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$750,000
Est. payment /mo
4,987 Sqft Lot
UPDATED:
12/13/2024 07:12 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24127790
HOA Y/N No
Year Built 1948
Lot Size 4,987 Sqft
Property Description
Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo. each; 1 garage is owners’. ***Tenants pay their own gas, electric and trash; landlord only pays for the DWP Water service. ***Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportation. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LAR2
Interior
Fireplace No
Laundry None
Exterior
Parking Features Garage Faces Rear
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Total Parking Spaces 3
Private Pool No
Building
Lot Description Walkstreet
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7456008005
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc. • 3108017373
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