624 W 16th Street, San Pedro, CA 90731
- $1,295,000
- 4,504
- SqFt
- List Price
- $1,295,000
- Status
- ACTIVE
- MLS#
- SB20237601
- Year Built
- 1969
- Living Sq. Ft
- 4,504
- Lot Size
- 5,005
- Acres
- 0.1149
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 82
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
- Well maintained, large building with recent exterior paint and landscaping - Excellent unit mix of spacious 2-Bed/1-Bath units - Lower units have enclosed patios, upper units have balconies - Great current income plus upside potential - Additional $500/month income from garage rental - Soft Story retrofit has been completed - Additional $30/month income from retrofit charge pass-through for one unit - Tented and termite work completed 2.5 years ago - (4) Sec. 8 Tenants with guaranteed rent - Can be sold with 5 units at 520 W 21st St, San Pedro
Additional Information
- Tract Number
- 2969.0
- Lot Description
- Biking, Curbs, Dog Park, Hiking, Park
- Pool Description
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $88,296
- Operating Expense
- 32579
- Unit One Total Units
- 1
- Unit One Beds
- 2
- Unit One Baths
- 1
- Unit One Actual Rent
- 1511.00
- Unit One Total Rent
- 1511.00
- Unit One Pro Forma
- 1675
- Unit One Furnished
- Unfurnished
- Unit Two Total Units
- 1
- Unit Two Beds
- 2
- Unit Two Baths
- 1
- Unit Two Actual Rent
- 1444.00
- Unit Two Total Rent
- 1444.00
- Unit Two Pro Forma
- 1675
- Unit Two Furnished
- Unfurnished
- Unit Three Total Units
- 1
- Unit Three Beds
- 2
- Unit Three Baths
- 1
- Unit Three Actual Rent
- 1437.00
- Unit Three Total Rent
- 1437.00
- Unit Three Pro Forma
- 1675
- Unit Three Furnished
- Unfurnished
- Unit Four Total Units
- 1
- Unit Four Beds
- 2
- Unit Four Baths
- 1
- Unit Four Actual Rent
- 1678.00
- Unit Four Total Rent
- 1678.00
- Unit Four Pro Forma
- 1678
- Unit Four Furnished
- Unfurnished
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Listing courtesy of Olga Wright from Lyon Stahl Investment Real Estate, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.