581 Bonita Street,  San Pedro CA, 90731 (Residential Income)

3,300 sqft
Status: Sold
MLS#: SB16169735
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Last Updated: 12/9/2016 2:47 AM
Description for 581 Bonita Street San Pedro, CA 90731
A value-add opportunity in a primarily residential pocket of San Pedro. With SFR's up-and-down the street and a newer subdivision next door this asset is truly a ground-floor opportunity . . . as a multifamily asset or a development deal. The asset is made up of four 2 Bed/1 Bath units on a 5,097 square foot lot zoned LAR2. Separate gas and electric meters. Part of a 2 buildings portfolio - can be sold together or separately. 1401 S Pacific Coast Highway in Harbor City is the other building in the portfolio: 7 apt. units and 3 retail spaces listed at a 6.5% cap rate. The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.
Price
Sold Price:
$608,000
Sold Date:11/09/2016
Los Angeles
3,300 (approx)
SB16169735
Closed
Description
A value-add opportunity in a primarily residential pocket of San Pedro. With SFR's up-and-down the street and a newer subdivision next door this asset is truly a ground-floor opportunity . . . as a multifamily asset or a development deal. The asset is made up of four 2 Bed/1 Bath units on a 5,097 square foot lot zoned LAR2. Separate gas and electric meters. Part of a 2 buildings portfolio - can be sold together or separately. 1401 S Pacific Coast Highway in Harbor City is the other building in the portfolio: 7 apt. units and 3 retail spaces listed at a 6.5% cap rate. The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.
Listing Information
Property Type: Cluster, 2 Story
0.11 Acres 509,700 sq.ft. 3,300 (approx)
$184.24 1964
2
4 Total
Neighborhood
Room Information
Exterior / Lot Features
None
No Pool
LAR2
Sidewalks, Curbs Walk
Driving Directions
Cross Streets: North Pacific Avenue
Financial Considerations
7448027002
$46,920 Income ,$17,565Expense
Listing Price History

San Pedro Real Estate

San Pedro is located in California. San Pedro, California 90731 has a population of 79,165.

The median household income in San Pedro, California 90731 is $67,991. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in San Pedro 90731 is 41 years.

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Courtesy: RE/MAX Commercial & Inv Realty Brice Head
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