NOT LISTED FOR SALE

522 N Centre St Los Angeles, CA 90731

6 Beds
6 Baths
5,000 Sq Ft
5,001 Sq Ft Lot

Last Sold July 19, 2021

Last sale price $1,045,000 $209 Per Sq Ft

19 Days on Market

About This Home

As of July 2021

We are pleased to present 522 South Centre Street, a 6-unit investment property in San Pedro, California. The property is located between Amar and Oliver Streets just just blocks from the110 Freeway. This area is a solid majority-renter market with low vacancy rates. 522 South Centre Street consists of six 1 bedroom 1 bathroom units, two of which have a sun room. All of the units are separately metered for gas and electricity. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. PROPERTY HIGHLIGHTS: Low Price Per Foot ($233), All Units have W/D Hookups, Strong In-Place Income With Upside, and Up and Coming San Pedro Market

Last Agent to Sell the Property

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 05/11/2021

Last Buyer's Agent

Jonathan Weir

Marcus & Millichap License #02038545

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,001 Sq Ft Lot

Interior Spaces

  • 5,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 7449-004-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5000
  • Lot Acreage: 0.1148
  • Probate: No
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 223.00

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 19.35
  • Assessed Improvement Value: 79451
  • Assessed Land Percent: 80.65
  • Assessed Land Value: 331074
  • Total Assessed Value: 410525
  • Assessor Parcel Number: 7449-004-001
  • Lot Size Area: 5001

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.11
  • Number Of Units: 6
  • Total Annual Expense: 34785
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 2763

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $1,045,000 -6.3% $209 / Sq Ft
05/30/2021 05/30/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $1,115,000 -- $223 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-730100

The MLS