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Sold for $839,000 Sold

716 W 31st Street
San Pedro, CA 90731

2 units | Multi Family Home
5001 sq ft lot - MLS# SB19082465
Property Photo

Sold

Sold for $839,000 on May 22, 2019

Description

Two-on-a-Lot with AWESOME VIEWS of harbor, ocean, boats, ships, Angel's Gate lighthouse, sunrises, harbor night lights, mountains, and Vincent Thomas Bridge!! Light, bright, airy and quiet this 3 bedroom 1 ½ bath home (1416 SF APPROX) has dual glazed vinyl sliding glass doors and windows throughout. The recently remodeled kitchen features a stainless Viking Range, custom wood cabinetry and fabulous granite countertops. Enjoy the outdoors with spacious upper and lower decks. The living area has hardwood floors, vaulted open beam ceiling, and remodeled baths have quartz countertops. Newly carpeted stairs and upper bedrooms in a neutral hue. There is a detached two-car garage, an outdoor Jacuzzi, and a cozy, legal, rentable studio apartment (approx 400 SF @$1500/month) or mother-in-law unit with the same INCREDIBLE VIEWS!! It has a comfortable kitchen, a ¾ bath and its own outdoor entertaining deck. Current owners have rented the studio on AirB&B at @100/night and have had excellent success. The way the two properties sit on the lot, each unit has it's own separate entrance and privacy. You will love this well cared for home plus rental income!!

Features

  • # of Parking Spaces: 2.00
  • Appliances: Dishwasher, Disposal, Gas Range, High Efficiency Water Heater, Microwave, Refrigerator, Tankless Wat
  • Appliances YN: Yes
  • Area: 181 - Point Fermin
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area: 1816
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area: 500
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1816.00
  • Building Area Units: Square Feet
  • Cap Rate: 5.00
  • Community Features: Sidewalks, Street Lights
  • Country: US
  • Directions: Gaffey to 31st St.
  • Flooring: Carpet, Wood
  • Garage Spaces: 2.00
  • Gardener Expense: 1000.00
  • Gross Income: 54000.00
  • Gross Scheduled Income: 54000.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Insurance Expense: 1200.00
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01214227
  • Listing Office License: 00983568
  • Listing Status: Closed
  • Lot Features: Back Yard, Sloped Down, Front Yard, Park Nearby, Up Slope from Street, Yard
  • Lot Size: 0.1148
  • Lot Size Area: 5001.0000
  • Lot Size Source: See Remarks
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 41488.00
  • New Taxes Expense: 10487.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 13487.00
  • Other Structures: Two On A Lot
  • Parking Features: Garage Faces Rear, Garage Door Opener
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Multi Family Home
  • Rent Control YN: Yes
  • Room Type: All Bedrooms Up, Kitchen, Walk-In Closet
  • Selling Agent: Janice Hou
  • Selling Agent License: 01418965
  • Selling Office: Compass
  • Sewer: Public Sewer
  • Sold Date: 2019-05-22
  • Sold Price: 839000.00
  • Spa Features: Above Ground
  • Spa YN: Yes
  • Stories: Two
  • Stories Total: 2
  • Style: Custom Built
  • Sub Type: Multi Family Home
  • Total Actual Rent: 4500.00
  • Total Expenses: 13487.00
  • Trash Expense: 300.00
  • Units: 2
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 500.00
  • Water Source: Public
  • Year Built: 1952
  • Year Built Source: Assessor
  • Zip Code: 90731
  • Zoning: LARD2

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Sheri McHale-Moody
RE/MAX Estate Properties

1416 W. 25th St
San Pedro, CA 90732
Phone: 310-940-1516
Email: sherimoody10@gmail.com

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