Seller's Agent in 2017
Kevin King
Marcus & Millichap
(562) 257-1245
45 Total Sales
674 W 27th St San Pedro, CA 90731
9
Beds
7
Baths
15,568
Sq Ft
0.31
Acres
About This Home
As of January 2017We are pleased to present a beautiful, remodeled apartment located in San Pedro, California. The building is perched above San Pedro Harbor on a quiet cul-de-sac with panoramic ocean and harbor beach views. Almost all units have panoramic ocean/ harbor/beach views with balconies, private yards with new artificial grass, new vinyl fencing, new decks, private patios, new wood floors, new granite kitchen and baths. The property is located just blocks from the Beach, Alta Sea, Ports O’ Call Village and minutes away from the 110 freeway.
Built in 1965, the subject property consist of 15,568 rent-able square feet on a lot size of 13,409 square feet. The unit mix consists of (14) two-bedroom / one-bathroom units, (1) three-bedroom / two-bathroom penthouse, (1) two-bedroom / two-bathroom townhouse and (1) large non-conforming 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.
This is a rare opportunity to acquire a turn key asset in San Pedro's strongest rental market. With a current yield in the 4% range and room to push rents, this an exceptional opportunity in a city experiencing significant regentrification in the water front area. San Pedro is located on the southern end of the Palos Verdes Peninsula.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 10/21/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.31 Acre Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- 15,568 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Additional Features
- Laundry Room
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 1
- Assessor Parcel Number 7465015037
Community Details
Building Details
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,318
- Insurance Expense $5,491
- Maintenance Expense $18,620
- Other Expense $3,200
- Professional Management Expense $25,099
- Trash Expense $3,840
- Water Sewer Expense $3,318
- New Taxes Expense $73,125
- Gross Income $473,688
- Net Operating Income $320,147
Additional Features
- 17 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/02/2017 01/02/17 | Sold | $5,100,000 | -21.5% | $328 / Sq Ft |
| 11/22/2016 11/22/16 | Price Changed | $6,500,000 | -13.3% | $418 / Sq Ft |
| 10/21/2016 10/21/16 | For Sale | $7,500,000 | -- | $482 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2017
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
35 in this area
5,802 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16730849
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.
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
Nearby Homes
- 661 W 26th St
- 2613 S Kerckhoff Ave
- 2708 S Carolina St
- 2628 S Kerckhoff Ave
- 765 W 26th St Unit 308
- 2424 S Gaffey St Unit 101
- 665 W 24th St Unit 101
- 665 W 24th St Unit 208
- 2433 S Gaffey St
- 2616 S Denison Ave
- 2840 S Carolina St
- 2800 Baywater Ave Unit 6
- 741 W 24th St Unit 25
- 560 W Hamilton Ave
- 776 W 25th St
- 823 W 25th St
- 667 W 22nd St
- 546 W 23rd St
- 735 W 30th St
- 2220 S Pacific Ave
- 2624 S Peck Ave
- 2631 S Carolina St
- 644 W 27th St
- 2625 S Carolina St
- 667 W 26th St
- 2627 S Peck Ave
- 2606 S Peck Ave Unit 1
- 2616 S Peck Ave
- 2610 S Peck Ave
- 2639 S Peck Ave
- 2625 S Peck Ave
- 2611 S Carolina St
- 645 W 27th St
- 2702 S Peck Ave Unit 3
- 2702 S Peck Ave Unit 11
- 2702 S Peck Ave Unit 4
- 2702 S Peck Ave Unit 11
- 2702 S Peck Ave Unit 10A
- 2702 S Peck Ave Unit 1
- 2702 S Peck Ave Unit 8