1129 W 10th Street

    San Pedro, CA 90731
    • $2,100,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: SB19152066
    UPDATED: 18 min ago
    $2,100,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,910
      SQFT
    • $304
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    PRICE JUST LOWERED BY $50,000 AND THE YEARLY INCOME JUST INCREASED BY $15,000!!!!! Several units feature modern floors, counters, and attractive tile work throughout. Some units enjoy private own balconies! The investment is comprised of two separate buildings, and there is on-site laundry included as well as ample parking (several garage spaces) for tenant convenience. Units are all separately metered for gas and electricity, helping to keep an owner's utility costs low. This is a great find for both new and seasoned apartment investors, and provides a great way to step into the hot San Pedro market, or to add on to an existing rental portfolio! Seller is open to receiving offers in Bitcoin or other Cryptocurrencies. Property delivers nice cash flow Day 1 and has upside potential of over 24%!!!!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T14:35:59.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96348381

    1129 W 10th Street San Pedro, CA 90731

    • Price: $2,100,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: SB19152066
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    6,910
    SQFT
    $304
    $/SQFT
    1923
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    PRICE JUST LOWERED BY $50,000 AND THE YEARLY INCOME JUST INCREASED BY $15,000!!!!! Several units feature modern floors, counters, and attractive tile work throughout. Some units enjoy private own balconies! The investment is comprised of two separate buildings, and there is on-site laundry included as well as ample parking (several garage spaces) for tenant convenience. Units are all separately metered for gas and electricity, helping to keep an owner's utility costs low. This is a great find for both new and seasoned apartment investors, and provides a great way to step into the hot San Pedro market, or to add on to an existing rental portfolio! Seller is open to receiving offers in Bitcoin or other Cryptocurrencies. Property delivers nice cash flow Day 1 and has upside potential of over 24%!!!!
    Exterior Features

    Garage Spaces 3.00 Lot Features Level With StreetRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.82 Community Features Storm DrainsStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 148645.00 Gross Multiplier 14.13 Gross Scheduled Income 148645.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 101157.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 47515.00 Other Expense 47515.00 Other Expense Description Contact Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer NonePublic Sewer Special Listing Conditions Standard Total Expenses 47515.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Lard2

    Listing provided courtesy of Josh Cohen of Keller Williams Beach Cities


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T14:35:59.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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