San Pedro, CA 90731,643 W 15th Street
See all 21 photos
San Pedro, CA 90731,643 W 15th Street
San Pedro, CA 90731,643 W 15th Street
San Pedro, CA 90731,643 W 15th Street
San Pedro, CA 90731,643 W 15th Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
8
Jul
Wed
9
Jul
Thu
10
Jul
Claudia Rodriguez

Claudia Rodriguez

Coldwell Banker West

+1(619) 250-4197
$ 775,000
Est. payment /mo
Save
Pending

643 W 15th Street San Pedro, CA 90731

4 Beds

2 Baths


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW24097243

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Property Description

UPDATE: One unit to become vacant at the end of August. We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint, and a newer roof, and each tenant has its own in-unit laundry. From a pricing standpoint, this property is being offered at a favorable $387,500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rent Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located not only near the Port but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and, in effect, offers tenants easy access to the booming economic and employment hubs of both counties. For these reasons, the astute investor can confidently forecast continued population and median household income growth within the submarket, thus driving prolonged rent growth upon acquisition.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Gaffey & 15th St

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 7454031003


MLS Router / San Diego MLS
Listed by Daniel Hopkins Lyon Stahl Investment Real Est
agent

Claudia Rodriguez

Agent | License ID: 01703531

+1(619) 250-4197

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

643 W 15th Street