San Pedro, CA 90731,643 W 15th ST
San Pedro, CA 90731,643 W 15th ST
San Pedro, CA 90731,643 W 15th ST
50
$795,000
$775,000
2.6%
Est.Price: ?

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4 BD
2 BA
2,148 SqFt

643 W 15th ST San Pedro, CA 90731

Est. payment /mo
SOLD DATE : 11/08/2024

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Key Details

Sold Price $795,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,148 sqft

Price per Sqft $370

MLS Listing ID CRPW24097553

Sold Date 11/08/24

Bedrooms 4

Full Baths 2

Originating Board California Regional MLS

Year Built 1917

Lot Size 5,002 Sqft

Property Description

UPDATE: One unit to become vacant end of August!! We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint, and a newer roof, and each tenant has its own in-unit laundry. From a pricing standpoint, this property is being offered at a favorable $387,500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rent Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located - not only near the Port - but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and, in effect,

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAR2

Interior

Cooling Window / Wall Unit

Fireplaces Type None

Laundry In Laundry Room, 30, 38

Exterior

Garage Spaces 2.0

Pool None

View None

Building

Story One Story

Water District - Public

Others

Tax ID 7454031003

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Daniel Hopkins • Lyon Stahl Investment Real Est
Bought with Rocio Bencomo

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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