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Listing 17 out of 154
$1,600,000 For Sale

685 W 23rd Street
San Pedro, CA 90731

4 units | Multi Family Home
5001 sq ft lot - MLS# SB19210029
Property Photo


For 1031 exchange buyers seeking a quality investment with no deferred maintenance attracting quality tenants, this San Pedro 4 Unit offers superior value. Rents are Pro-forma as owner occupies two of units which can be brought to market immediately. The property is high on the hill and all units have unobstructed views of the harbor, the terminal island bridge, and along the coast. Units offer privacy and extensive upgrades. Owner managed and cared for this property features extensive upgrades: The roof was replaced in 2006, rain gutters have been installed and the building has been repainted 2x. The plumbing is all copper. There are 4 garages, 2 in the rear with quiet operating garage door openers, 2 in front are manual. The alley provides easy access. All windows and sliding doors have been replaced with double pane energy efficient windows. There is a lower level storage area for storage of supplies, materials etc. Inside, the units have crown molding, premium ceiling fans, Pergo type flooring everywhere except kitchen and bathrooms which are tiles. Kitchen features upgraded Bosch dishwashers, top quality stoves, refrigerators, disposers and vent hoods. Kitchens and bathrooms have been fully updated, deep tubs, upgraded vanities, tile countertops and backsplashes. The stoves and heaters are natural gas. Each unit has own water heater. Single water meter, separate electrical. Tours with accepted offers. Property subject to LA RSO.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1964
  • Units: 4 units
  • # of Parking Spaces: 4.00
  • Lot Size: 5001 sq ft lot
  • Zoning: LARD1.5
  • Area: 181 - Point Fermin
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3234.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Community Features: Street Lights
  • Country: US
  • Directions: From Gaffey traveling South, turn left onto 23rd street property second from corner
  • Garage Spaces: 4.00
  • Gardener Expense: 1600.00
  • Gross Income: 108000.00
  • Gross Operating Income: 104760.00
  • Gross Scheduled Income: 108000.00
  • Insurance Expense: 1768.00
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 01057946
  • Listing Office License: 01057946
  • Lot Features: 2-5 Units/Acre
  • Lot Size Area: 5000.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 72830.00
  • New Taxes Expense: 19200.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 31930.00
  • Operating Expense Percent: 30.00
  • Other Expense: 4502.00
  • Other Expense Description: plumbing
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Sewer: Public Sewer
  • Total Actual Rent: 59400.00
  • Total Expenses: 30874.00
  • Water Sewer Expense: 2537.00
  • Water Source: Public
  • Year Built Source: Public Records
Courtesy of Apex Commercial Real Estate, Arnold Ng


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Sheri McHale-Moody
RE/MAX Estate Properties

1416 W. 25th St
San Pedro, CA 90732
Phone: 310-940-1516

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