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Sold for $502,500 Closed

559 W 11th Street
San Pedro, CA 90731

3 units | Multi Family Home
5227 sq ft 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

  • # of Parking Spaces: 3.00
  • Appliances: Free Standing Range, Yes
  • Area: 185 - Plaza
  • Average 1 Bed Area: 567
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1702.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Street Lighting
  • Country: US
  • Direction Faces: North
  • Directions: Gaffey St to 11th St.
  • Flooring: Laminate
  • Garage Income: 295.00
  • Garage Rental Rate: 100.00
  • Garage Spaces: 3.00
  • Gardener Expense: 600.00
  • Gross Income: 2940.00
  • Gross Multiplier: 14.10
  • Gross Scheduled Income: 35280.00
  • Heating: Wall Heater, Yes
  • Insurance Expense: 1080.00
  • Listing Status: Closed
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Lot SqFt: 5066.028
  • MLS: MR
  • Net Operating Income: 26300.00
  • New Taxes Expense: 6000.00
  • Number Of Buildings: 2
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Operating Expense: 8980.00
  • Parking Spaces: 3.00
  • Property Attached: Yes
  • Property Type: Multi Family Home
  • Rent Control: Yes
  • Selling Agent: Gary Krill
  • Selling Office: Keller Williams Realty
  • Sold Date: 2017-06-27 00:00:00
  • Sold Price: 502500.00
  • Sub Type: Multi Family Home
  • Total Actual Rent: 2645.00
  • Total Expenses: 8980.00
  • Units: 3
  • Water Sewer Expense: 1300.00
  • Water Source: Public
  • Window Features: Double Pane Windows
  • Year Built: 1952
  • Year Built Source: Assessor
  • Zip Code: 90731
  • Zoning: LARD1.5