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340 W 11th ST San Pedro, CA 90731
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Key Details
Sold Price $1,395,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,736 sqft
Price per Sqft $294
MLS Listing ID PW21123513
Sold Date 08/19/21
HOA Y/N No
Year Built 1964
Lot Size 4,791 Sqft
Acres 0.11
Property Description
The property is a two-story 1964 construction with four two-bedroom/one-bath units, two one-bedroom/one-bath units, and a non-conforming studio that a new investor may be able to legalize utilizing new ADU laws (buyer to verify). The building is securely gated, separately metered for gas and electricity, and offers shared on-site laundry, three single-car garages, and one two-car garage.
340 West 11th Street has been well-maintained and boasts numerous recent upgrades that include a complete $60,000 soft-story retrofit, hard-wired smoke alarms and gas shut-off valves to meet city code, a new central water heater. Additionally, Unit F has been renovated in the past year with new flooring, light fixtures, paint, blinds, and a new stove.
With 46 percent overall potential upside in rents, 340 West 11th Street is an excellent value-add opportunity in a dense rental market that is undergoing major redevelopment.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LAR2
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7456002015
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with NITANTH VANGALA • COLDWELL BANKER TOWN & COUNTRY