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

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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.