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    601 W 13Th Street

    San Pedro, CA 90731
    • $1,949,000
    • STATUS: Active
    • ON SITE: 160 days
    • ID#: 20655444
    UPDATED: 91 min ago
    $1,949,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,331
      SQFT
    • $366
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Description

    A unique, plus one opportunity for a savvy Buyer. This 9 unit property was, in the past, operated as a 10 unit. It currently has a Studio unit that is CURRENTLY IN THE PROCESS OF BEING REGISTERED as an Additional Dwelling Unit (aka ADU). This additional income should bump up the gross income as much as an additional $18,000 per year. Buyer to verify. This nice, 9,000 square foot corner lot location is walking distance to the $150MM, San Pedro Waterfront Redevelopment anchored by Gladstones. 150K square feet of retail and dining, 30K of office, and 89K square feet of existing wharf and floating dock space. The property has been upgraded, as needed, as units have turned over new windows and refurbished interiors. An almost 5% cap opportunity day one and 6.3% on market rents AND THEN OVER A 7% CAP PROFORMA WITH THE ADDITION OF POTENTIAL ADU INCOME.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T18:24:36.733. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/111607154
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    601 W 13Th Street San Pedro, CA 90731

    • Price: $1,949,000
    • Status: Active
    • Updated: 91 min ago
    • ID#: 20655444
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    5,331
    SQFT
    $366
    $/SQFT
    1921
    Built
    Neighborhood:
    185 - Plaza
    County:
    Los Angeles
    Area:
    185 - Plaza
    Property Description
    A unique, plus one opportunity for a savvy Buyer. This 9 unit property was, in the past, operated as a 10 unit. It currently has a Studio unit that is CURRENTLY IN THE PROCESS OF BEING REGISTERED as an Additional Dwelling Unit (aka ADU). This additional income should bump up the gross income as much as an additional $18,000 per year. Buyer to verify. This nice, 9,000 square foot corner lot location is walking distance to the $150MM, San Pedro Waterfront Redevelopment anchored by Gladstones. 150K square feet of retail and dining, 30K of office, and 89K square feet of existing wharf and floating dock space. The property has been upgraded, as needed, as units have turned over new windows and refurbished interiors. An almost 5% cap opportunity day one and 6.3% on market rents AND THEN OVER A 7% CAP PROFORMA WITH THE ADDITION OF POTENTIAL ADU INCOME.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 143940.00 Gross Multiplier 13.54 Gross Operating Income 139622.00 Net Operating Income 94947.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 44675.00 Zoning Lard1.5

    Listing provided courtesy of Brice Head of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T18:24:36.733. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691