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$1,600,000   Price Analysis
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424 W 2nd St
San Pedro, CA 90731
Unknown bed None bath 4,923 SqFt ($325/SqFt)
5,001SqFt lot. Built 2017
Listed 2024-06-10, Taxes $12,382
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

BUILT IN 2017

* No Longer For Sale *
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THIS TURNKEY DUPLEX IS NOT SUBJECT TO RENT CONTROL!! A MASSIVE DUPLEX FEATURING TWO UNITS - ONE WITH 5 BEDROOMS, 3 BATHS AND THE OTHER WITH 4 BEDROOMS, 3 BATHS WITH 6 (SIX!) TOTAL PARKING SPACES. IN THE UP AND COMING NEIGHBORHOOD OF SAN PEDRO , STEPS AWAY FROM THE WEST HARBOR DEVELOPMENT (WWW.WESTHARBORLA.COM), A 42 ACRE WATERFRONT DISTRICT WITH AN OUTDOOR AMPHITHEATER AND UPSCALE SHOPPING, DINING, AND HOTELS. THIS PROPERTY HAS SCENIC VIEWS OF THE OCEAN. BRING ALL BUYERS AND INVESTORS!

ONE UNIT IS CURRENTLY RENTED; YOU WILL GET INSTANT INCOME PRODUCING CASH FLOW. YOU CAN LIVE OR RENT OUT THE OTHER! RENT SCHEDULE FROM APPRAISER SHOWS 10, 925 IN PRO FORMA RENT. EXPENSES ARE ESTIMATED.


Presented by Lou Wu at
LOU EDWARDS FINANCIAL INC.


Property MLS #WS24050400 from CRMLS

Open Floorplan
Quartz Counters
Recessed Lighting
Storage
Flooring: Vinyl

Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
Appliances YN: Yes
Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup

Bonus Room, Entry, Family Room, Foyer, Jack & Jill, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet

Cooling Features: Central Air
Heating Features: Central
Heating: Yes

Carport Spaces: 2
Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Carport, Paved, Garage, Garage Faces Rear
Parking Total: 6

Lot Description: Garden, Patio Home
Lot Size Acres: 0.1148072
Lot Size Source: Assessor
Lot Size Square Feet: 5001

Road Frontage Type: City Street

View: City Lights, Coastline, Harbor, Neighborhood, Ocean, Water

Number of Units: 2

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 1
Tenant Pays: Electricity, Gas

Community Features: Fishing, Watersports, Sidewalks, Street Lights, Suburban, Urban

Source Listing Status: Closed
County: Los Angeles
Cap Rate: 5.13
Source Property Type: Residential Income
Insurance Expense: 2000.00
Area: 185 - Plaza
Source Neighborhood: 185 - Plaza
New Taxes Expense: 20000.00
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 7449024016
Postal Code Plus 4: 2602
Trash Expense: 2000.00
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$696,931 + $321,660
$1,018,591
$12,382
2021$683,266 + $315,353
$998,619
$12,209
2020$676,260 + $312,120
$988,380
$12,328
2019$663,000 + $306,000
$969,000
$11,500
2018$unknown + $197,676
$197,676
$2,481
2017$unknown + $193,800
$193,800
$2,425
2016$unknown + $139,796
$139,796
$1,779
2015$unknown + $137,697
$137,697
$1,754
2014$unknown + $26,366
$26,366
$435
2013$unknown + $26,247
$26,247
$436
2012$unknown + $25,733
$25,733
$441
2010$unknown + $25,229
$25,229
$436
2009$unknown + $25,101
$25,101
$425
2009$unknown + $25,041
$25,041
$425
2008$unknown + $24,609
$24,609
$411
2007$unknown + $24,127
$24,127
$400

Sold 2024-07-25
$1,550,000
CRMLS
Listed 2024-06-10
$1,600,000
CRMLS
Sold 2023-05-09
$1,120,000
CRMLS
Listed 2023-04-01
$999,900
CRMLS
Listed 2023-04-01
$999,900
CRMLS
Listing removed 2023-03-29
$0
CRMLS
Price Changed 2023-02-28
$1,300,000
CRMLS
Listed 2022-11-07
$1,500,000
CRMLS
Listing removed 2022-06-26
$0
CRMLS
Relisted 2022-06-17
$1,200,000
CRMLS
Listing removed 2022-06-11
$0
CRMLS
Price Changed 2022-06-02
$1,200,000
CRMLS
Listed 2022-03-25
$1,400,000
CRMLS
Sold 2018-03-19
$950,000
CRMLS
Listing removed 2018-01-04
$3,500
AppfolioUnits
Price Changed for rent 2017-12-22
$3,500
AppfolioUnits
Listed for rent 2017-12-16
$3,900
AppfolioUnits
Listed 2017-12-06
$979,000
CRMLS
Listing removed 2017-02-01
$179,500
TheMLSCLAW
Sold 2016-05-18
$190,000
Public Record
Price Changed 2016-04-27
$179,500
TheMLSCLAW
Price Changed 2016-04-26
$176,549
TheMLSCLAW
Price Changed 2016-04-15
$197,499
TheMLSCLAW
Price Changed 2016-03-29
$204,900
TheMLSCLAW
Price Changed 2016-03-17
$219,900
TheMLSCLAW
Relisted 2016-02-24
$239,900
TheMLSCLAW
Listing removed 2015-12-01
$249,900
TheMLSCLAW
Price Changed 2015-11-14
$249,900
TheMLSCLAW
Listed 2015-10-30
$285,000
TheMLSCLAW
Sold 2014-01-06
$100,000
Public Record
Listing removed 2007-01-01
$297,500
ITECH
Listing removed 2003-09-16
$247,500
ITECH
Listed 2003-03-15
$297,500
ITECH
Listed 2003-03-15
$247,500
ITECH
Listing removed 2001-04-27
$119,000
ITECH
Listing removed 2000-08-24
$109,000
ITECH
Listed 2000-03-24
$119,000
ITECH
Listed 2000-03-24
$109,000
ITECH
Listing removed 2000-02-04
$79,000
ITECH
Listed 1999-08-30
$79,000
ITECH

Net Operating Income: 111600.00

Total Square Feet Living: 4923
Year Built: 2017
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 2nd street stairs
Property Age: 7
Property Condition: Turnkey
Roof: Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Duplex
Year Built Source: Public Records

Electric Expense: 500.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 5000.00
Cable Available
Electricity Available
Natural Gas Available
Phone Available
Sewer Available
Water Available
Water Source: Public

Barton Hill Elementary School is a public elementary school located approximately 0.3 miles away.
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Richard Henry Dana Middle School is a public middle school located approximately 1 miles away.
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San Pedro Senior High School is a public high school located approximately 1.1 miles away.
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Mary Star Of The Sea Elementary School is a private elementary and middle school located approximately 0.7 miles away.
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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.