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$1,295,000   Price Analysis
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623 W 22nd St
San Pedro, CA 90731
10 bed 5 bath 4,216 SqFt ($307/SqFt)
4,986SqFt lot. Built 1962
Listed 2024-05-01, Taxes $2,871
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

FANTASTIC INVESTMENT OPPORTUNITY THREE BLOCKS FROM THE SAN PEDRO WATERFRONT

* Has Contingent Offer *

MARINAS , AND CABRILLO BEACH. THIS BUILDING HAS BE EN WELL CARED FOR BY ITS LONG TERM OWNERS. UNIT #3 (SEE PHOTOS) HAS BEEN RECENTLY REMODELED WITH BRAND PRISTINE KITCHEN CABINETS, COUNTER TOPS, UPDATED BATHROOM AND LAMINATE FLOORING.

ALL UNITS HAVE INTERIOR LAUNDRY., SOFT STORY RETROFIT HAS BEEN COMPLETED. THE OWNER IS CURRENTLY USING ONE GARAGE AND IT CAN BE RENTED SEPARATLY WHEN VACATED. THERE IS A SEPARATE STORAGE ROOM ALSO.


Presented by Gordon Teuber at
Re/Max Estate Properties.
Listing Agent Photo

Property MLS #PV24086608 from CRMLS

Bedrooms: 10

Block Walls
Copper Plumbing Partial
Flooring: Laminate, Wood

Appliances: Electric Oven, Gas Range
Appliances YN: Yes
Laundry Features: In Kitchen, Inside

Kitchen

Full Bathrooms: 5

Heating Features: Wall Furnace
Heating: Yes

Marina in Community
Ocean Access

Fencing: Fence YN: Yes, Fencing: Block
Other Structures: Storage
Road Frontage Type: City Street

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1144628
Lot Size Source: Assessor
Lot Size Square Feet: 4986

Garage Spaces: 5
Parking Features: Parking YN: Yes, Parking Features: Assigned, Garage, Garage Faces Rear, Garage Faces Side
Parking Total: 5

Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1

Gardener Expense: 1200.00

Number of Units Leased: 5
Tenant Pays: Cable TV, Electricity, Gas
Vacancy Allowance: 2940
Rent Control: Yes

Community Features: Biking, Curbs, Gutters, Watersports, Sidewalks, Suburban

Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 5.12
Source Property Type: Residential Income
Insurance Expense: 2400.00
Area: 185 - Plaza
Source Neighborhood: 185 - Plaza
New Taxes Expense: 16800.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 7465001011
Postal Code Plus 4: 5953
Trash Expense: 1200.00
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$136,518 + $29,541
$166,059
$2,871
2021$133,842 + $28,962
$162,804
$2,817
2020$132,470 + $28,666
$161,136
$2,832
2019$129,873 + $28,104
$157,977
$2,754
2018$127,327 + $27,553
$154,880
$2,647
2017$124,831 + $27,013
$151,844
$2,558
2016$122,384 + $26,484
$148,868
$2,467
2015$120,546 + $26,087
$146,633
$2,441
2014$118,185 + $25,576
$143,761
$2,482
2013$117,651 + $25,461
$143,112
$2,472
2012$115,345 + $24,962
$140,307
$2,500
2010$113,084 + $24,473
$137,557
$2,385
2009$112,506 + $24,349
$136,855
$2,310
2009$112,239 + $24,291
$136,530
$2,310
2008$110,300 + $23,872
$134,172
$2,237
2007$108,138 + $23,404
$131,542
$2,155

Price Changed 2024-07-16
$1,295,000
CRMLS
Listed 2024-05-01
$1,395,000
CRMLS

Net Operating Income: 66258.00

Total Square Feet Living: 4216
Year Built: 1962
Building Features: 1
Common Walls: No Common Walls
Construction Materials: Plaster, Stucco
Entry Level: 1
Entry Location: Ground / 2nd story
Foundation Details: Raised
Property Age: 62
Property Condition: Turnkey
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
House Style: Contemporary
Year Built Source: Assessor

Electric: Standard
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1500.00
Cable Available
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Water Source: Public

No Interior Steps

Richard Henry Dana Middle School is a public middle school located approximately 0.5 miles away.
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Leland Street Elementary School is a public elementary school located approximately 0.6 miles away.
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San Pedro Senior High School is a public high school located approximately 0.6 miles away.
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A Different Spirit Academy is a private elementary, middle and high school located approximately 0.4 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.