plex in the prime San Pedro Point Fermin neighborhood boasts 4
886 sq.ft. with ocean and harbor views! This is an ideal opportunity for any owner/user looking to invest in LA Countys up and coming coastal neighborhoods. From the newest San Pedro Waterfront Park development to bespoke eateries like Colossus and Tranis Dockside, San Pedro is positioned to become one of LAs hottest coastal cities. The 4 plex boasts a favorable unit mix featuring (1) 3Bed+2Bath, (2) 2Bed+2Bath and (1) 1Bed+1Bath units, all of which have sizeable floorplans.
The spacious owners unit (3 Bedroom) has an enclosed terrace and arched walkways. There are three separate tandem garages (for a total of 6 spaces) and one exterior space. The front exterior space boasts 2 citrus fruit bearing trees. There is over 73% upside available in monthly rental income. Once all units are renovated and rented for market, the property will operate at a 7.1% CAP. The property is separately metered for gas and electric and each unit has washer and dryer hookups.
Presented by Olga Wright at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24075059 from CRMLS
Lot Size Acres: 0.1148072
Lot Size Source: Assessor
Lot Size Square Feet: 5001
Parking Total: 6
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Gardener Expense: 1200.00
Maintenance Expense: 2400.00
Tenant Pays: Electricity, Gas, Trash Collection
Vacancy Allowance: 2436
Rent Control: Yes
County: Los Angeles
Cap Rate: 3.30
Source Property Type: Residential Income
Insurance Expense: 4886.00
Area: 181 - Point Fermin
Source Neighborhood: 181 - Point Fermin
New Taxes Expense: 17255.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 7465028003
Postal Code Plus 4: 6647
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $306,114 + $721,971 $1,028,085 | $12,562 |
| 2021 | $300,112 + $707,815 $1,007,927 | $12,388 |
| 2020 | $297,035 + $700,558 $997,593 | $12,508 |
| 2019 | $291,211 + $686,822 $978,033 | $12,021 |
| 2018 | $285,501 + $673,355 $958,856 | $11,898 |
| 2017 | $279,903 + $660,152 $940,055 | $11,641 |
| 2016 | $274,415 + $647,208 $921,623 | $11,337 |
| 2015 | $270,294 + $637,487 $907,781 | $11,173 |
| 2014 | $162,425 + $68,225 $230,650 | $3,193 |
| 2013 | $161,691 + $67,917 $229,608 | $3,193 |
| 2012 | $158,521 + $66,586 $225,107 | $3,237 |
| 2010 | $155,413 + $65,281 $220,694 | $3,195 |
| 2009 | $154,619 + $64,948 $219,567 | $3,080 |
| 2009 | $154,252 + $64,794 $219,046 | $3,080 |
| 2008 | $151,588 + $63,675 $215,263 | $2,962 |
| 2007 | $148,616 + $62,427 $211,043 | $2,845 |
$1,450,000
CRMLS
Listed 2024-04-18
$1,550,000
CRMLS
Listing removed 2020-08-02
$0
CRMLS
Relisted 2020-05-12
$1,350,000
CRMLS
Listing removed 2020-05-05
$0
CRMLS
Relisted 2020-04-24
$1,350,000
CRMLS
Listing removed 2020-04-23
$0
CRMLS
Price Changed 2020-04-05
$1,350,000
CRMLS
Listed 2020-02-06
$1,299,000
CRMLS
Listing removed 2014-07-03
$959,000
CRMLS
Sold 2014-06-16
$890,000
Public Record
Price Changed 2014-05-07
$959,000
CRMLS
Listed 2014-03-01
$999,000
CRMLS
Sold 1976-06-17
$120,000
Public Record
Year Built: 1972
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 52
Property Attached: Yes
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor
Water Source: Public
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The 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.