Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
21
Photos
643 W 15th Street, San Pedro, CA 90731
$775,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
2,148
sqft
Built in
1917
UPDATE: One unit to become vacant end of August!! We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint, and a newer roof, and each tenant has its own in-unit laundry. From a pricing standpoint, this property is being offered at a favorable $387,500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rent Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located not only near the Port but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and, in effect, offers tenants easy access to the booming economic and employment hubs of both counties. For these reasons, the astute investor can confidently forecast continued population and median household income growth within the submarket, thus driving prolonged rent growth upon acquisition.
Features & Amenities
Interior
- Laundry:
- Laundry Room
- A/C:
- Wall/Window
- Fireplace:
- N/K
Exterior
- Pool:
- None
- Parking:
- Parking spaces: 2
Construction
- General:
- 1 Story
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- Los Angeles
Lot
- Zoning:
- LAR2, 7454031003
- View:
- N/K
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- California Regional MLS
This listing courtesy of:
Lyon Stahl Investment Real Est, Daniel Hopkins
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About San Pedro, CA
Housing
- Number of Units
- 31,989
- Median Home Value
- $635,324
- Median Rent
- $1,353
56.10% of housing units are renter occupied.
5.14% are vacant.
Commute
- Car
-
68.72%
- Public Transportation
-
3.19%
- Walk to Work
-
1.58%
- Work from Home
-
25.08%
- Other
-
0.85%
The median travel time to work is 24 minutes.
People
- Population
- 80,659
- Median Age
- 40.30
- Median Household Size
- 2.61
Education
- High School
-
25.33%
- Associate’s Degree
-
8.60%
- Bachelor’s Degree
-
19.62%
- Graduate Degree
-
10.17%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Similar Homes
-
Listing by Judi Reimer First Team Real Estate#DW24132057 -
Listing by Robby Moon Moon Realty#AR24132195 -
Listing by Tamas Batyi Compass#SB24065824 -
Listing by ALEJANDRO SOTO ALEJANDRO SOTO BROKER#IV24065518 -
Listing by ALEJANDRO SOTO ALEJANDRO SOTO BROKER#IV24051702 -
Listing by Charles Cooper New Age Realty#SB24003422
Interested in this home?
Request more information: