There are multiple listings for this address:
UPDATE: One unit to become vacant at the 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.
Property Details
Price:
$775,000
MLS #:
PW24097243
Status:
Active Under Contract
Baths:
0
Address:
643 W 15th Street
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
699notdefined
City:
San Pedro
Listed Date:
May 3, 2024
State:
CA
ZIP:
90731
Lot Size:
5,002 sqft / 0.11 acres (approx)
Year Built:
1917
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Interior Features
Open Floorplan
Exterior
Community Features
Sidewalks
Electric
Standard
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre
Parking Features
Garage, Off Street
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address643 W 15th Street San Pedro CA
- Area699 – Not Defined
- CitySan Pedro
- CountyLos Angeles
- Zip Code90731
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Courtesy of Lyon Stahl Investment Real Est. 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.
643 W 15th Street
San Pedro, CA
UPDATE: One unit to become vacant at the 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.
Property Details
Price:
$775,000
MLS #:
PW24097553
Status:
Active Under Contract
Beds:
4
Baths:
2
Address:
643 W 15th Street
Type:
Single Family
Subtype:
Duplex
Neighborhood:
699notdefined
City:
San Pedro
Listed Date:
May 3, 2024
State:
CA
Finished Sq Ft:
2,148
ZIP:
90731
Lot Size:
5,002 sqft / 0.11 acres (approx)
Year Built:
1917
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Interior Features
Open Floorplan
Exterior
Community Features
Sidewalks
Electric
Standard
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre
Parking Features
Garage, Off Street
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address643 W 15th Street San Pedro CA
- Area699 – Not Defined
- CitySan Pedro
- CountyLos Angeles
- Zip Code90731
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