$775,000 Price Analysis   ♡   San Pedro, CA 90731 4 bed 2 bath 2,148 SqFt ($360/SqFt) 5,002SqFt lot. Built 1917 Listed 2024-05-14, Taxes $7,000 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
UPDATE: One unit to become vacant end of August!!
We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1, 074 SF Units for a total rentable square footage of 2, 148 SF. There are (2) detached garage parking spac es available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint and a newer roof and each tenant has its own in-unit laundry.
From a pricing standpoint, this property is being offered at a favorable $387, 500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rnt Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located not near the Port but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and, in effect, offers tenants easy access to the booming economic and employment hubs of both counties. For these reasons, the astute investor can confidently forecast continued population and median household income growth within the submarket, thus driving prolonged rent growth upon acquisition.
Presented by Daniel Waheed at
Lyon Stahl Investment Real Est.
Property MLS #PW24097553 from CRMLS
Bedrooms On Main Level: 2
Full Bathrooms: 2
Bathrooms On Main Level: 1
Lot Size Acres: 0.1148301
Lot Size Source: Assessor
Lot Size Square Feet: 5002
Garage Description: Detached
Parking Total: 2
Map directions Map directions Map directions Map directionsCounty: Los Angeles
Directions: Gaffey & 15th St
Source Property Type: Residential
Area: 699 - Not Defined
Property Subtype: townhouse
Source Neighborhood: 699 - Not Defined
Parcel Number: 7454031003
Postal Code Plus 4: 4706
Zoning: LAR2
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $251,966 + $321,660 $573,626 | $7,000 |
| 2021 | $247,026 + $315,353 $562,379 | $6,907 |
| 2020 | $244,494 + $312,120 $556,614 | $6,974 |
| 2019 | $239,700 + $306,000 $545,700 | $6,702 |
| 2018 | $235,000 + $300,000 $535,000 | $6,606 |
| 2017 | $77,852 + $278,050 $355,902 | $4,366 |
| 2016 | $76,326 + $272,599 $348,925 | $4,246 |
| 2015 | $75,180 + $268,505 $343,685 | $4,185 |
| 2014 | $73,708 + $263,246 $336,954 | $4,208 |
| 2013 | $73,375 + $262,057 $335,432 | $4,208 |
| 2012 | $71,937 + $256,919 $328,856 | $4,263 |
| 2010 | $70,527 + $251,882 $322,409 | $4,175 |
| 2009 | $204,000 + $408,000 $612,000 | $7,662 |
| 2009 | $70,000 + $250,000 $320,000 | $7,662 |
| 2008 | $200,000 + $400,000 $600,000 | $7,332 |
| 2007 | $200,000 + $400,000 $600,000 | $7,225 |
$775,000
CRMLS
Listed 2024-05-14
$775,000
CRMLS
Listing removed 2024-03-05
$0
CRMLS
Listing removed 2024-03-05
$0
CRMLS
Listed 2023-04-21
$850,000
CRMLS
Listed 2023-04-14
$850,000
CRMLS
Sold 2022-08-26
$750,000
CRMLS
Sold 2017-09-29
$535,000
CRMLS
Relisted 2017-09-26
$549,000
CRMLS
Listing removed 2017-09-20
$549,000
CRMLS
Listing removed 2017-07-09
$549,000
CRMLS
Listed 2017-07-08
$549,000
CRMLS
Listed 2017-03-07
$549,000
CRMLS
Sold 2009-11-13
$320,000
CRMLS
Price Changed 2009-11-08
$299,000
CRMLS
Price Changed 2009-05-11
$309,000
CRMLS
Listed 2009-05-06
$349,000
CRMLS
Sold 2005-12-27
$540,000
Public Record
Sold 2004-09-30
$399,000
Public Record
Year Built: 1917
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Living Area Source: Assessor
Property Age: 107
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Public Records
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.