3009 S Pacific Avenue, San Pedro, CA 90731

$625,000
2,000
SqFt
List Price
$625,000
Status
PENDING
MLS#
SB19135894
Year Built
1956
Living Sq. Ft
2,000
Lot Size
5,000
Acres
0.1148
Lot Location
2-5 Units/Acre
Days on Market
21
Property Type
Multifamily
Stories
One Level

Property Description

Buyer backed out. This is Your Gain! Fantastic location with an upside on the rents. Or build 2 story multiunit residences. Many possibilities, check with city. Longtime tenants. Upgraded 3 years ago with newer carpeting, new exterior paint, new door covers, tented for termites. Interior units are in very good condition. Tenants pay on time. Each of the 4 units is one bedroom one bath. Kitchen has white tile and cabinets in good condition. All rooms are in good condition also. Solid construction. Rents provided ($33,321) will be effective September 2019 due to 4% increase in rents. Pro forma is approx. $1,500/each. (Actual rents are $32,040/annual). Appliances belong to tenants. Five car parking onsite. Nearby & in construction is the $ Billion+ San Pedro Waterfront project, also nearby is the downtown San Pedro Farmer's Market, walking distance to Cabrillo Beach and Cabrillo Marina, Point Fermin and White Point Parks. Long Beach is right over the nearby Vincent Thomas Bridge. Easy access to Terranea and the Trump National Golf Course. Easy access to LAX, the 110, 91 and 405 Freeways, and express buses to downtown L.A. Great upside and well located for owner occupier. Property subject to rent control. All info deemed accurate, not guaranteed. Offer is subject to inspection and cancellation of existing escrow.

Additional Information

Tract Number
2976
Lot Description
Biking, Curbs, Fishing, Park, Watersports, Military Land, Sidewalks, Storm Drains, Street Lights
Pool Description
None
Fireplace Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Clara Duran-Reed from The Duran Reed Firm, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.