San Pedro, CA 90731,680 W 18th ST
San Pedro, CA 90731,680 W 18th ST
San Pedro, CA 90731,680 W 18th ST
36
$1,000,000
$1,100,000
9.1%
Est.Price: ?

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3,516 SqFt

680 W 18th ST San Pedro, CA 90731

Est. payment /mo
SOLD DATE : 07/02/2024

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Key Details

Sold Price $1,000,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,516 sqft

Price per Sqft $284

MLS Listing ID SB24033109

Sold Date 07/02/24

HOA Y/N No

Year Built 1970

Lot Size 5,000 Sqft

Property Description

Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area.

Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment.

Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront & Amphitheater Development and a growing music and brewery scene are just some of the reasons to "explore more". This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand.

Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase for existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.

Location

State CA

County Los Angeles

Area 185 - Plaza

Zoning LAR2

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Fireplace No

Laundry See Remarks

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking, Curbs, Dog Park, Fishing, Gutter(s), Hiking, Park, Preserve/Public Land, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7462005026

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by Ante Perkov • Capwest Real Estate • 3107809071
Bought with Tatiana Mardesic • The Realty Group

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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