B
Seller's Agent in 2013
Brice W. Head, MBA
RE/MAX
1026 W 20th St San Pedro, CA 90731
8
Beds
5
Baths
12,172
Sq Ft
10,012
Sq Ft Lot
About This Home
As of April 2013An impeccably maintained asset by a long-time, "local" operator. This building presents an investor a chance to own a seamless rental asset. "Plug in and cash flow". The building sits on a large, 10,000 sq. ft. lot with Harbor views to the South and East. The tenants enjoy controlled-access parking in front and back parking garages. The garages are outfitted with storage lockers for each unit. Also, there is an on-site laundry facility - here, also, each unit has a small locker for detergent and other laundry essentials. The building is separately metered for gas and electric.. A new owner could increase cash flow by building out the 'rec room' into storage units or one stand-alone rental unit - for either a tenant or a 3rd party renter...comparable Public Storage rates for space, smaller than this, are at least $400/month.
At the top of the "hill" on 20th, overlooking the Harbor. The city of San Pedro is true community in Greater LA...beautiful views of Palos Verdes, Catalina Island, the open Pacific and Harbor, as you look from West to East. The economic base, their, is about as steady as it comes, anchored by The Port of Los Angeles...the busiest container port in the United States.
Last Agent to Sell the Property
Brice W. Head, MBA
Re/Max Commercial & Investment License #01330706 Listed on: 02/11/2013
Last Buyer's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment License #01330706 Listed on: 02/11/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 10,012 Sq Ft Lot
- Two or More Common Walls
Parking
- 13 Car Garage
- Parking Available
- Shared Driveway
- Assigned Parking
- Controlled Entrance
- Community Parking Structure
Home Design
- 12,172 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 22 / 27
- Assessor Parcel Number 7462012079
Community Details
Overview
- 13 Units
Building Details
- 13 Leased Units
- Rent Control
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,865
- Gardener Expense $1,200
- Insurance Expense $3,600
- Maintenance Expense $14,415
- Trash Expense $2,865
- Water Sewer Expense $2,865
- New Taxes Expense $27,852
- Gross Income $15,186
- Net Operating Income $106,648
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2013 04/23/13 | Sold | $2,150,000 | -2.3% | $177 / Sq Ft |
| 03/05/2013 03/05/13 | Pending | -- | -- | -- |
| 02/11/2013 02/11/13 | For Sale | $2,200,000 | -- | $181 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB13020639
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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