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$850,000 For Sale

824 W Sepulveda Street
San Pedro, CA 90731

4 units | Multi Family Home
5990 sq ft - MLS# PW18224669
Property Photo
1/5

Description

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 LA’s 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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1959
  • Units: 4 units
  • # of Parking Spaces: 8.00
  • Lot Size: 5990 sq ft
  • Zoning: LARD1.5
  • Area: 187 - Holy Trinity
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2632.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 01928739
  • Co-Listing Office License: 00530854
  • Community Features: Urban
  • Country: US
  • Directions: Located between Meyler & Gaffey
  • Gross Scheduled Income: 53244.00
  • Laundry Features: Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01332755
  • Listing Office License: 01332755
  • Lot Features: Lot Shape-Rectangular
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 33100.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Operating Expense: 19612.00
  • Sewer: Public Sewer
  • Total Expenses: 19612.00
  • Uncovered Spaces: 8.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac

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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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