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803 W 6th Street

San Pedro, CA 90731
  • $899,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: WS21221749
UPDATED: 63 min ago
$899,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

Here is your chance to own this amazing quadplex located in the Vista Del Oro neighborhood, in the city of San Pedro. These units are 100% occupied, have no vacancy, and offer an astonishing 5.85% CAP RATE! This is a perfect opportunity for a new investor, 1031 exchange buyers, and/or first-time buyers looking to live in one while having rental income from the other occupied units. Three out of the four units have been remodeled in 2018 with new cabinets, granite countertops, laminate flooring, new bathroom vanities, lighting, and interior paint. The property has all new 200 amp electrical panels, drain pipes that have been changed to ABS plastic earlier this year, upgraded dual pane windows, and copper plumbing. One unit is detached with its own parking spot and private patio. The other three units are within a single building and each unit has its own private patio. San Pedro is home to the Korean Bell of Friendship, Point Fermin Park, Los Angeles Maritime Museum, San Pedro Fish Market & Restaurant, Cabrillo Marine Aquarium, The Port of Los Angeles, and future developments to the San Pedro waterfront attraction.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T22:27:07.67. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122145179
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803 W 6th Street San Pedro, CA 90731

  • Price: $899,000
  • Status: Active
  • Updated: 63 min ago
  • ID#: WS21221749
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1920
Built
Neighborhood:
183 - Vista Del Oro
County:
Los Angeles
Area:
183 - Vista Del Oro
Property Description
Here is your chance to own this amazing quadplex located in the Vista Del Oro neighborhood, in the city of San Pedro. These units are 100% occupied, have no vacancy, and offer an astonishing 5.85% CAP RATE! This is a perfect opportunity for a new investor, 1031 exchange buyers, and/or first-time buyers looking to live in one while having rental income from the other occupied units. Three out of the four units have been remodeled in 2018 with new cabinets, granite countertops, laminate flooring, new bathroom vanities, lighting, and interior paint. The property has all new 200 amp electrical panels, drain pipes that have been changed to ABS plastic earlier this year, upgraded dual pane windows, and copper plumbing. One unit is detached with its own parking spot and private patio. The other three units are within a single building and each unit has its own private patio. San Pedro is home to the Korean Bell of Friendship, Point Fermin Park, Los Angeles Maritime Museum, San Pedro Fish Market & Restaurant, Cabrillo Marine Aquarium, The Port of Los Angeles, and future developments to the San Pedro waterfront attraction.
Exterior Features

Lot Features Corner Lot Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.85 Common Interest None Community Features Street LightsSidewalks Contingency None Garage YN No Gross Income 67500 Gross Scheduled Income 67500 Insurance Expense 1200 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFhaVa Loan Maintenance Expense 600 Net Operating Income 52658 New Construction YN No New Taxes Expense 10602 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 14842 Other Expense 400 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 5625 Trash Expense 0 Water Sewer Expense 1800 Water Source Public Zoning Lard1.5

Listing provided courtesy of Tony Ma of Compass-Pasadena


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T22:27:07.67. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
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Pasadena CA, 91101