Seller's Agent in 2022
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
25 in this area
95 Total Sales
904 S Centre St San Pedro, CA 90731
--
Bed
--
Bath
2,760
Sq Ft
3,016
Sq Ft Lot
Highlights
- No HOA
- Rectangular Lot
- 3-minute walk to Anderson Memorial Playground
- Laundry Room
- Front Yard
About This Home
As of February 2022Immaculate 11-Unit Single Room Occupancy asset located in the heart
of San Pedro at 904 S Centre St. Offered at only $1.045M, new buyers
can take advantage of this Value-Add property offering strong current
income, as well as fantastic pro-forma numbers. The property is
currently operating at 5.09% CAP, with room to grow the CAP to 7.64%.
Over 20% available in monthly rental income!
904 S Centre St features a unit mix of (11) Single Room Occupancy
units, offered at only $95k/Unit. These units have been upgraded including
its floors, paint, countertops and appliances. There is also a
laundry room on site for all tenants.
The subject property is located just steps from Downtown San Pedro, an
area with an ample amount of quality restaurants, shops and nightlife.
There are Millions of $ worth of new developments in close proximity to
the property such as the San Pedro Waterfront Promenade, as well as
brand new apartment buildings, condos and retail shops. Brand new
condo complex just a block away are selling an average of $850k each!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 09/01/2021
Last Buyer's Agent
Ari Gharib
LFA Multifamily Inc. License #01981194
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 3,016 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Front Yard
Home Design
- Property Attached
Interior Spaces
- 2,760 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Laundry Room
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 30 / 56
- Tax Tract Number 2971
- Assessor Parcel Number 7455024030
Community Details
Overview
- No Home Owners Association
- 11 Units
Amenities
- Laundry Facilities
Building Details
- 11 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Operating Expense $41,826
- Gross Income $97,992
- Net Operating Income $53,226
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 |
|---|---|---|---|---|
| 02/01/2022 02/01/22 | Sold | $995,000 | -4.8% | $361 / Sq Ft |
| 12/16/2021 12/16/21 | Pending | -- | -- | -- |
| 09/29/2021 09/29/21 | Price Changed | $1,045,000 | -0.5% | $379 / Sq Ft |
| 09/01/2021 09/01/21 | For Sale | $1,050,000 | 0.0% | $380 / Sq Ft |
| 08/16/2021 08/16/21 | Price Changed | $1,050,000 | -- | $380 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
10 in this area
182 Total Sales
-
A
Buyer's Agent in 2022
Ari Gharib
LFA Multifamily Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21164642
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