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Sold for $1,050,000 on 12/14/23
  • Listing Provided by: 

    Kristofer Denton DRE #01956052 310-683-8253,

    Bayside,

    Stephanie Denton DRE #01956051 310-683-8227,

    Bayside

    Bought with: First Team Real Estate
    $1,050,000

    1715 S Cabrillo Ave, San Pedro, CA 90731

    4beds
    4baths
    2,476sqft
    Quadruplex
    Built in 1921
    -- sqft lot
    $1,035,000 Zestimate®
    $424/sqft
    $2,542 Estimated rent

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    $2,542/mo

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    $2,542/mo

    Rent Zestimate®

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    $6,636/mo

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    $6,636/mo

    Est. payment

    What's special

    Don't miss this opportunity to bolster your investment portfolio with a prime 4-unit apartment building in this constantly growing seaside town. This property features two free-standing bungalows and separate duplex, currently bringing in close to a 5% cap rate in San Pedro's thriving real estate market. Strong current cash flow, an excellent appreciation potential, and value-add opportunities make this property a winning addition to your portfolio. Unlimited investor potential... add coin-op laundry facility, possible ADU for additional revenue, & rental increases over time. No lapses in rent payment throughout Covid. Public transportation nearby. Total current rents of $5,947 monthly. Each unit has its own gas & electric meter. Owner currently pays water & gardener. Just a few minute stroll from the Ports O’ Call Village Waterfront! The second phase of this Multi-Million dollar LA Waterfront revitalization project now under way. This will bring 42 acres of new restaurants, shopping, outdoor amphitheater, office space, entertainment and dog parks... perfect for future increased rental demand and value add. 2 - 2 bedroom, 1 bath units 1 - Studio, 1 bath freestanding bungalow 1 - Studio, 1 bath freestanding bungalow Buyer to satisfy their own investigations for all current revitalization projects, details of LA City regulations, and RSO.

    Zillow last checked: 8 hours ago

    Listing updated: December 14, 2023 at 04:17pm

    Listing Provided by:

    Kristofer Denton DRE #01956052 310-683-8253,

    Bayside,

    Stephanie Denton DRE #01956051 310-683-8227,

    Bayside

    Bought with:

    Shaun Hurley, DRE #00870450

    First Team Real Estate

    Source: CRMLS,MLS#: SB23186883MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Primary bedroom
    • Features: Main Level Primary
    Bedroom
    • Features: Bedroom on Main Level
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
    • Laundry: None
    Features
    • Bedroom on Main Level, Main Level Primary
    • Flooring: Laminate, Tile
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 2,476
    • Total interior livable area: 2,476 sqft

    Property

    Parking
    • Parking features: None, On Street
    Features
    • Entry location: Ground Floor
    • Pool features: None
    • Spa features: None
    • Fencing: New Condition,Vinyl
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 4,502 sqft
    • Features: Street Level, Zero Lot Line
    Details
    • Parcel number: 7462003030
    • Zoning: LAR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1921

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Street Lights
    Location
    • Region: San Pedro

    HOA & financial

    Other financial information
    • Total actual rent: 71364

    Other

    Other facts
    • Listing terms: Cash,Conventional
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    Estimated market value
    $1,035,000