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David Dodson

[email protected] +1(909) 553-1538

$ 808,000

Est. payment -/mo

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Active Under Contract

467 W 12th ST San Pedro, CA 90731

1,596 SqFt

UPDATED:

10/28/2024 10:09 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,596 sqft

Price per Sqft $506

MLS Listing ID SB24127790

HOA Y/N No

Year Built 1948

Lot Size 4,987 Sqft

Property Description

Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo. each; 1 garage is owners’. ***Tenants pay their own gas, electric and trash; landlord only pays for the DWP Water service. One tenant is Section 8 and pays $1,795; Other two tenants are NOT Section 8 and pay $1,011 for 1 Bedroom and $919 for 2 Bedroom. ***Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportation. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.

Location

State CA

County Los Angeles

Area 185 - Plaza

Zoning LAR2

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage Garage Faces Rear

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Parking Type Garage Faces Rear

Total Parking Spaces 3

Private Pool No

Building

Lot Description Walkstreet

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7456008005

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc. • 3108017373

David Dodson

Agent | License ID: 02083913

+1(909) 553-1538

David Dodson

467 W 12th ST San Pedro, CA 90731

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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467 W 12th ST