$858,000
$858,000
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5,118 Sqft Lot
SOLD DATE : 11/04/2024
Key Details
Sold Price $858,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24176071
Sold Date 11/04/24
HOA Y/N No
Year Built 1951
Lot Size 5,118 Sqft
Property Description
A well-maintained 3-plex in the highly desirable Point Fermin area of San Pedro is a great investment with strong rental income potential from day one... Two of the one-bedroom, one-bath units are already rented at $1,750 and $1,776 per month, while the vacant unit can be rented at market rates, potentially up to $2,407 under the Section 8 program.
**For owner-occupants, the vacant unit provides an opportunity to live on-site while generating rental income. Each unit features its own water heater, upgraded kitchen and bathroom, and a private rear patio. Additionally, there are three attached garages—one currently rented for $160 per month—which could be converted into an Accessory Dwelling Unit (ADU) for added income.
Location
State CA
County Los Angeles
Area 181 - Point Fermin
Zoning LAR2
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Parking Type Garage
Total Parking Spaces 3
Private Pool No
Building
Lot Description Level, Rectangular Lot, Walkstreet
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7456035001
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing VA
Special Listing Condition Standard
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Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
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Broker Associate | Lic# 01905244