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740 W 21st Street

San Pedro, CA 90731
  • $1,288,800
  • STATUS: Active
  • ON SITE: 75 Days
  • ID#: TR23175514
$1,288,800
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Samir Rai of Keystone Realty Group (909-994-9090)


Description

Welcome to a prime 4-plex waiting to elevate your real estate portfolio to new heights. Large 4-unit apartment building only blocks from Cabrillo Marina and the beach. Great unit mix with 100% large 2-bedroom, 1-bathroom units. Huge upside in rents on market rents. Off-street tuck under parking for 4 cars. Laundy income with laundry room in the building. Excellent Vista Del Oro location, blocks away from multi-million dollar LA Waterfront Redevelopment, booming downtown San Pedro, Cabrillo Marina, Angel's Gate Park, and the beach. Quiet residential street in a dense, low-vacancy market. Situated near LA's newest destination a sprawling 42-acre area boasting direct waterfront access your tenants will have access to an enticing array of attractions. From the proposed amphitheater, and charming waterside amenities, to the sprawling 20,000 SF proposed Mike Hess brewery your tenants will find themselves surrounded by excitement and leisure. Additionally, the area will be brimming with vibrant restaurants and hangout spots that promise an endless array of culinary delights and social interactions for tenants to relish. Become the landlord who offers their tenants not just a place to live but a flourishing community to call home. Embrace the potential to attract tenants seeking an enriched lifestyle where entertainment, leisure, and convenience are just a stone's throw away.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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/143539248
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740 W 21st Street San Pedro, CA 90731

  • Price: $1,288,800
  • Status: Active
  • On Site: 75 Days
  • ID#: TR23175514
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1962
Built
Neighborhood:
183 - Vista Del Oro
County:
Los Angeles
Area:
183 - Vista Del Oro
Property Description
Welcome to a prime 4-plex waiting to elevate your real estate portfolio to new heights. Large 4-unit apartment building only blocks from Cabrillo Marina and the beach. Great unit mix with 100% large 2-bedroom, 1-bathroom units. Huge upside in rents on market rents. Off-street tuck under parking for 4 cars. Laundy income with laundry room in the building. Excellent Vista Del Oro location, blocks away from multi-million dollar LA Waterfront Redevelopment, booming downtown San Pedro, Cabrillo Marina, Angel's Gate Park, and the beach. Quiet residential street in a dense, low-vacancy market. Situated near LA's newest destination a sprawling 42-acre area boasting direct waterfront access your tenants will have access to an enticing array of attractions. From the proposed amphitheater, and charming waterside amenities, to the sprawling 20,000 SF proposed Mike Hess brewery your tenants will find themselves surrounded by excitement and leisure. Additionally, the area will be brimming with vibrant restaurants and hangout spots that promise an endless array of culinary delights and social interactions for tenants to relish. Become the landlord who offers their tenants not just a place to live but a flourishing community to call home. Embrace the potential to attract tenants seeking an enriched lifestyle where entertainment, leisure, and convenience are just a stone's throw away.
Exterior Features

Carport Spaces 4 Carport YN Yes Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Features Attached Carport Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Appliances Washer Common Walls No Common Walls Cooling See Remarks Cooling YN Yes Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(S)Street LightsUrban Disclosures Familial RelationPrincipal is Real Estate Licensed Electric Expense 350 Fuel Expense 0 Garage YN No Gross Income 72100 Gross Scheduled Income 72100 Insurance Expense 2450 Land Lease YN No Laundry Features Washer HookupInsideLaundry RoomSee Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeVa Loan Net Operating Income 54120.5 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Operating Expense 17979 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGasSee Remarks Trash Expense 1250 Water Sewer Expense 2450 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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): Samir Rai of Keystone Realty Group (909-994-9090)