$995,000
$1,045,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
2,760 SqFt
SOLD DATE : 02/01/2022
Key Details
Sold Price $995,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $360
MLS Listing ID SB21164642
Sold Date 02/01/22
HOA Y/N No
Year Built 1900
Lot Size 3,014 Sqft
Acres 0.0692
Property Description
Immaculate 11-Unit Single Room Occupancy asset located in the heart
of San Pedro at 904 S Centre St. Offered at only $1.045M, new buyers
can take advantage of this Value-Add property offering strong current
income, as well as fantastic pro-forma numbers. The property is
currently operating at 5.09% CAP, with room to grow the CAP to 7.64%.
Over 20% available in monthly rental income!
904 S Centre St features a unit mix of (11) Single Room Occupancy
units, offered at only $95k/Unit. These units have been upgraded including
its floors, paint, countertops and appliances. There is also a
laundry room on site for all tenants.
The subject property is located just steps from Downtown San Pedro, an
area with an ample amount of quality restaurants, shops and nightlife.
There are Millions of $ worth of new developments in close proximity to
the property such as the San Pedro Waterfront Promenade, as well as
brand new apartment buildings, condos and retail shops. Brand new
condo complex just a block away are selling an average of $850k each!
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LARD1.5
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Flooring Laminate
Fireplace No
Laundry CommonArea
Exterior
Pool None
Community Features Curbs, StreetLights, Sidewalks, Urban
Private Pool No
Building
Lot Description FrontYard, RectangularLot, Walkstreet
Story 2
Entry Level Two
Sewer PublicSewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7455024030
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Ari Gharib • LFA Multifamily Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "