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Listing 17 out of 123
$849,000 Pending

732 W 21st Street
San Pedro, CA 90731

3 units | Multi Family Home
5009 sq ft - MLS# PV19000590
Property Photo
1/21

Description

HIGHEST CAP RATE of all San Pedro 3-4 unit buildings currently on the market or in escrow (4.85%), next rent increase (5%) Very nice, two building triplex located above Gaffey in the Vista del Oro section of San Pedro. All termite repairs completed in December 2018, followed by a complete repaint of the exterior of both buildings. Both buildings will be fumigated after buyer removes all contingencies, then followed by delivery of termite completion prior to close of escrow. Front building (732, approx 900 SF) is a 3/1, Back building (approx 2000 SF) (734A, approx 660 SF) has a 2/1 at the lower level and (734B, Upper level, approx 1340 SF) is a 3/2 with some view; all units have enclosed washer, dryer facilities. Parking (alley access) consists of a one car garage (currently an outside rental @$125/month (not shown in unit info, but part of the GSI - SEE income info)) and a driveway that will accommodate 3 car tandem parking. There is enclosed patio space for the front building, and extra patio space for the other tenants. I have met the tenants (all non smokers), they all seem very nice, and, per Properties West, pay their rents on time. TENANTS terms, (approx) – 732, 1.3 years – 734A, 5 mos – 734B, 20+ years- Garage, 6 years. CAP RATE – Est 4.85% / with this years increases CAP RATE 5.0%- GROSS MULTIPLIER 14.37 - DEC 8TH INSPECTION REPORT AVAILABLE ON REQUEST

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • Zip Code: 90731
  • Year Built: 1944
  • Style: Contemporary
  • Units: 3 units
  • # of Parking Spaces: 1.00
  • Lot Size: 5009 sq ft
  • View: City Lights,Mountain,Peek-A-Boo, Yes
  • Zoning: LARD1.5
  • Area: 183 - Vista Del Oro
  • Appliances: Dishwasher, Gas Stove, 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: 2965.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.82
  • Community Features: Curbs
  • Construction Materials: Block, Stucco
  • Country: US
  • Directions: GAFFEY TO 21ST ST, GO EAST (UP HILL, ABOVE GAFFEY) ABOUT THE 5TH PROPERTY ON THE RIGHT
  • Electric Expense: 228.00
  • Exterior Features: Rain Gutters
  • Fence YN: Yes
  • Fencing: Good Condition, Masonry, Redwood
  • Flooring: Carpet
  • Foundation Details: Raised
  • Garage Income: 1500.00
  • Garage Rental Rate: 125.00
  • Garage Spaces: 1.00
  • Gardener Expense: 660.00
  • Gross Income: 59052.00
  • Gross Multiplier: 14.37
  • Gross Operating Income: 59052.00
  • Gross Scheduled Income: 59052.00
  • Gross Spendable Income: 40630.00
  • Heating: Central Furnace, Wall Heater, Natural Gas
  • Heating YN: Yes
  • Insurance Expense: 1382.00
  • Interior Features: Copper Plumbing Full, Unfurnished
  • Laundry Features: Gas Dryer Hookup, In Closet, Individual Room, Inside, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01231182
  • Listing Office License: 01948605
  • Lot Dimensions: 40X175
  • Lot Features: 0-1 Unit/Acre, Back Yard, Garden, Gentle Slope
  • Lot Size Area: 5009.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3300.00
  • Net Operating Income: 40970.00
  • New Taxes Expense: 9848.00
  • Number Of Buildings: 2
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 18082.00
  • Operating Expense Percent: 30.62
  • Parking Features: Assigned, Garage - Rear Entry, Off Site, On Site, Public
  • Parking YN: Yes
  • Rent Control YN: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Roof: Asphalt
  • Sewer: Public Sewer, Sewer Paid
  • Total Actual Rent: 4796.00
  • Total Expenses: 18082.00
  • Trash Expense: 192.00
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 2472.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of West Shores Realty, Inc., Bob Locke

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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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