NOT LISTED FOR SALE

4034 S Pacific Ave Los Angeles, CA 90731

8 Beds
7 Baths
34,651 Sq Ft
0.63 Acres

Last Sold January 11, 2019

Last sale price $12,000,000 $346 Per Sq Ft

46 Days on Market

About This Home

As of January 2019

We are pleased to present a beautiful, remodeled apartment located in San Pedro, California. The building offers PANORAMIC OCEANFRONT views! The units are completely remodeled including new wood & modern tile floors, granite kitchens and bathrooms, contemporary paint colors and quality appliances. The subject property features an on-site laundry facility, elevator, sundeck, huge patio dining area for dining and a lush tropical landscaped courtyard. The building is located just steps from the Ocean and just blocks from Downtown, shopping, dining and entertainment. The subject property currently has 5 tenants, which makes it a unique opportunity with 31 vacant units that can be rented at market right away.

Built in 1965, the subject property consist of 34,651 rentable square feet on a lot size of 27,267 square feet. The unit mix consists of (4) three-bedroom / two-bathroom (24) two-bedroom / one-bathroom units, (7) three-bedroom / two-bathroom unit and (1) large studio / one-bathroom unit. There is an on-site laundry for tenants’ convenience. The subject property is separately metered for gas and electricity keeping expenses to a minimum.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 09/14/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.63 Acre Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Parking

  • 6 Open Parking Spaces
  • 32 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 34,651 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 432
  • Assessor Parcel Number 7467026012

Community Details

Building Details

  • 36 Separate Electric Meters
  • 36 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,054
  • Fuel Expense $8,054
  • Gardener Expense $4,800
  • Insurance Expense $9,840
  • Maintenance Expense $21,600
  • Other Expense $9,000
  • Professional Management Expense $46,341
  • Trash Expense $5,874
  • Water Sewer Expense $8,054
  • New Taxes Expense $155,750
  • Operating Expense $277,369
  • Gross Income $21,600
  • Net Operating Income $683,928

Additional Features

  • 36 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

32

Listing Details

  • Professional Management Expense: 46341.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8054.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Gardener Expense: 4800.00
  • Parcel Number: 7467026012
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 346.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 32.00
  • Total Parking Spaces: 38.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer, Septic Type Unknown
  • Trash Expense: 5874.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 27249.00
  • Lot Size Acres: 0.6256

Multi Family

  • Electric Expense: 8054.00
  • Fuel Expense: 8054.00
  • Gross Income: 21600.00
  • Gross Operating Income: 961297.00
  • Gross Scheduled Income: 968760.00
  • Insurance Expense: 9840.00
  • Lot Size Area: 27249.0000 Square Feet
  • Maintenance Expense: 21600.00
  • Net Operating Income: 683928.00
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 36
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 36
  • Operating Expense: 277369.00
  • Other Expense: 9000.00
  • Other Expense Description: Misc/Res
  • Rent Control: No
  • Total Expenses: 277369.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 155750.00
  • Tax Census Tract: 2976.01
  • Tax Lot: 8
  • Tax Tract Number: 432

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2019 01/11/19 Sold $12,000,000 -14.3% $346 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $14,000,000 -- $404 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2019

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    45 Total Sales

    Kevin King
    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    35 in this area

    5,859 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18225549

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90731

4034 S Pacific Ave, Los Angeles, CA

This home is located at 4034 S Pacific Ave, Los Angeles, CA 90731 since 14 September 2018. This property was built in 1965. 4034 S Pacific Ave is a home located in Los Angeles County with nearby schools including Leland Street Elementary School, Dana Middle School, and San Pedro Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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