The subject property is an extremely well maintained 7 unit apartment complex with excellent curb appeal, located on 21st Street in San Pedro. The present owner has made extensive upgrades to this property over the past few years including: new roofs, rain gutters, new windows, new garage doors, exterior & interior paint, kitchen appliances, heaters, landscaping, plumbing, decking, wrought iron railing and sewer line. Many units have new kitchen cabinets and flooring. There are 7 garages onsite and 2 open spaces in front. All units are individually metered for gas & electric and tenants also pay for the trash service. There is a landlord owned laundry room onsite with 2 washers and 2 dryers that generate $1,800 per year in income. The front building (635 21st Street) is a two story 4-plex that was constructed in 1989 (Certificate of Occupancy dated 9/19/1989). The unit mix consists of a 3+1, 2+1, 3+3, and a 2+2 unit mix and one garage. The rear building (641 21st Street) is a two story 3-plex that was built in 1963 and all units are 2 bedroom 1 bath units. At current rents, the property is priced to sell at 12.9 GRM & a 5.09% CAP rate!!! THIS PROPERTY IS SUBJECT TO THE CITY OF LOS ANGELES LADBS SOFT-STORY RETROFIT PROGRAM. (Cost of said Retrofit is Reflected in the Price) Please visit LA DBS website for more information.
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This Multi-Family home
for sale in San Pedro, CA
is currently listed for $1,550,000.
Featuring a lot size of 10,000 Sq. Ft.,
635 W 21st Street
was built in 1963 and
has been on ERA.com for 63 days.
This listing is provided courtesy of RE/MAX COMMERCIAL & INVESTMENT.
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ERA Matilla Realty
225 Culver Boulevard
Playa Del Rey, CA 90293
Steven Luc Matilla, CAL BRE 00398688
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Data last updated: Monday, December 5, 2016 at 10:53 PM. Properties in listings may have been sold or may no longer be available.