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1079 W 25th Street

San Pedro, CA 90731
  • $1,250,000
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: SB24048667
UPDATED: 234 min ago
$1,250,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

Situated in the coveted Coastal area of San Pedro, the subject property is a two-story 4-plex nestled on West 25th Street between Leland and Alma St, just minutes away from Cabrillo Beach, LA Marina, Point Fermin Park, and Royal Palms Beach. Offering ample potential for investors seeking upside and owner/users alike, this property is an attractive investment opportunity. All units are spacious 2 bedroom/1 bath with excellent layout. THREE UNITS WILL BE DELIVERED VACANT. There is a potential to add an ADU - buyer to verify (Broker or Seller make no representations or warranties). Property is well-maintained and has low expenses; Landlord is only responsible for DWP.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/148544800
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1079 W 25th Street San Pedro, CA 90731

  • Price: $1,250,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 234 min ago
  • ID#: SB24048667
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1968
Built
Neighborhood:
180 - Palisades
County:
Los Angeles
Area:
180 - Palisades
Property Description
Situated in the coveted Coastal area of San Pedro, the subject property is a two-story 4-plex nestled on West 25th Street between Leland and Alma St, just minutes away from Cabrillo Beach, LA Marina, Point Fermin Park, and Royal Palms Beach. Offering ample potential for investors seeking upside and owner/users alike, this property is an attractive investment opportunity. All units are spacious 2 bedroom/1 bath with excellent layout. THREE UNITS WILL BE DELIVERED VACANT. There is a potential to add an ADU - buyer to verify (Broker or Seller make no representations or warranties). Property is well-maintained and has low expenses; Landlord is only responsible for DWP.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Front YardRectangular Lot Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.27 Common Interest None Community Features CurbsStreet LightsSidewalksUrban Garage YN No Gross Income 106800 Gross Scheduled Income 106800 Insurance Expense 3378 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupIn Kitchen Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan1031 Exchange Maintenance Expense 2600 Net Operating Income 78418 New Construction YN No New Taxes Expense 15000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 25178 Other Expense 1000 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 1400 Trash Expense 0 Utilities Sewer Available Vacancy Allowance 3204 Vacancy Allowance Rate 3 Water Sewer Expense 3200 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)