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Sold for $795,000 Closed

920 S Alma Street
San Pedro, CA 90731

4 units | Multi Family Home
5663 sq ft lot - MLS# SB17172326
Property Photo
1/22

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, 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
  • 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, Yes
  • Insurance Expense: 1300.00
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Listing Status: Closed
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Lot SqFt: 5449.356
  • MLS: MR
  • 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: Yes
  • Parking Features: Garage
  • Parking Spaces: 3.00
  • Property Attached: Yes
  • Property Type: Multi Family Home
  • Rent Control: Yes
  • Roof: Shingle
  • Selling Agent: Michael Harper
  • 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