680 18th Street

San Pedro, CA 90731

$1,100,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $312 / sqft

1970

calendar_month Built

Property Description

Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area. Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment. Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront & Amphitheater Development and a growing music and brewery scene are just some of the reasons to "explore more". This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand. Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase for existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information

Listing Information

Address 680 18th Street
City San Pedro
State CA
Zip 90731
County Los Angeles
Listing Agent Ante Perkov DRE#01090857
Courtesy Of Capwest Real Estate
MLS SB24033109
List Price $1,100,000
Status Active
Type Residential Income
Subtype Triplex
Structure Size N/A
Lot Size 5,000
Year Built 1970
DOM 60

Exterior Information

Maps

Listing information courtesy of: Ante Perkov, Capwest Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 16th, 2024 at 3:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.