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1134 W 22nd ST San Pedro, CA 90731
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Key Details
Sold Price $2,825,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20223480
Sold Date 02/05/21
HOA Y/N No
Year Built 1972
Lot Size 10,890 Sqft
Acres 0.25
Property Description
1134 West 22nd Street is a 12-unit apartment building in San Pedro, California located just steps from Leland Elementary School. This offering presents an excellent opportunity to renovate and reposition an asset with a desirable unit mix in a redeveloping coastal market and capture over 45 percent rental upside. The asset is a 1972 construction with seven two-bedroom/one-bath and five one-bedroom/one-bath units that are separately metered for gas and electricity. The property has copper plumbing and also offers on-site laundry, 20 parking spaces, and balconies for 11 of the 12 units.
Substantial recent improvements include $24,000 spent on extensive roof work with top-of-the-line elastomeric roof coating on the entire roof and $9,000 spent on a new garage gate opener and equipment upgrades. Furthermore, the building has been inspected and determined to be exempt from the city’s soft retrofit requirement (buyer to verify).
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Zoning LAR2
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 20.0
Garage Description 20.0
Pool None
Community Features Urban
Total Parking Spaces 20
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7460029033
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Vanessa Joeckel • HouseMe Realty