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Listing 18 out of 169
$1,249,000 For Sale

730 W 5th Street
San Pedro, CA 90731

4 units | Multi Family Home
5027 sq ft - MLS# 19463312
Property Photo
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Description

Opportunity Zone investment opportunity!This 4 unit property affords an investor immediate income with upside, as well. The property was originally built in the 20's but was "taken down to the studs" and rebuilt in 1980 (Buyer to verify). The building is fully-secured with controlled access through the front gate. The units are large and the hilltop location means the tenants enjoy Harbor views! The building was tented recently and section 1 termite clearance work was completed. Additionally, the units have washer/dryer hookups.Also, the property's rental income is largely guaranteed every month. All units are Section 8, which means the income comes early every month without fail. Even better, all units are eligible for an increase - the allowable "city of LA" increase for 2019-2020 is 4%.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1920
  • Units: 4 units
  • Lot Size: 5027 sq ft
  • Zoning: LARD1.5
  • Area: 187 - Holy Trinity
  • Building Area Total: 4194.00
  • Cap Rate: 3.89
  • Directions: 110 Freeway to N Gaffey, continue on N Gaffey to 5th Street
  • Electric Expense: 3840.00
  • Gross Multiplier: 17.22
  • Gross Operating Income: 91200.00
  • Insurance Expense: 1468.00
  • Listing Agent License: 01330706
  • Listing Office License: 00530854
  • Lot Features: Sprinklers None
  • Lot Size Area: 5028.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CL
  • Maintenance Expense: 2110.00
  • Net Operating Income: 48644.00
  • Number Of Buildings: 1
  • Operating Expense: 1200.00
  • Parking Features: Driveway
  • Parking YN: Yes
  • Stories Total: 2
  • Total Expenses: 21708.00
Courtesy of Marcus & Millichap, Brice Head

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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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