673 West 1st Street, San Pedro, CA 90731

$899,000 Approx. USD 0 beds, 0 baths
4,000 sqft

Agent Remarks

Fantastic starter investment. You could probably find a 2000 sq. ft., 3 bedroom, 2.5 bathroom, 2007-built home in the South Bay for this price range, but why not generate some extra income too? This less-than-10-year-old duplex is stunning. Anyone familiar with the neighborhood probably knows it well. Perched up high at the peak of 1st and Gaffey, from the rear of this property you even have harbor views. With two mirror-image units of the same specs: 2000 sq. ft. each, 3 bedroom, 2.5 bathrooms, these units are always in high demand due to their size. Currently unit 675 is vacant, has been recently remodeled, and has an overwhelming amount of interest at $2500/mo. Bring unit 673 to the same (market) and that will be 5000/mo. income on a 899k investment! That's over a 6.6% gross CAP! Try to find a better return, with ease of entry and purchase than that! Unit 675 was just remodeled after the last tenant moved out, and unit 673 has been occupied by long term tenants at $2000/mo. with room to increase. Each unit has it's own private rear yard, and a detached 4 car garage, separated into two, so each unit has a private 2-car garage. This is your perfect starter investment, first home, or easy addition to your real estate portfolio. This is truly a diverse and trophy of a property! All financials are calculated based on pro forma (but realistic) figures.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PV16703304
List price is $899,000
Beds: 0
Baths: 0
None fireplaces
Built in 2007
4,000 sqft
0.13 acres
Lot size: 5922.000
County: Los Angeles
Property style: Mediterranean,Spanish
Zoning: LAR2
Interior features: Bathtub,Copper Plumbing Full,Granite Counters,Kitchen Open to Family Room,Low Flow Shower,Low Flow Toilet(s),Living Room Balcony,Open Floor Plan,Recessed Lighting,Remodeled Kitchen,Shower,Shower in Tub,Storage Space
Exterior features: Lighting,Rain Gutters
Appliances: Garbage Disposal,Gas Range,Gas Stove,Gas Water Heater,Range/Stove Hood,Water Heater Unit
Parking description: Garage Door Opener,Garage - Rear Entry,Garage - Two Door
Heating description: Central Furnace
MLS area: 189 - Barton Hill

Last Updated: 9/19/2016

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This listing belongs to the 189 - Barton Hill MLS area

The style of this listing is Mediterranean,Spanish.
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The listing is zoned LAR2.
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Lat/Long: 33.743038, -118.291641.
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Broker: Courtesy of Merit Real Estate
Listing Agent: Rodman Amiri

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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