$1,089,000
$1,089,000
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8 Beds
SOLD DATE : 06/22/2022
Key Details
Sold Price $1,089,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22072636
Sold Date 06/22/22
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Well-maintained 4plex located at 464 W 17th St, San Pedro. The subject property is currently operating at a 4.16% Cap Rate and 16.06 GRM, with the opportunity to raise rents by 30%. Property is ideal for any owner/user or investor looking to capitalize on a prime asset in a rapidly appreciating neighborhood. The subject property consists of four (4) 2Bed+1Bath units, which all feature Washer/Dryer Hookups and a 1 car garage. Tenants pay gas and electric; Owner only pays LADWP bill. Property is SUBJECT TO LA CITY RENT CONTROL. All tenants are current on rent and have been paying through pandemic. There is a potential to convert garages to ADU unit(s) for additional income. Property is centrally located just minutes away from Downtown San Pedro and New Waterfront Development
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of Pacific Ave south of 16th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
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Bought with Olga Wright Lyon Stahl Investment Real Estate, Inc.