3531 S Peck Ave & 708 W 36th St, San Pedro. These two separate parcels feature 4 units (1BR / 1BA) with a total building area of approximately 3,144 SF and situated on approximately 8,751 SF of land. Located in the desirable coastal neighborhood of Point Fermin in San Pedro, this unique investment opportunity is located adjacent to a park on the west, near beaches and local amenities, highly attractive to potential renters or a potential owner user. These properties have partial ocean views and are situated on uncommonly larger plots of land for coastal cities offering potential for ADU additions or further development. The total gross income expected is approximately $83,228 per year with Peck Rd units between $2067 - $2195 per month whereas 36th St is below market at $1,281 - $1,392. Each tenant is responsible for electricity (separately metered ) and the landlord pays for common area electricity, water/sewer, and gas. New owners seeking an immediate NOI boost can utilized "ratio utility billing" for utility charges beared by the landlord. Earlier this year, the owners spend $32,000 on a new roof and $6,000 on landscaping.
Details
Type:
Multi-Family/Income Sale
Subdivision: 699 - Not Defined
County: Los Angeles
Tax ID: 7467011008
Cap Rate: 3.88%
Gross Rent Multiplier: 17.36
Days on Market: 135
AltCal ID: CRWS24152160
Laundry: Washer/Dryer - Leased, Community Facility
3531 South. Peck Ave., San Pedro, CA 90731
Directions to here from: 155 mi
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Listed by CRAIG PHILLIPS with LEE & ASSOC. COMM. R.E. SERV.
Based on information from the MLSListings MLS) as of 12/4/2024. 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.
