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551 W Macarthur Avenue San Pedro, CA 90731
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Key Details
Sold Price $1,035,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21270582
Bedrooms 8
Lot Size 4,801 Sqft
Property Description
EXCELLENT INVESTMENT OPPORTUNITY. Built in 1981 - not under City of LA Rent Control Ordinance, but under California Rent Control. Rents are well below rents of like units in area so this property has a great deal of potential. These 4 units are located in beach city of San Pedro. 2 Townhome Style units with 2 bedroom 2 bath (Unit A and Unit B), plus 2 One-Level units with 2 bedrooms each (Unit C has 1 bath and Unit D has 2 bath). Each unit has 2 off-street covered parking spaces. Common laundry room with Washer and Dryer. All units have Central Air. This property only minutes away from the New Water Front Market under development, shopping, dining, beaches, cruise terminal and parks.
EXCELLENT INVESTMENT OPPORTUNITY. Built in 1981 - not under City of LA Rent Control Ordinance, but under California Rent Control. Rents are well below rents of like units in area so this property has a great deal of potential. These 4 units are located in beach city of San Pedro. 2 Townhome Style units with 2 bedroom 2 bath (Unit A and Unit B), plus 2 One-Level units with 2 bedrooms each (Unit C has 1 bath and Unit D has 2 bath). Each unit has 2 off-street covered parking spaces. Common laundry room with Washer and Dryer. All units have Central Air. This property only minutes away from the New Water Front Market under development, shopping, dining, beaches, cruise terminal and parks.
Location
State CA
County Los Angeles
Area San Pedro (90731)
Zoning Assessor
Interior
Cooling Central Forced Air
Exterior
Roof Type Rolled/Hot Mop
Building
Lot Description Curbs, Sidewalks
Story 2
Others
Acceptable Financing Cash
Space Rent $900
Listing Terms Cash
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Bought with Gary Krill • Compass