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Listing 68 out of 183
$929,000 For Sale

382 W 12th Street
San Pedro, CA 90731

5 units | Multi Family Home
5005 sq ft lot - MLS# PW19123398
Property Photo
1/13

Description

Excellent property! It is well maintained and managed. Property consists of 5Us, three buildings. First building is a 2x1 house with backyard. Second building is a duplex with 2-2x1 Third building is a duplex with two singles, Each unit has private front and back door entries, with private enclosed front patios. Four of the units have cozy gas fireplaces and washer dryer hook ups. Property has secured fencing and gates. Three units are at market rents and due for 4% rent increases in Aug. Sept. and Dec. of 2019 .This is a low maintenance building with tenants paying their own gas, electric and trash. All the buildings have bolted foundations. Property near Ports O' Call and fine waterfront dining and entertainment. There is easy access to freeway and to the Long Beach Convention Center and Entertainment District via the St. Vincent Thomas Bridge. Property also blocks from beach and San Pedro City Civic Center. Perfect asset for seasoned or first time investor.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1924
  • Stories: One
  • Units: 5 units
  • Fireplace: Living Room, Yes
  • Lot Size: 5005 sq ft lot
  • Area: 193 - San Pedro - North
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2554.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.97
  • Common Walls: 1 Common Wall
  • Community Features: Curbs, Sidewalks
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: East of S. Pacific Avenue and West of S. Centre St
  • Fence YN: Yes
  • Fencing: Block, Security, Wrought Iron
  • Flooring: Carpet, Laminate, Vinyl
  • Gardener Expense: 660.00
  • Gross Income: 69720.00
  • Gross Multiplier: 13.61
  • Gross Operating Income: 67632.00
  • Gross Scheduled Income: 69720.00
  • Heating: Wall Furnace, Natural Gas
  • Heating YN: Yes
  • Insurance Expense: 1850.00
  • Interior Features: Ceiling Fan(s), Laminate Counters
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 00983625
  • Listing Office License: 01391478
  • Lot Features: 2-5 Units/Acre, Landscaped, Rectangular Lot, Level
  • Lot Size Area: 5004.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 47119.00
  • New Taxes Expense: 11100.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 5
  • Number With Disposal: 5
  • Number With Patio: 5
  • Number With Range: 5
  • Number With Refrigerator: 2
  • Operating Expense: 20503.00
  • Pest Control Expense: 660.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Road Surface Type: Alley Paved
  • Roof: Composition
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Utility Room
  • Sewer: Public Sewer
  • Total Expenses: 20503.00
  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 2177.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Realty Executives Cornerstone, Lou Meza

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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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