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INVESTMENT HIGHLIGHTS
- Separate Meters for Gas and Electric
- Units have Basements
- Alley Access with 1 Garage Parking
EXECUTIVE SUMMARY
Located near Downtown San Pedro and the major Waterfront project, this 2 Unit residential property features 2 detached units. Units are 2 bed/ 1 bath and 1 bed + bonus room/1 bath that has been remodeled and recently rented. The rear unit has a 1 car garage parking and a front yard. Each unit has its own washer/dryer hookups, water heaters with separate gas and electric meters. Front unit is Month to Month. Front Unit is approx 1,176 SF and the Rear unit is approx 756 SF. The property is located near the Historic Downtown San Pedro District. There are many retail, dining and bar options. There is a Trolly that runs from Cabrillo Marina/Beach to the LA Waterfront. Also, a new West Harbor Waterfront development project with approx. 375,000 SF of retail, dining, and entertainment. To be completed by 2025.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$45,996
|
$23.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,996
|
$23.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,887
|
$6.67
|
| Net Operating Income |
$33,109
|
$17.14
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $45,996 |
| Annual Per SF | $23.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $45,996 |
| Annual Per SF | $23.81 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,887 |
| Annual Per SF | $6.67 |
| Net Operating Income | |
|---|---|
| Annual | $33,109 |
| Annual Per SF | $17.14 |
PROPERTY FACTS
| Price | $798,000 | Building Class | C |
| Price Per Unit | $399,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,932 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1929/2024 |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Two-Family Dwellings | ||
| Price | $798,000 |
| Price Per Unit | $399,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,932 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1929/2024 |
| Zoning | R2 - Two-Family Dwellings |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,658 | 1,176 |
| 1+1 | 1 | $2,175 | 756 |
1 1
Walk Score®
Walker's Paradise (94)
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Biker's Paradise (94)
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362 W 11th St
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