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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB19235754
Sold Date 12/11/19
HOA Y/N No
Year Built 1961
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Price Reduced by $90,000 for a Quick Sale. New Price is $1,800,000. Seven-unit apartment building - irreplaceable Point Fermin location in San Pedro! Many units have ocean views and the property will be delivered with two units vacant in a rent-ready condition (one-bedroom and two-bedroom). With 7 tuck-under parking spaces and 2-car garage, property has ample parking in addition to abundance of street parking. Property has an excellent unit mix of 4 two-bedroom and 3 one-bedroom units. On-site Laundry Room with landlord-owned equipment brings additional income; 2-car garage is rented at an additional $190/mo. Note: indicated rents are as of January 1st, 2020 and two vacant units are indicated at projected market rents. Property is subject to LA City rent control and Soft Story retrofit.
Location
State CA
County Los Angeles
Area 181 - Point Fermin
Zoning LAR1
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Covered
Garage Spaces 2.0
Carport Spaces 7
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Foothills, Park, Sidewalks, Urban, Water Sports
Roof Type Flat
Parking Type Covered
Total Parking Spaces 9
Private Pool No
Building
Lot Description Irregular Lot, Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7469009001
Energy Description 720.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Private
Special Listing Condition Standard
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Bought with Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
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