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    2641 S Pacific Ave

    San Pedro, CA 90731
    • $1,175,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 20-608666
    Price Reduced
    $1,175,000
    • 4
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,446
      SQFT
    • $341
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    1920's Restored Classic Charm! Across from MacARTHUR Park with views of the exceptional landscape, 4 Unit Apartment Building - Value Add - Huge Upside in Rents. This 4 unit apartment building is located in a high demand rental area of San Pedro, California. Just blocks from San Pedro Plaza Park and a direct shot to the Cabrillo Beach / waterfront. This well-maintained property has an excellent unit mix consisting of 1 Bdrm 1 bath units. Each unit has its own private individual car garage. This value add deal has a tremendous upside in the rents in an area where this is a lack of rental inventory and strong demand for apartment assets. San Pedro is seeing a massive redevelopment boom.There are many factors driving this influx in development, including the revitalization of the San Pedro waterfront that envisions a town square and attractions much like San Franciscos Fisherman Wharf.This renaissance will continue to drive housing demand and increase apartment values in the market.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T23:42:26.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/108211304
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    2641 S Pacific Ave San Pedro, CA 90731

    • Price: $1,175,000
    • Status: Active
    • ID#: 20-608666
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,446
    SQFT
    $341
    $/SQFT
    1923
    Built
    Neighborhood:
    Point Fermin
    County:
    Los Angeles
    Area:
    Point Fermin
    Property Description
    1920's Restored Classic Charm! Across from MacARTHUR Park with views of the exceptional landscape, 4 Unit Apartment Building - Value Add - Huge Upside in Rents. This 4 unit apartment building is located in a high demand rental area of San Pedro, California. Just blocks from San Pedro Plaza Park and a direct shot to the Cabrillo Beach / waterfront. This well-maintained property has an excellent unit mix consisting of 1 Bdrm 1 bath units. Each unit has its own private individual car garage. This value add deal has a tremendous upside in the rents in an area where this is a lack of rental inventory and strong demand for apartment assets. San Pedro is seeing a massive redevelopment boom.There are many factors driving this influx in development, including the revitalization of the San Pedro waterfront that envisions a town square and attractions much like San Franciscos Fisherman Wharf.This renaissance will continue to drive housing demand and increase apartment values in the market.
    Exterior Features

    Lot Size Area 5000 Other Structures Other Parking Garage AssignedGaragePrivate GarageSide By SideDriveway - Concrete Style Other Total Parking 8 View Description OtherTree TopLandmark View YN Yes

    Interior Features

    Baths Total 4.00 Cooling Air ConditioningWall/Window Equipment Built-InsCableDryerDishwasherGarbage DisposalOtherRange/OvenRefrigeratorWasher Heating OtherWall

    Property Features

    Assessed Total Value 518470 Gross Income 69720 Gross Operating Income 5399 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 275366.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Other Sale Type Standard Security Features Other Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Other Total Annual Expense 275366 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar1

    Listing provided courtesy of Leslie Bega DRE#01783962 of The Agency.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T23:42:26.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    27720 Dickason Drive
    Valencia CA, 91355