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904 S Centre Street

San Pedro, CA 90731
  • $1,045,000
  • STATUS: Active
  • ON SITE: 61 Days
  • ID#: SB21164642
UPDATED: 84 min ago
$1,045,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Immaculate 11-Unit Single Room Occupancy asset located in the heartof San Pedro at 904 S Centre St. Offered at only $1.045M, new buyerscan take advantage of this Value-Add property offering strong currentincome, as well as fantastic pro-forma numbers. The property iscurrently operating at 5.53% CAP, with room to grow the CAP to 8.35%.Over 20% available in monthly rental income!904 S Centre St features a unit mix of (11) Single Room Occupancyunits, offered at only $95k/Unit. These units have been upgradedincludingits floors, paint, countertops and appliances. There is also alaundry room on site for all tenants.The subject property is located just steps from Downtown San Pedro, anarea with an ample amount of quality restaurants, shops and nightlife.There are Millions of $ worth of new developments in close proximity tothe property such as the San Pedro Waterfront Promenade, as well asbrand new apartment buildings, condos and retail shops. Brand newcondo complex just a block away are selling an average of $850k each!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. 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/120526760
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904 S Centre Street San Pedro, CA 90731

  • Price: $1,045,000
  • Status: Active
  • Updated: 84 min ago
  • ID#: SB21164642
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1900
Built
Neighborhood:
185 - Plaza
County:
Los Angeles
Area:
185 - Plaza
Property Description
Immaculate 11-Unit Single Room Occupancy asset located in the heartof San Pedro at 904 S Centre St. Offered at only $1.045M, new buyerscan take advantage of this Value-Add property offering strong currentincome, as well as fantastic pro-forma numbers. The property iscurrently operating at 5.53% CAP, with room to grow the CAP to 8.35%.Over 20% available in monthly rental income!904 S Centre St features a unit mix of (11) Single Room Occupancyunits, offered at only $95k/Unit. These units have been upgradedincludingits floors, paint, countertops and appliances. There is also alaundry room on site for all tenants.The subject property is located just steps from Downtown San Pedro, anarea with an ample amount of quality restaurants, shops and nightlife.There are Millions of $ worth of new developments in close proximity tothe property such as the San Pedro Waterfront Promenade, as well asbrand new apartment buildings, condos and retail shops. Brand newcondo complex just a block away are selling an average of $850k each!
Exterior Features

Lot Features Front YardRectangular LotWalkstreet Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street

Interior Features

Common Walls 2+ Common Walls Flooring Laminate

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.53 Common Interest None Community Features CurbsStreet LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 94392 Gross Scheduled Income 94392 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 57840 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 31832 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Total Actual Rent 8366 Trash Expense 0 Vacancy Allowance Rate 5 Water Sewer Expense 0 Water Source Public Zoning Lard1.5

Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc. and Cameron Samimi of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T08:25:24.643. 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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