1235 W 24th St, San Pedro, CA 90731

Property Description

Welcome to 1233 & 1235 W. 24th St. in San Pedro. A very unique property that gives you the opportunity to purchase two move-in ready 3 bedroom 2 bath homes in a great area of San Pedro. If you thought you wanted a 3 bedroom 2 bath single family residence, maybe the $3250 monthly income you could get from the other unit to help with the mortgage makes more sense? Or maybe you're buying with a family member and need possession of both units? No rent control restrictions to deal with that make it almost impossible to get possession these days. Or maybe you're just an investor that wants to pick his or her own tenants and start with current market rents? This one makes sense at 15.4 x gross projected income and a 4.8 cap rate. Front home is vintage 1950s construction and has been impeccably maintained. It features a freshly painted interior, refinished oak hardwood floors throughout, charming eat-in kitchen, indoor laundry room, forced air heating system and original but super clean tiled bathrooms. Rear unit was built in 1981 and has a unique design. On the lower level is a space that features a kitchen, laundry area and half bath. With a separate entrance it could make for a perfect in-law/guest quarters. Take the stairs to the upper unit that features new "Expresso" wood laminate flooring, large kitchen with dining area, spacious full bath with double sinks and 3 bedrooms. You also get peek-a-boo views of the harbor and ocean from the living area and balcony. There are no garages but there is covered parking for a few cars and driveway parking for at least another 6-8 cars. There's also a storage shed for your property maintenance items. Front yard is very nicely landscaped and kept watered by an auto-sprinkler system. This property is located on the cooler side of San Pedro where you can enjoy the fresh ocean air and cool afternoon breezes on those hot summer days. Multiple shopping centers are a just a short distance away and the world famous Busy Bee Deli is less than a 1/2 block away so you won't have to fight for a parking spot when it's time for one of their sandwiches. This property has been owned by the same family since 1960 and is now ready for it's next owner. Come check it out!