Sold for $835,000 on Feb 12, 2019
824 West Sepulveda Street is a four-unit apartment building in San Pedro, California. The property is located west of Gaffey Street, east of Meyler Street, and backs up to Bandini Canyon Park. This area is a majority-renter market with convenient access to the 110 Freeway. Thanks to a massive effort to revitalize LAâs waterfront, San Pedro is undergoing rapid redevelopment, with over $1 Billion invested in current public and private projects. 824 West Sepulveda Street consists of one building with four two-bedroom/one-bath units that have washer/dryer hookups and are separately metered for gas and electricity. The property also offers eight parking spaces (four tandem spaces) in front of the building. As a 1959 construction, this building is subject to rent control. With current rents substantially below market, 824 West Sepulveda Street presents an astute investor with the opportunity to add value and capture potential upside.
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