473 N Bandini Street

    San Pedro, CA 90731
    • $950,000
    • STATUS: Active Under Contract
    • ON SITE: 76 days
    • ID#: SB19134579
    Under Contract
    UPDATED: 51 min ago
    $950,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $317
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Subject property is a 4-unit apartment complex built in 1965 (Subject to Rent Control). The property has on-site surface parking for all units and laundry room with washer and dryer owned by Landlord that generates $120 per month in additional income. The Building has a favorable unit mix of 2 bedroom 1 bath units. Actual rental income is as of October 1, 2019. Proforma rental income is based on market rents.This property is walking distance to Bandini Street Elementary school and several places of worship.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-23T22:36:34.353. 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 or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/95680767

    473 N Bandini Street San Pedro, CA 90731

    • Price: $950,000
    • Status: Active Under Contract
    • Updated: 51 min ago
    • ID#: SB19134579
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,000
    SQFT
    $317
    $/SQFT
    1965
    Built
    Neighborhood:
    187 - Holy Trinity
    County:
    Los Angeles
    Area:
    187 - Holy Trinity
    Property Description
    Subject property is a 4-unit apartment complex built in 1965 (Subject to Rent Control). The property has on-site surface parking for all units and laundry room with washer and dryer owned by Landlord that generates $120 per month in additional income. The Building has a favorable unit mix of 2 bedroom 1 bath units. Actual rental income is as of October 1, 2019. Proforma rental income is based on market rents.This property is walking distance to Bandini Street Elementary school and several places of worship.
    Exterior Features

    Garage Spaces 0.00 Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached 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 Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.80 Community Features CurbsSidewalksStreet LightsUrban Country Us Electric Expense 900.00 Elevation Units Feet Fuel Expense 1200.00 Gross Income 68128.00 Gross Multiplier 13.60 Gross Scheduled Income 68128.00 Insurance Expense 1500.00 Land Lease YN No Laundry Income 120.00 Laundry YN Yes Maintenance Expense 3266.00 Net Operating Income 45834.00 New Construction YN No New Taxes Expense 11362.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 22428.00 Other Expense 1200.00 Other Expense Description Reserves Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5676.00 Total Expenses 22428.00 Trash Expense 0.00 Vacancy Allowance 1363 Water Sewer Expense 3000.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Olga Wright of Re/Max Commercial & Investment and Stephen Lampe of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-23T22:36:34.353. 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 or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604