467 W 12th Street
San Pedro, CA, 90731
$808,000
Beds
0 Baths
SqFt
0.11 Acres
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Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017' others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo. each' 1 garage is owners’. ***Tenants pay their own gas, electric and trash' landlord only pays for the DWP Water service. One tenant is Section 8 and pays $1,795' Other two tenants are NOT Section 8 and pay $1,011 for 1 Bedroom and $919 for 2 Bedroom. ***Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportation. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.

Property Details

Price:
$808,000
MLS #:
SB24127790
Status:
Active
Baths:
0
Address:
467 W 12th Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
185plaza
City:
San Pedro
Listed Date:
Jun 24, 2024
State:
CA
ZIP:
90731
Lot Size:
4,986 sqft / 0.11 acres (approx)
Year Built:
1948
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Interior

Exterior

Community Features
Sidewalks, Street Lights, Urban
Garage Spaces
3.00
Lot Features
Walkstreet
Parking Features
Garage Faces Rear
Parking Spots
3.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public

Financial

Tenant Pays
Electricity, Gas, Trash Collection

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467 W 12th Street
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