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Listing 7 out of 169
$900,000 For Sale

1623 S Grand Avenue
San Pedro, CA 90731

5 units | Multi Family Home
7789 sq ft - MLS# SB18245020
Property Photo
1/9

Description

Well-Maintained, Gated 5-Unit Apartment Complex With Desirable Unit Mix of Three 2-Bedroom and Two 1-Bedroom Units. The Property has Five Garages which Provides for Ample Parking to Tenants. NO Soft-Story Retrofit is Required. Property is Separately Metered for Utilities; Landlord Pays only for Water. There is Substantial Upside in Rental Income. Property is Located on a Large 7,787 SF Lot Located Near New Waterfront Development and Walking Distance to Schools, Shopping, Restaurants and Public Transportation.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1931
  • Stories: Multi/Split
  • Units: 5 units
  • # of Parking Spaces: 5.00
  • Lot Size: 7789 sq ft
  • Zoning: LARD2
  • Area: 185 - Plaza
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3693.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks, Street Lighting, Urban
  • Country: US
  • Directions: East of Gaffey St, between 16th and 17th Streets
  • Garage Spaces: 5.00
  • Gross Income: 62676.00
  • Gross Multiplier: 14.30
  • Gross Scheduled Income: 62676.00
  • Insurance Expense: 1200.00
  • Listing Agent License: 01315042
  • Listing Office License: 01508014
  • Lot Features: Lawn, Level with Street, Lot-Level/Flat, Walkstreet, Yard
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 43435.00
  • New Taxes Expense: 10737.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Operating Expense: 17987.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Sewer: Public Sewer
  • Total Actual Rent: 5223.00
  • Total Expenses: 17987.00
  • Water Sewer Expense: 1800.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Re/Max Commercial & Investment, Olga Wright

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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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