635 West 21st Street, San Pedro, CA 90731

$1,550,000 Approx. USD 0 beds, 0 baths
7,807 sqft

Agent Remarks

The subject property is an extremely well maintained 7 unit apartment complex with excellent curb appeal, located on 21st Street in San Pedro. The present owner has made extensive upgrades to this property over the past few years including: new roofs, rain gutters, new windows, new garage doors, exterior & interior paint, kitchen appliances, heaters, landscaping, plumbing, decking, wrought iron railing and sewer line. Many units have new kitchen cabinets and flooring. There are 7 garages onsite and 2 open spaces in front. All units are individually metered for gas & electric and tenants also pay for the trash service. There is a landlord owned laundry room onsite with 2 washers and 2 dryers that generate $1,800 per year in income. The front building (635 21st Street) is a two story 4-plex that was constructed in 1989 (Certificate of Occupancy dated 9/19/1989). The unit mix consists of a 3+1, 2+1, 3+3, and a 2+2 unit mix and one garage. The rear building (641 21st Street) is a two story 3-plex that was built in 1963 and all units are 2 bedroom 1 bath units. At current rents, the property is priced to sell at 12.9 GRM & a 5.09% CAP rate!!! THIS PROPERTY IS SUBJECT TO THE CITY OF LOS ANGELES LADBS SOFT-STORY RETROFIT PROGRAM. (Cost of said Retrofit is Reflected in the Price) Please visit LA DBS website for more information.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# SB16718653
List price is $1,550,000
Beds: 0
Baths: 0
Built in 1963
7,807 sqft
2 stories
0.22 acres
Lot size: 10000.000
County: Los Angeles
Property style: Traditional
Zoning: LARD1.5
Interior features: Balcony,Low Flow Shower,Low Flow Toilet(s),Shower,Shower in Tub
Appliances: Dishwasher,Free Standing Range,Garbage Disposal,Gas Water Heater
Parking description: Garage
Heating description: Forced Air,Wall Heater
MLS area: 185 - Plaza

Last Updated: 10/19/2016

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This listing belongs to the 185 - Plaza MLS area

The style of this listing is Traditional.
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The listing is zoned LARD1.5.
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Broker: Courtesy of Re/Max Commercial & Investment
Listing Agent: Olga Wright
Co Listing Agent: Stephen Lampe

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The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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