$835,000 Price Analysis   ♡   San Pedro, CA 90731 4 bed 4 bath 1,596 SqFt ($523/SqFt) 4,986SqFt lot. Built 1948 Listed 2024-06-27, Taxes $5,738 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Exceptional value-add investment opportunity at 467 W 12th Street
A well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Ba th with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo.
each; 1 garage is owners. Tenants pay their own gas, electric and trash; landlord pays for the DWP Water service. One tenant is Section 8 and pays $1, 795; Other two tenants are NOT Section 8 and pay $1, 011 for 1 Bedroom and $919 for 2 Bedroom. Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportaton. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.
Presented by Olga Wright at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24127790 from CRMLS
Lot Size Acres: 0.1144628
Lot Size Source: Assessor
Lot Size Square Feet: 4986
Parking Features: Parking YN: Yes, Parking Features: Garage Faces Rear
Parking Total: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Maintenance Expense: 1650.00
Rent Control: Yes
County: Los Angeles
Cap Rate: 4.01
Source Property Type: Residential Income
Insurance Expense: 1900.00
Area: 185 - Plaza
Source Neighborhood: 185 - Plaza
New Taxes Expense: 10020.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 7456008005
Postal Code Plus 4: 4207
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $218,727 + $248,255 $466,982 | $5,738 |
| 2021 | $214,439 + $243,388 $457,827 | $5,663 |
| 2020 | $212,241 + $240,893 $453,134 | $5,718 |
| 2019 | $208,080 + $236,170 $444,250 | $5,497 |
| 2018 | $204,000 + $231,540 $435,540 | $5,423 |
| 2017 | $159,120 + $306,000 $465,120 | $5,759 |
| 2016 | $170,862 + $388,325 $559,187 | $6,851 |
| 2015 | $168,296 + $382,492 $550,788 | $6,752 |
| 2014 | $144,976 + $272,557 $417,533 | $5,269 |
| 2013 | $144,321 + $271,326 $415,647 | $5,298 |
| 2012 | $141,492 + $266,006 $407,498 | $5,368 |
| 2010 | $138,718 + $260,791 $399,509 | $5,254 |
| 2009 | $138,010 + $259,457 $397,467 | $5,066 |
| 2009 | $137,682 + $258,842 $396,524 | $5,066 |
| 2008 | $135,304 + $254,370 $389,674 | $4,851 |
| 2007 | $132,651 + $249,383 $382,034 | $4,690 |
$835,000
CRMLS
Listing removed 2020-11-17
$0
CRMLS
Listed 2020-06-19
$688,800
CRMLS
Sold 2017-03-31
$427,000
CRMLS
Price Changed 2016-07-21
$445,000
CRMLS
Listed 2016-06-15
$460,000
CRMLS
Listing removed 2014-02-27
$464,800
CRMLS
Listed 2013-12-09
$464,800
CRMLS
Sold 2001-11-01
$227,000
Public Record
Sold 1987-09-04
$210,000
Public Record
Sold 1984-12-14
$136,000
Public Record
Year Built: 1948
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 2
Property Age: 76
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Triplex
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.