977 W 2nd Street, San Pedro, CA 90731
List Price: $995K
Listing Status: Active
Original List Price: $1.2M
0Days on Market: 293
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1959
Lot Size: 4,966 sq ft
Garage Spaces: 6
Private Pool: Yes
MLS Number: OC25131242
About This Property
PRICE IMPROVEMENT!! PORTFOLIO SALE--3 SIDE-BY-SIDE TRIPLEXES ON SEPARATE APNs: We are pleased to offer for sale this well-located property portfolio in the highly desirable Holy Trinity rental market of San Pedro. This asset consists of 3 Triplexes on 3 separate APNs--977, 983 and 989 2nd Street. There's also an excellent unit mix of ALL SINGLE STORY 2 bedroom units--6 of which have been completely renovated with new kitchens, bathrooms, and flooring! The exterior has also been renovated with new paint, and vinyl windows. There is also central A/C units and in unit washer and dryer hook-ups in each unit and garages for tenants to enjoy. The property is also individually metered for gas and electric along with individual water heaters for each unit which keeps operating expenses low for the owner. Actual in place rents are also very strong allowing a new owner to have great cash flow from day 1 without the need to significantly raise rents. Property also qualifies for 30 year fixed residential financing. Property is centrally located near 110 freeway, 710 freeway, Vincent Thomas Bridge as well as major shopping centers, international Cruise Ship Terminals, and the San Pedro Waterfront development. INVESTORS WELCOME!
Listing provided by: Ruben Khorsandi DRE #01085411 949-250-0400 Ruben@AllianceIRE.com, Alliance Investment RE Group
Source: CRMLS, MLS #: OC25131242