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Listing 1 out of 5
Sold for $795,000 Sold

920 S Alma Street
San Pedro, CA 90731

4 units | Multi Family Home
5449 sq ft - MLS# SB17172326
Property Photo

Sold

Sold for $795,000 on Nov 17, 2017

Description

Great opportunity to own a pride-of-ownership fourplex in the rapidly redeveloping coastal community of San Pedro. Located just a short drive from the ocean bluffs and beach is this wonderful building that consists of two 2 bedroom 1 bath units and two 1 bedroom 1 bath units. Attractive exterior and low-maintenance grounds create a good feel from the curb. There are three 1 car garages off the alley and a community laundry room is not currently in use but plumbing is in place. Property is under jurisdiction of LA City Rent Control ordinance. Lots of upside in the rents. This property makes a nice addition to any real estate portfolio. Seller will consider a credit through escrow for the cost of tenant relocation if a buyer wants to live in one of the units.

Features

  • # of Parking Spaces: 3.00
  • Appliances: Gas Stove
  • Appliances YN: Yes
  • Area: 183 - Vista Del Oro
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2783.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 01762960
  • Co-Listing Office License: 01501084
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks, Street Lighting
  • Country: US
  • Directions: 9th St. to Alma and building is on East side of street between 9th St & 10th St
  • Electric Expense: 600.00
  • Flooring: Carpet, Tile, Vinyl
  • Garage Spaces: 3.00
  • Gardener Expense: 540.00
  • Gross Income: 48228.00
  • Gross Multiplier: 17.20
  • Gross Scheduled Income: 48228.00
  • Heating: Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 1300.00
  • Laundry Features: Community, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01086159
  • Listing Office License: 01501084
  • Listing Status: Closed
  • Lot Features: Yard
  • Lot Size: 0.1251
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 31738.00
  • New Taxes Expense: 10200.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 16490.00
  • Parking Features: Garage
  • Parking Spaces: 3.00
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Property Type: Multi Family Home
  • Rent Control YN: Yes
  • Roof: Shingle
  • Selling Agent: Michael Harper
  • Selling Agent License: 01381971
  • Selling Office: Keller Williams Palos Verdes
  • Sold Date: 2017-11-17 00:00:00
  • Sold Price: 795000.00
  • Stories Total: 2
  • Sub Type: Multi Family Home
  • Total Actual Rent: 4019.00
  • Total Expenses: 16490.00
  • Units: 4
  • Water Sewer Expense: 4200.00
  • Water Source: Public
  • Year Built: 1951
  • Year Built Source: Assessor
  • Zip Code: 90731
  • Zoning: LARD1.5
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