NOT LISTED FOR SALE

560 W 4th St Los Angeles, CA 90731

3 Beds
2 Baths
3,032 Sq Ft
4,999 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $1,090,000 $359 Per Sq Ft

28 Days on Market

About This Home

As of May 2021

560 W. 4th Street is a five-unit apartment building in San Pedro, California. Built in 1980, the property is not subject to the Los Angeles Rent Stabilization Ordinance. This asset features an attractive unit mix of two 2 BD / 1 BA and three 1 BD / 1 BA units, ample parking, onsite laundry and controlled entry access. Well-located in close proximity to the amenities along the Pacific Avenue Main corridor, the property has an excellent Walk Score of 92. Set against the bustling backdrop of the Port of Los Angeles, the 400-acre rapidly emerging LA Waterfront will undergo massive redevelopment over the next several years. Stretching from Wilmington on the north end, to San Pedro along the southwest perimeter of the Port, plans are in motion to create a new public market in close proximity to emerging hubs for technology and marine science, integrating the area’s rich history with an eye towards the future.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 03/16/2021

Keller Williams Realty Downey

Last Buyer's Agent

Kimiyasu Murayoshi

Andrew C. Lee License #01329437

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 4,999 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,032 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available
  • Covered Parking

Additional Features

  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 18 / 4
  • Tax Tract Number 2966
  • Assessor Parcel Number 7451018017

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,250
  • Fuel Expense $1,250
  • Insurance Expense $2,900
  • Maintenance Expense $2,750
  • Other Expense $1,000
  • Pest Control $500
  • Professional Management Expense $3,856
  • Trash Expense $1,250
  • Water Sewer Expense $1,250
  • New Taxes Expense $14,104
  • Operating Expense $30,811
  • Gross Income $77,121
  • Net Operating Income $46,310

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Professional Management Expense: 3856.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1250.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7451018017
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 359.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4999.00
  • Lot Size Acres: 0.1148

Multi Family

  • Electric Expense: 1250.00
  • Fuel Expense: 1250.00
  • Gross Income: 77121.00
  • Gross Scheduled Income: 81180.00
  • Insurance Expense: 2900.00
  • Lot Size Area: 4999.0000 Square Feet
  • Maintenance Expense: 2750.00
  • Net Operating Income: 46310.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 30811.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 30811.00

Tax Info

  • New Taxes Expense: 14104.00
  • Tax Block: 4
  • Tax Census Tract: 2966.00
  • Tax Lot: 18
  • Tax Tract Number: 2966

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
05/14/2021 05/14/21 Sold $1,090,000 -0.9% $359 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $1,100,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2021

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    2 in this area

    72 Total Sales

    Robert Stepp
    Section Image
  • Kimiyasu Murayoshi

    Buyer's Agent in 2021

    Kimiyasu Murayoshi

    Andrew C. Lee

    (213) 442-0211

    3 in this area

    91 Total Sales

    Kimiyasu Murayoshi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21055274

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

560 W 4th St, Los Angeles, CA

This home is located at 560 W 4th St, Los Angeles, CA 90731 since 16 March 2021. This property was built in 1980. 560 W 4th St is a home located in Los Angeles County with nearby schools including Cabrillo Avenue 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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