3531 S Peck Ave & 708 W 36th St, San Pedro. These two separate parcels feature 4 units (1BR / 1BA) with a total building area of approximately 3,144 SF and situated on approximately 8,751 SF of land. Located in the desirable coastal neighborhood of Point Fermin in San Pedro, this unique investment opportunity is located adjacent to a park on the west, near beaches and local amenities, highly attractive to potential renters or a potential owner user. These properties have partial ocean views and are situated on uncommonly larger plots of land for coastal cities offering potential for ADU additions or further development.
The total gross income expected is approximately $83,228 per year with Peck Rd units between $2067 – $2195 per month whereas 36th St is below market at $1,281 – $1,392. Each tenant is responsible for electricity (separately metered ) and the landlord pays for common area electricity, water/sewer, and gas. New owners seeking an immediate NOI boost can utilized "ratio utility billing" for utility charges beared by the landlord.
Earlier this year, the owners spend $32,000 on a new roof and $6,000 on landscaping.
The total gross income expected is approximately $83,228 per year with Peck Rd units between $2067 – $2195 per month whereas 36th St is below market at $1,281 – $1,392. Each tenant is responsible for electricity (separately metered ) and the landlord pays for common area electricity, water/sewer, and gas. New owners seeking an immediate NOI boost can utilized "ratio utility billing" for utility charges beared by the landlord.
Earlier this year, the owners spend $32,000 on a new roof and $6,000 on landscaping.
Property Details
Price:
$1,445,000
MLS #:
WS24152160
Status:
Active
Baths:
0
Address:
3531 S Peck Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
San Pedro
Listed Date:
Jul 23, 2024
State:
CA
ZIP:
90731
Lot Size:
8,751 sqft / 0.20 acres (approx)
Year Built:
1950
See this Listing
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Schools
Interior
Exterior
Community Features
Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Financial
Association Fee
0.00
Tenant Pays
Electricity
Map
Community
- Address3531 S Peck Avenue San Pedro CA
- Area699 – Not Defined
- CitySan Pedro
- CountyLos Angeles
- Zip Code90731
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Courtesy of LEE & ASSOC. COMM. R.E. SERV.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3531 S Peck Avenue
San Pedro, CA
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