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$808,000
Est. payment /mo
4,986 Sqft Lot
UPDATED:
08/25/2024 03:29 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24127790
Originating Board California Regional MLS
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. One tenant is Section 8 and pays $1,795; Other two tenants are NOT Section 8 and pay $1,011 for 1 Bedroom and $919 for 2 Bedroom. ***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
Area 185 - Plaza
Interior
Laundry None
Exterior
Garage Garage
Garage Spaces 3.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 7456008005
Special Listing Condition Not Applicable
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© 2024 MLSListings Inc. All rights reserved.
Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
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