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Sold for $502,500 Closed

559 W 11th Street
San Pedro, CA 90731

3 units | Multi Family Home
0.12 acre lot - MLS# SB17105590
Property Photo
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Sold

Sold for $502,500 on Jun 27, 2017

Description

Nice low-maintenance triplex is a great addition to your real estate portfolio. Very close to the LA Waterfront which is in the beginning stages of a major redevelopment. Interiors are in decent condition. All windows have been replaced with dual-pane vinyl. Three one-car garages are rented separate from the units. With a GRM of 14.1 and a CAP of 5.3 this one is right in line with the recent comps. Property is under LA city rent control ordinance.

Features

  • Zoning: LARD1.5
  • Operating Expense: 8980.00
  • Number Of Separate Water Meters: 1
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Rented Garages: 3
  • Number Of Buildings: 2
  • New Taxes Expense: 6000
  • Net Operating Income: 26300
  • MLS: MR
  • Lot SqFt: 5066.028
  • Lot Size Units: Square Feet
  • Lot Size Source: Assessor
  • Parking Spaces: 3.00
  • Property Attached: Yes
  • Zip Code: 90731
  • Year Built Source: Assessor
  • Year Built: 1952
  • Window Features: Double Pane Windows
  • Water Source: Public
  • Water Sewer Expense: 1300
  • Units: 3
  • Total Expenses: 8980.00
  • Total Actual Rent: 2645
  • Sub Type: Multi Family Home
  • Rent Control: Yes
  • Property Type: Multi Family Home
  • Lot Size Area: 5064.0000
  • Lot Features: Level with Street
  • Community Features: Curbs, Street Lighting
  • Common Walls: 2+ Common Walls
  • Close Price: 502500
  • Close Date: 2017-06-27
  • Building Area Units: Square Feet
  • Building Area Total: 1702
  • Average Studio Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 1 Bed Area: 567
  • Area: 185 - Plaza
  • Appliances: Free Standing Range, Yes
  • Country: US
  • Direction Faces: North
  • Listing Status: Closed
  • Insurance Expense: 1080
  • Heating: Wall Heater, Yes
  • Gross Scheduled Income: 35280
  • Gross Multiplier: 14.10
  • Gross Income: 2940
  • Gardener Expense: 600
  • Garage Spaces: 3.00
  • Garage Rental Rate: 100.00
  • Garage Income: 295.00
  • Flooring: Laminate
  • Directions: Gaffey St to 11th St.
  • # of Parking Spaces: 3.00
Based on information from California Regional Multiple Listing Service, Inc. as of 2017-08-21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.