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663 W 13Th Street

San Pedro, CA 90731
  • $2,095,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 21106301
UPDATED: 58 min ago
$2,095,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1967
County:
Area:

School Ratings & Info

Listing Agent: Jonathan Weir of Marcus & Millichap


Description

We are pleased to present a one of a kind modern coastal affordable multifamily property located 663 W 13th st. This abnormally large sized 6 unit property is comprised of all 2 bedroom floorplans with 4/6 units being completely renovated. Ownership has meticuilosuly cared for exterior and interior condition and has raised 66% of the units to market rents. A new owner can benefit from immediate cash flow, a turnkey asset located in a gentrifying area, and units that will always be in high demand. Tons of parking in the rear of the property in addition to street parking. Located just a few parcels from Gaffey, tenants can enjoy accessibility to major retailers, the freeway, and other nearby attractions. Should an investor elect to purchase with "interest only' financing, they can expect above average yield upon acquisition.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. 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 The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123387066
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663 W 13Th Street San Pedro, CA 90731

  • Price: $2,095,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 58 min ago
  • ID#: 21106301
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1967
Built
Neighborhood:
185 - Plaza
County:
Los Angeles
Area:
185 - Plaza
Property Description
We are pleased to present a one of a kind modern coastal affordable multifamily property located 663 W 13th st. This abnormally large sized 6 unit property is comprised of all 2 bedroom floorplans with 4/6 units being completely renovated. Ownership has meticuilosuly cared for exterior and interior condition and has raised 66% of the units to market rents. A new owner can benefit from immediate cash flow, a turnkey asset located in a gentrifying area, and units that will always be in high demand. Tons of parking in the rear of the property in addition to street parking. Located just a few parcels from Gaffey, tenants can enjoy accessibility to major retailers, the freeway, and other nearby attractions. Should an investor elect to purchase with "interest only' financing, they can expect above average yield upon acquisition.
Exterior Features

Parking Features Covered Parking Total 6

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Income 141468 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 87787 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. 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 The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Jonathan Weir of Marcus & Millichap