1216 N Park Western Drive

    San Pedro, CA 90732
    • $1,050,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: SB18213249
    UPDATED: 100 min ago
    $1,050,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,132
      SQFT
    • $254
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Great opportunity to invest in a 4 unit income property in a highly desirable area of San Pedro bringing in over $5,600 per month. 3 of the 4 units offer 2 nicely sized bedrooms with one bath and the 4th includes 3 bedrooms 2 baths. Surrounding area is quiet and pleasantly mixed in a residential neighborhood along with a few other apartments. Property has great long term tenants because the location is within walking distance to the shops and restaurants located off Western Ave. Rents are due for an increase this December and each unit comes equipped with washer/dryer hookups. 4 units under one roof means low maintenance which is ideal for a long term investment. Drive By Only, please Do Not Disturb Tenants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87095787

    1216 N Park Western Drive San Pedro, CA 90732

    • Price: $1,050,000
    • Status: Active
    • Updated: 100 min ago
    • ID#: SB18213249
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,132
    SQFT
    $254
    $/SQFT
    1964
    Built
    Neighborhood:
    193 - San Pedro - North
    County:
    Los Angeles
    Area:
    193 - San Pedro - North
    Property Description
    Great opportunity to invest in a 4 unit income property in a highly desirable area of San Pedro bringing in over $5,600 per month. 3 of the 4 units offer 2 nicely sized bedrooms with one bath and the 4th includes 3 bedrooms 2 baths. Surrounding area is quiet and pleasantly mixed in a residential neighborhood along with a few other apartments. Property has great long term tenants because the location is within walking distance to the shops and restaurants located off Western Ave. Rents are due for an increase this December and each unit comes equipped with washer/dryer hookups. 4 units under one roof means low maintenance which is ideal for a long term investment. Drive By Only, please Do Not Disturb Tenants.
    Exterior Features

    Garage Spaces 0.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes View Harbor View 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 2+ Common Walls Heating Wall Heater Heating YN Yes Laundry Features Inside Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.00 Community Features Sidewalks Country Us Electric Expense 2000.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 67596.00 Gross Scheduled Income 67596.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Net Operating Income 52846.00 New Construction YN No New Taxes Expense 13000.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 14750.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 5633.00 Total Expenses 18500.00 Trash Expense 0.00 Water Sewer Expense 2500.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Sam Alkhazraji of Keller Williams Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604