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1079 W 25th Street

San Pedro, CA 90731
  • $1,550,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: SB22097783
UPDATED: 47 min ago
$1,550,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only. The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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1079 W 25th Street San Pedro, CA 90731

  • Price: $1,550,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 47 min ago
  • ID#: SB22097783
8
Beds
0
Baths
0
½ Baths
0.11
Acres
Neighborhood:
San Pedro (90731)
County:
Los Angeles
Area:
San Pedro (90731)
Property Description
The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only. The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K Site CurbsSidewalks Topography Level

Interior Features

Cooling N/K Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 4.09 Annual Expense Actual 28720 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 16.83 Gross Scheduled Income Actual 92100 Tenant Pays Cable TvElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1350.0 Unit2 Rent Actual 1700.0 Unit3 Rent Actual 2250.0 Unit4 Rent Actual 2375.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Re/Max Commercial & Investment. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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12780 High Bluff Dr
San Diego CA, 92130