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    240 W Oliver Street

    San Pedro, CA 90731
    • $850,000
    • STATUS: Active Under Contract
    • ON SITE: 85 days
    • ID#: SB20127321
    Under Contract
    UPDATED: 53 min ago
    $850,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,464
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Excellent Value Add Opportunity with with over 40% upside in rental income - Market GRM is 8.1 and Cap Rate is 9.1%- Located blocks away from LA Waterfront- Walking distance to Barton Hill Elementary School- Desirable Unit Mix of all 1 Bedroom units- All units are due for annual 4% rent increase - Each unit comes equipped with laundry hook-ups for tenants' convenience- Tenants pay are responsible for all except DWP utilities; Low operating costs for Landlord

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T09:27:55.41. 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/107425219
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    240 W Oliver Street San Pedro, CA 90731

    • Price: $850,000
    • Status: Active Under Contract
    • Updated: 53 min ago
    • ID#: SB20127321
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,464
    SQFT
    $345
    $/SQFT
    1923
    Built
    Neighborhood:
    189 - Barton Hill
    County:
    Los Angeles
    Area:
    189 - Barton Hill
    Property Description
    Excellent Value Add Opportunity with with over 40% upside in rental income - Market GRM is 8.1 and Cap Rate is 9.1%- Located blocks away from LA Waterfront- Walking distance to Barton Hill Elementary School- Desirable Unit Mix of all 1 Bedroom units- All units are due for annual 4% rent increase - Each unit comes equipped with laundry hook-ups for tenants' convenience- Tenants pay are responsible for all except DWP utilities; Low operating costs for Landlord
    Exterior Features

    Garage Spaces 0.00 Lot Features Walkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Washer Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.14 Community Features BikingSidewalksStreet LightsUrban Country Us Elevation Units Feet Gardener Expense 360.00 Gross Income 55836.00 Gross Multiplier 15.20 Gross Operating Income 54161.00 Gross Scheduled Income 55836.00 Insurance Expense 985.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3250.00 Net Operating Income 35201.00 New Construction YN No New Taxes Expense 10115.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 18960.00 Other Expense 1250.00 Other Expense Description Reserves Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 4653.00 Total Expenses 18960.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3000.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc. and Cameron Samimi of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T09:27:55.41. 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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