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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$ 750,000
Est. payment /mo
Active
467 West 12th Street San Pedro, CA 90731
1,596 SqFt
UPDATED:
12/12/2024 04:32 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,596 sqft
Price per Sqft $469
MLS Listing ID SB-24127790
Year Built 1948
Lot Size 4,986 Sqft
Property Description
Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo. each; 1 garage is owners'. ***Tenants pay their own gas, electric and trash; landlord only pays for the DWP Water service. ***Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportation. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Laundry None
Exterior
Parking Features Garage Faces Rear
Garage Spaces 3.0
Pool None
Community Features Sidewalks, Street Lights, Urban
Building
Lot Description Walkstreet
Sewer Public Sewer