San Pedro (los Angeles), CA 90731,643 W 15th Street
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San Pedro (los Angeles), CA 90731,643 W 15th Street
San Pedro (los Angeles), CA 90731,643 W 15th Street
San Pedro (los Angeles), CA 90731,643 W 15th Street
San Pedro (los Angeles), CA 90731,643 W 15th Street
Listed by Daniel Hopkins • Lyon Stahl Investment Real Est
Bought with Rocio Bencomo • PAK HOME REALTY

$795,000

Est. payment /mo

$775,000

2.6%
Est.Price: ?

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643 W 15th Street San Pedro (los Angeles), CA 90731

4 Beds

2 Baths

2,148 SqFt

SOLD DATE : 11/08/2024

Key Details

Sold Price $795,000

Property Type Single Family Home

Sub Type Duet

Listing Status Sold

Purchase Type For Sale

Square Footage 2,148 sqft

Price per Sqft $370

MLS Listing ID CRPW24097553

Sold Date 11/08/24

Bedrooms 4

Full Baths 2

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1917

Lot Size 5,002 Sqft

Property Description

UPDATE: One unit to become vacant end of August!! We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint, and a newer roof, and each tenant has its own in-unit laundry. From a pricing standpoint, this property is being offered at a favorable $387,500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rent Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located – not only near the Port – but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and, in eff

Location

State CA

County Los Angeles

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Laundry Room, Other

Exterior

Garage Spaces 2.0

Pool None

View None

Private Pool false

Building

Story 1

Water Public

Schools

School District Los Angeles Unified

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agent

Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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