635 W 15th Street, San Pedro, CA 90731

$3,350,000

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List Price
$3,350,000
Status
ACTIVE
MLS#
PV26103217
Year Built
1979
Lot Size
10,007
Acres
0.23
Lot Location
Landscaped, Rectangular Lot
Days on Market
69
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Three Or More Levels

Property Description

No LA rent control! Positioned in a prime San Pedro location, this 13-unit multifamily investment opportunity offers strong income potential with an attractive unit mix of nine (9) one-bedroom units and four (4) two-bedroom units. The property features community laundry facility, seventeen (17) on-site parking spaces. One unit is currently vacant, presenting immediate upside potential for an owner-user or the opportunity to achieve market rental rates. Ideally situated near the rapidly evolving San Pedro waterfront, the property benefits from close proximity to the highly anticipated West Harbor redevelopment — an over $150 million, 42-acre waterfront destination planned to include restaurants, shopping, fresh markets, office space, a scenic promenade, and an open-air amphitheater for live entertainment. This transformative development is expected to continue driving demand and long-term growth throughout the area, making this an exceptional opportunity for investors seeking both current cash flow and future appreciation potential.

Additional Information

Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Range Hood
Pool Description
None
Heat
Radiant
Cooling Description
None
View
None
Roof
Tile
Garage Spaces Total
17
Sewer
Public Sewer
Water
Public
Interior Features
Intercom
Attached Structure
Attached
Number Of Units Total
13
Gross Scheduled Income
$245,447
Operating Expense
103604

Listing courtesy of Listing Agent: Nicole Pletkovich (nicole@inmanteam.com) from Listing Office: Keller Williams Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.