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629 633 W 8th ST San Pedro, CA 90731
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Key Details
Sold Price $1,050,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,716 sqft
Price per Sqft $282
MLS Listing ID SB20171932
Sold Date 06/18/21
HOA Y/N No
Year Built 1905
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Opportunity for investors to purchase a well-maintained apartment complex at 5.14% Cap Rate on existing income. In addition, there is currently a vacant garage and 3 storage areas that can be rented for additional income. It is a charming two-story walk-up apartment complex consisting of 5 one-bedroom units.
The property consists of in two separate buildings on one lot. Four out of five units have been completely renovated with granite counter tops, new cabinets, new tankless water heaters and laminate wood flooring throughout. The property is separately metered for gas and electric and is easy to maintain.
It is located in one of the strongest rental areas of San Pedro and boasts growing demand from tenants. Centrally located between Downtown, Ports O' Call Village and San Pedro Marina, the asset is poised to take advantage of the continued revitalization of Downtown and Waterfront Enhancement Project and offers easy access to shops, dining, entertainment and transportation. LOCATED IN AN OPPORTUNITY ZONE
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Zoning LAC2
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage None
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs
View Y/N No
View None
Parking Type None
Total Parking Spaces 1
Private Pool No
Building
Lot Description Level, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7454005010
Energy Description 897.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Gustavo Arias • First Team Real Estate
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