635 W 21st Street,  San Pedro CA, 90731 (Residential Income)

7,807 sqft
Status: Backup Offers
MLS#: SB16718653
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Last Updated: 12/4/2016 2:10 PM
Description for 635 W 21st Street San Pedro, CA 90731
The subject property is an extremely well maintained 7 unit apartment complex with excellent curb appeal, located on 21st Street in San Pedro. The present owner has made extensive upgrades to this property over the past few years including: new roofs, rain gutters, new windows, new garage doors, exterior & interior paint, kitchen appliances, heaters, landscaping, plumbing, decking, wrought iron railing and sewer line. Many units have new kitchen cabinets and flooring. There are 7 garages onsite and 2 open spaces in front. All units are individually metered for gas & electric and tenants also pay for the trash service. There is a landlord owned laundry room onsite with 2 washers and 2 dryers that generate $1,800 per year in income. The front building (635 21st Street) is a two story 4-plex that was constructed in 1989 (Certificate of Occupancy dated 9/19/1989). The unit mix consists of a 3+1, 2+1, 3+3, and a 2+2 unit mix and one garage. The rear building (641 21st Street) is a two story 3-plex that was built in 1963 and all units are 2 bedroom 1 bath units. At current rents, the property is priced to sell at 12.9 GRM & a 5.09% CAP rate!!! THIS PROPERTY IS SUBJECT TO THE CITY OF LOS ANGELES LADBS SOFT-STORY RETROFIT PROGRAM. (Cost of said Retrofit is Reflected in the Price) Please visit LA DBS website for more information.
Price
$1,550,000
Los Angeles
7,807 (approx)
SB16718653
Backup Offers
Description
The subject property is an extremely well maintained 7 unit apartment complex with excellent curb appeal, located on 21st Street in San Pedro. The present owner has made extensive upgrades to this property over the past few years including: new roofs, rain gutters, new windows, new garage doors, exterior & interior paint, kitchen appliances, heaters, landscaping, plumbing, decking, wrought iron railing and sewer line. Many units have new kitchen cabinets and flooring. There are 7 garages onsite and 2 open spaces in front. All units are individually metered for gas & electric and tenants also pay for the trash service. There is a landlord owned laundry room onsite with 2 washers and 2 dryers that generate $1,800 per year in income. The front building (635 21st Street) is a two story 4-plex that was constructed in 1989 (Certificate of Occupancy dated 9/19/1989). The unit mix consists of a 3+1, 2+1, 3+3, and a 2+2 unit mix and one garage. The rear building (641 21st Street) is a two story 3-plex that was built in 1963 and all units are 2 bedroom 1 bath units. At current rents, the property is priced to sell at 12.9 GRM & a 5.09% CAP rate!!! THIS PROPERTY IS SUBJECT TO THE CITY OF LOS ANGELES LADBS SOFT-STORY RETROFIT PROGRAM. (Cost of said Retrofit is Reflected in the Price) Please visit LA DBS website for more information.
Listing Information
Property Type: Cluster, Traditional, 2 Story
0.22 Acres 1,000,000 sq.ft. 7,807 (approx)
$198.54 1963
Yes- 7 spaces 2
Stucco
Gas Water Heater
7 Total
Neighborhood
Room Information
Gas Dryer Hookup, Hookups in Laundry Room
Low-Flow Shower, Low-Flow Toilet, Shower
Interior Features
Dishwasher, Range/Oven Free Standing, Garbage Disposal
Carpet Wall to Wall
Wall Unit, Forced Air
Exterior / Lot Features
7 Garage Spaces, 9 Parking Spaces, Handicap Parking, Garage
Stucco
Balcony
Shingle
None
No Pool
LARD1.5
Block
Sidewalks, Street Lights, Urban
Driving Directions
Gaffey and 21st St
Financial Considerations
7462029009
$120,120 Income ,$37,745Expense
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 & Investment Olga Wright
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Information is deemed reliable but is not guaranteed.

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