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3437 S Carolina Street , #1

San Pedro, CA 90731
  • $4,400,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: PW21194764
UPDATED: 63 min ago
$4,400,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

We are pleased to present an 8-unit multifamily property located at 3427 South Carolina Street located in Long Beach, CA. Built in 1980, the subject property consists of 9,811 rentable square feet spread throughout a 12,012 square foot lot. The building consists of one studio unit, six 2-bedroom / 1-bathroom units, and one 3-bedroom / 2-bathroom unit. It contains one 1-car garage, four 2-car garages and a communal private ocean-view patio for tenant enjoyment.The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, vinyl floors, mini-split A/C, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements.Tenants enjoy living a short distance to local beaches, the Korean Bell of Friendship, as well as shopping, restaurants, and nightlife. The city of San Pedro continues to progress forward and is currently experiencing major redevelopment. The Port of Los Angeles is undergoing $3.6 million in future redevelopment that will enhance public access and provide unprecedented views of the Los Angeles waterfront. The city is undergoing a building boom in private and public investments in various stages of development. The new San Pedro Public Market development will include shopping, dining entertainment and recreation as well as development of a continuous waterfront promenade. San Pedro sustains its ability to attract renters due to its strong economy and quality of life.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T10:25:51.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/121198798
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3437 S Carolina Street , #1 San Pedro, CA 90731

  • Price: $4,400,000
  • Status: Active
  • Updated: 63 min ago
  • ID#: PW21194764
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1980
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
We are pleased to present an 8-unit multifamily property located at 3427 South Carolina Street located in Long Beach, CA. Built in 1980, the subject property consists of 9,811 rentable square feet spread throughout a 12,012 square foot lot. The building consists of one studio unit, six 2-bedroom / 1-bathroom units, and one 3-bedroom / 2-bathroom unit. It contains one 1-car garage, four 2-car garages and a communal private ocean-view patio for tenant enjoyment.The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, vinyl floors, mini-split A/C, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements.Tenants enjoy living a short distance to local beaches, the Korean Bell of Friendship, as well as shopping, restaurants, and nightlife. The city of San Pedro continues to progress forward and is currently experiencing major redevelopment. The Port of Los Angeles is undergoing $3.6 million in future redevelopment that will enhance public access and provide unprecedented views of the Los Angeles waterfront. The city is undergoing a building boom in private and public investments in various stages of development. The new San Pedro Public Market development will include shopping, dining entertainment and recreation as well as development of a continuous waterfront promenade. San Pedro sustains its ability to attract renters due to its strong economy and quality of life.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Electric Expense 2564 Fuel Expense 2564 Garage YN No Gross Income 255763 Gross Scheduled Income 260580 Insurance Expense 2625 Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 5600 Net Operating Income 163200 New Construction YN No New Taxes Expense 55000 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 92563 Rent Control YN Yes Senior Community YN No Sewer Public SewerSeptic Type Unknown Special Listing Conditions Standard Trash Expense 2564 Water Sewer Expense 2564 Water Source Public Zoning Lar1

Listing provided courtesy of Kevin King of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T10:25:51.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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