Property Details
About this Property
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,
MLS Listing Information
MLS #
CRPW24097553
MLS Source
California Regional MLS
Interior Features
Bedrooms
Ground Floor Bedroom
Fireplace
None
Laundry
In Laundry Room
Cooling
Window/Wall Unit
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
Zoning
LAR2
Contact Information
Listing Agent
Daniel Hopkins
Lyon Stahl Investment Real Est
License #: 02105900
Phone: (562) 684-6758
Co-Listing Agent
Joshua Barut
Lyon Stahl Investment Real Estate, Inc.
License #: 01971720
Phone: (562) 457-8126
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
643 W 15th St is a Duplex in San Pedro, CA 90731. This 2,148 square foot property sits on a 5,002 Sq Ft Lot and features 4 bedrooms & 2 full bathrooms. It is currently priced at $795,000 and was built in 1917. This address can also be written as 643 W 15th St, San Pedro, CA 90731.
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Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of November 14, 2024. For the most current information, please contact Daniel Hopkins, (562) 684-6758
