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Listed by Ruben Khorsandi • Alliance Investment RE Group
$3,285,000
Est. payment /mo
0.27 Acres Lot
Price Dropped by $300K
989 W 2nd ST San Pedro, CA 90731
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25136753
Year Built 1959
Lot Size 0.273 Acres
Source California Regional MLS
Property Description
PRICE IMPROVEMENT!! PORTFOLIO SALE--3 SIDE-BY-SIDE TRIPLEXES ON SEPARATE APNs: We are pleased to offer for sale this well-located property portfolio in the highly desirable Holy Trinity rental market of San Pedro. This asset consists of 3 Triplexes on 3 separate APNs--977, 983 and 989 2nd Street. There's also an excellent unit mix of ALL SINGLE STORY 2 bedroom units--6 of which have been completely renovated with new kitchens, bathrooms, and flooring! The exterior has also been renovated with new paint, and vinyl windows. There is also central A/C units and in unit washer and dryer hook-ups in each unit and garages for tenants to enjoy. The property is also individually metered for gas and electric along with individual water heaters for each unit which keeps operating expenses low for the owner. Actual in place rents are also very strong allowing a new owner to have great cash flow from day 1 without the need to significantly raise rents. Property also qualifies for 30 year fixed residential financing. Property is centrally located near 110 freeway, 710 freeway, Vincent Thomas Bridge as well as major shopping centers, international Cruise Ship Terminals, and the San Pedro Waterfront development. INVESTORS WELCOME!
Location
State CA
County Los Angeles
Area 187 - Holy Trinity
Interior
Cooling Central AC
Laundry In Kitchen
Exterior
Parking Features Assigned Spaces
Garage Spaces 6.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 7451013030
Special Listing Condition Not Applicable
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