635 W 21st Street
185 - Plaza San Pedro 90731

$1,550,000
Residential Income built: 1963

Main Photo: 635 W 21st Street in San Pedro: Residential Income for sale (185 - Plaza)  : MLS®# SB16718653
Status:
Sold
Prop. Type:
Residential Income
MLS® Num:
SB16718653
Sold Date:
Dec 08, 2016
Year Built:
1963
The subject property is an extremely well maintained 7 unit apartment complex with excellent curb appeal, located on 21st Street in San Pedro. The present owner has made extensive upgrades to this property over the past few years including: new roofs, rain gutters, new windows, new garage doors, exterior & interior paint, kitchen appliances, heaters, landscaping, plumbing, decking, wrought iron railing and sewer line. Many units have new kitchen cabinets and flooring. There are 7 garages onsite and 2 open spaces in front. All units are individually metered for gas & electric and tenants also pay for the trash service. There is a landlord owned laundry room onsite with 2 washers and 2 dryers that generate $1,800 per year in income. The front building (635 21st Street) is a two story 4-plex that was constructed in 1989 (Certificate of Occupancy dated 9/19/1989). The unit mix consists of a 3+1, 2+1, 3+3, and a 2+2 unit mix and one garage. The rear building (641 21st Street) is a two story 3-plex that was built in 1963 and all units are 2 bedroom 1 bath units. At current rents, the property is priced to sell at 12.9 GRM & a 5.09% CAP rate!!! THIS PROPERTY IS SUBJECT TO THE CITY OF LOS ANGELES LADBS SOFT-STORY RETROFIT PROGRAM. (Cost of said Retrofit is Reflected in the Price) Please visit LA DBS website for more information.
Price:
$1,550,000
Property Type:
Residential Income
MLS® Num:
SB16718653
Status:
Sold
  • Photo 1: 635 W 21st Street in San Pedro: Residential Income for sale (185 - Plaza)  : MLS®# SB16718653
    Photo 1 of 1
Data was last updated May 9, 2021 at 04:40 PM (UTC)