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1079 W 25th Street

San Pedro, CA 90731
  • $1,550,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: SB22097783
UPDATED: 67 min ago
$1,550,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Listing Agent(s): Stephen Lampe of Re/Max Commercial & Investment (310 802-2500)


Description

The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T00:34:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128551948
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1079 W 25th Street San Pedro, CA 90731

  • Price: $1,550,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 67 min ago
  • ID#: SB22097783
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1968
Built
Neighborhood:
180 - Palisades
County:
Los Angeles
Area:
180 - Palisades
Property Description
The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only.
Exterior Features

Lot Features Front YardNear ParkRectangular LotStreet Level Number Of Separate Electric Meters 4 Parking Features Assigned Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley PavedMaintainedPaved

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Cap Rate 4.09 Common Interest None Community Features CurbsSidewalksPark Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 7675 Gross Scheduled Income 92100 Insurance Expense 1800 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 1600 Net Operating Income 63380 New Construction YN No New Taxes Expense 18600 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 28720 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 3050 Trash Expense 0 Water Sewer Expense 4800 Water Source Public Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T00:34:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Stephen Lampe of Re/Max Commercial & Investment (310 802-2500)