Ante Perkov
Capwest Real Estate
310-378-0126
Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area. Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment. Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront & Amphitheater Development and a growing music and brewery scene are just some of the reasons to "explore more". This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand. Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase for existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1061289773 | 2 | 2 | 2 | 0 |
2 | 1061289773 | 2 | 2 | 2 | 0 |
3 | 1061289773 | 1 | 2 | 1 | 0 |
Water Source : Public
Sewer : Public Sewer
Year Built: 1970
Building Area Total: 3,516
None
See Remarks
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1148
Lot Size Source: Assessor
Lot Size Square Feet: 5000
Original List Price: 1,100,000
Listing Contract Date: 2024-02-15
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7462005026
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 185 - Plaza
Postal Code Plus 4: 5468
Directions: Gaffey and 18th Street
Zoning: LAR2
Source Property Type: Residential Income
Area: 185 - Plaza
Property SubType: Triplex
Property Age: 54
Common Walls: 2+ Common Walls
Structure Type: Triplex
Year Built Source: See Remarks
Entry Level: 1
Entry Location: Street
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3906 Bluff Place, San Pedro, CA,90731 | $2,800,000 | 3 | 2 | 1,548 | 9178 Sqft |
3605 S Carolina Street, San Pedro, CA,90731 | $1,229,000 | 4 | 2 | 2,318 | 7153 Sqft |
1810 S Leland Street, San Pedro, CA,90731 | $1,295,000 | -- | -- | 2,781 | 5006 Sqft |
1810 S Leland Street, San Pedro, CA,90731 | $1,295,000 | 5 | 3 | 2,781 | 5006 Sqft |
1184 W 11th Street #6, San Pedro, CA,90731 | $2,400 | 2 | 1 | 1,100 | 6835 Sqft |
103 W 14th Street, San Pedro, CA,90731 | $1,050,000 | -- | -- | 3,072 | 4406 Sqft |
323 W 11th Street, San Pedro, CA,90731 | $1,299,999 | 10 | 6 | 4,772 | 5002 Sqft |
460 W 8th Street, San Pedro, CA,90731 | $1,100,000 | 4 | 2 | 1,751 | 5001 Sqft |
2331 S Alma Street, San Pedro, CA,90731 | $1,190,000 | -- | 2 | 2,880 | 4500 Sqft |
1816 Barrywood Avenue, San Pedro, CA,90731 | $950,000 | 3 | 2 | 1,339 | 5901 Sqft |
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ByOwner last updated this listing 05/27/2024 @ 20:15
MLS: SB24033109
LISTED BY: Ante Perkov, Capwest Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.