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$1,270,000   Price Analysis
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1206 N Park Western Dr
San Pedro, CA 90732
9 bed 5 bath 4,132 SqFt ($307/SqFt)
8,103SqFt lot. Built 1964
Listed 2024-04-23, Taxes $4,592
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Introducing a lucrative income property featuring four big units

All currently occupied. This well-maintained property comprises one 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, each upgraded with modern amenities including copper plumbing, tiled floors, washer and dryer hookups, marble countertops nd ceramic tile. The exterior of the building has been recently painted and the roof is less than 7 years old.

Each unit offers the convenience of multiple carport parking spaces, ensuring ease for residents. This fantastic property is currently operating at a 5.5% CAP Rate. Nestled in a prime location near restaurants, parks, stores and the mar ina, this property offers a desirable living experience with great views of the harbor enjoyed from the rear apartments.


Presented by Tamas Batyi at
COMPASS.
Listing Agent Photo

Property MLS #SB24079961 from CRMLS

Bedrooms: 9

Copper Plumbing Full
Tile Counters
Unfurnished
Flooring: Carpet, Tile

Appliances: Built-In Range, Dishwasher, Gas Range, Water Heater
Appliances YN: Yes
Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup

Kitchen, Laundry, Living Room

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Full Bathrooms: 5

Fencing: Fence YN: Yes, Fencing: Block, Excellent Condition, Masonry

Carport Spaces: 8
Garage Spaces: 8
Parking Features: Parking YN: Yes, Parking Features: Carport, Attached Carport, Driveway, Off Street
Parking Total: 8

Lot Description: Level with Street, Park Nearby
Lot Size Acres: 0.1860193
Lot Size Source: Assessor
Lot Size Square Feet: 8103

View: Marina, Vincent Thomas Bridge

Number of Units: 4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 2

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4
Rent Control: Yes

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.60
Source Property Type: Residential Income
Insurance Expense: 1200.00
Area: 193 - San Pedro - North
Source Neighborhood: 193 - San Pedro - North
New Taxes Expense: 14000.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 7445013053
Postal Code Plus 4: 2220
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$203,119 + $135,410
$338,529
$4,592
2021$199,137 + $132,755
$331,892
$4,516
2020$197,096 + $131,394
$328,490
$4,552
2019$193,232 + $128,818
$322,050
$4,391
2018$189,444 + $126,293
$315,737
$4,270
2017$185,730 + $123,817
$309,547
$4,183
2016$182,089 + $121,390
$303,479
$4,045
2015$179,354 + $119,567
$298,921
$3,992
2014$175,841 + $117,225
$293,066
$4,031
2013$175,047 + $116,696
$291,743
$4,031
2012$171,615 + $114,408
$286,023
$4,084
2010$168,250 + $112,165
$280,415
$4,021
2009$167,390 + $111,592
$278,982
$3,880
2009$166,993 + $111,327
$278,320
$3,880
2008$164,108 + $109,404
$273,512
$3,730
2007$160,891 + $107,259
$268,150
$3,596

Listed 2024-04-23
$1,270,000
CRMLS
Listing removed 2024-04-04
$0
CRMLS
Listed 2024-02-02
$1,273,000
CRMLS
Sold 1997-12-31
$225,000
Public Record
Sold 1996-07-31
$197,000
Public Record
Sold 1990-03-13
$315,000
Public Record
Sold 1986-12-12
$250,000
Public Record

Net Operating Income: 70968.00

Total Square Feet Living: 4132
Year Built: 1964
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 60
Property Attached: Yes
Roof: Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 4000.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Park Western Place Elementary School is a public elementary school located approximately 0.3 miles away.
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Rudecinda Sepulveda Dodson Middle School is a public middle school located approximately 1.2 miles away.
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San Pedro Senior High School is a public high school located approximately 1.7 miles away.
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Christ Lutheran Church And 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.