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418 W 6th Street

San Pedro, CA 90731
  • $2,599,000
  • STATUS: Active
  • ON SITE: 113 Days
  • ID#: SB23148940
UPDATED: 78 min ago
$2,599,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Listing Agent(s): Michael Edwards of Tower-60 (310-877-6488)


Description

Rare opportunity to own a mixed-use property in prime downtown San Pedro! This property features 12 updated studios, 2 retail stores, and a detached single family 2 bedroom house with private alley access. Enjoy the tranquil setting of the private courtyard with lemon and peach trees, as well as the convenience of on-site laundry and walking distance to shopping and dining. Only three blocks to the new re-developed Ports O Call and one block to San Pedro Brewing Co. The studios are spacious and bright, with updated kitchen cabinets, new windows, low flow toilets, pedestal sinks, classic claw foot tubs, and copper plumbing. The studios have had seismic work improvements along with updated alarm/fire systems for safety and peace of mind. New roof installed on main building in May 2023. All units individually metered, tenants pay electricity and gas. Retail stores are located on the ground floor of the main building, facing a busy street with high visibility and foot traffic. Dont miss this chance to own a one-of-a-kind property in a prime location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T20:34:03.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/142367076
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418 W 6th Street San Pedro, CA 90731

  • Price: $2,599,000
  • Status: Active
  • On Site: 113 Days
  • Updated: 78 min ago
  • ID#: SB23148940
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1912
Built
Neighborhood:
193 - San Pedro - North
County:
Los Angeles
Area:
193 - San Pedro - North
Property Description
Rare opportunity to own a mixed-use property in prime downtown San Pedro! This property features 12 updated studios, 2 retail stores, and a detached single family 2 bedroom house with private alley access. Enjoy the tranquil setting of the private courtyard with lemon and peach trees, as well as the convenience of on-site laundry and walking distance to shopping and dining. Only three blocks to the new re-developed Ports O Call and one block to San Pedro Brewing Co. The studios are spacious and bright, with updated kitchen cabinets, new windows, low flow toilets, pedestal sinks, classic claw foot tubs, and copper plumbing. The studios have had seismic work improvements along with updated alarm/fire systems for safety and peace of mind. New roof installed on main building in May 2023. All units individually metered, tenants pay electricity and gas. Retail stores are located on the ground floor of the main building, facing a busy street with high visibility and foot traffic. Dont miss this chance to own a one-of-a-kind property in a prime location!
Exterior Features

Construction Materials Copper Plumbing Entry Level 1 Entry Location 2 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 14 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Wood Heating Wall Furnace Heating YN Yes Interior Features BalconyMultiple Staircases

Property Features

Additional Parcels YN No Common Interest None Community Features Storm Drain(s)Street LightsSidewalks Contingency Buyer to corporate with sellers 1031 exchange at no cost to buyer. Disclosures Rent Control Electric Expense 1800 Fuel Expense 0 Garage YN No Gross Income 140200 Gross Scheduled Income 163200 Insurance Expense 12000 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 140200 New Construction YN No Number Of Separate Gas Meters 14 Number Of Separate Water Meters 1 Number Of Units Leased 13 Operating Expense 23000 Possession See Remarks Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 13600 Trash Expense 1200 Water Sewer Expense 8000 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T20:34:03.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Michael Edwards of Tower-60 (310-877-6488)