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Listing 23 out of 145
Sold for $425,000 Sold

116 N Cabrillo Avenue
San Pedro, CA 90731

2 units | Multi Family Home
3751 sq ft - MLS# SB19024648
Property Photo

Sold

Sold for $425,000 on Apr 5, 2019

Description

Best value on the market located within Holy Trinity, a quiet and historic submarket of San Pedro. This easy to own duplex consists of two detached 1bed/1bath units with functional layouts, laundry hookups, and a 1car garage for each. Both units are in good condition, one of which was recently remodeled. Plus, there is a backyard and each unit is separately metered for gas & electricity. These charming bungalow style homes offer all the amenities one looks for - what a great opportunity for investors and savvy owner-occupied buyers alike! With close proximity to Downtown San Pedro and the LA Waterfront (less than a mile from the new San Pedro Public Market, Space X Rocket & Spaceship Facility, Alta Sea Labs, Nelson One and other subsequent new developments), the new owner can capitalize on the resurgence of this strong rental market. Plus, there are plenty of local shops, restaurants, breweries, museums, transportation, parks, and Cabrillo Beach nearby for all to enjoy. This opportunity has immense potential and is the perfect property to start a portfolio with!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $425,000
  • Zip Code: 90731
  • Year Built: 1927
  • Stories: One
  • Units: 2 units
  • # of Parking Spaces: 2.00
  • Lot Size: 3751 sq ft
  • Zoning: LARD1.5
  • Area: 187 - Holy Trinity
  • Average 1 Bed Area: 484
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 968.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.00
  • Community Features: Sidewalks, Urban
  • Country: US
  • Directions: On corner of W 1st and N Cabrillo Ave
  • Electric: Standard
  • Garage Spaces: 2.00
  • Gross Income: 26821.00
  • Gross Multiplier: 15.85
  • Gross Scheduled Income: 26821.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Insurance Expense: 800.00
  • Laundry Features: Individual Room, Outside
  • Laundry YN: Yes
  • Listing Agent License: 02001732
  • Listing Office License: 01914434
  • Lot Features: Back Yard, Corner Lot, Landscaped, Near Public Transit, Park Nearby
  • Lot Size Area: 3751.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 17083.00
  • New Taxes Expense: 5058.00
  • Number Of Buildings: 2
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Operating Expense: 9739.00
  • Parking Features: Assigned
  • Parking YN: Yes
  • Rent Control YN: Yes
  • Selling Agent: Chrystal Tchan
  • Selling Agent License: 01942504
  • Selling Office: Chrystal Tchan
  • Selling Office License: 01942504
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Actual Rent: 2235.00
  • Total Expenses: 9739.00
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Sewer Expense: 1440.00
  • Water Source: Public
  • Year Built Source: Public Records
  • Sold Date: 2019-04-05 00:00:00
  • Sold Price: 425000.00
Courtesy of Buckingham Investments, Inc, Matthew Mahowald

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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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