$1,100,000
$1,175,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
2641 S Pacific Ave San Pedro, CA 90731
4 Beds
4 Baths
3,446 SqFt
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,446 sqft
Price per Sqft $319
MLS Listing ID 20-608666
Sold Date 11/05/20
Style Other
Bedrooms 4
Year Built 1923
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Multi-Family
Property Description
1920's Restored Classic Charm! Across from MacARTHUR Park with views of the exceptional landscape, 4 Unit Apartment Building - Value Add - Huge Upside in Rents. This 4 unit apartment building is located in a high demand rental area of San Pedro, California. Just blocks from San Pedro Plaza Park and a direct shot to the Cabrillo Beach / waterfront. This well-maintained property has an excellent unit mix consisting of 1 Bdrm 1 bath units. Each unit has its own private individual car garage. This value add deal has a tremendous upside in the rents in an area where this is a lack of rental inventory and strong demand for apartment assets. San Pedro is seeing a massive redevelopment boom.There are many factors driving this influx in development, including the revitalization of the San Pedro waterfront that envisions a town square and attractions much like San Franciscos Fisherman Wharf.This renaissance will continue to drive housing demand and increase apartment values in the market.
Location
State CA
County Los Angeles
Area San Pedro - North
Zoning LAR1
Rooms
Other Rooms Other
Interior
Heating Other, Wall
Cooling Air Conditioning, Wall/Window
Equipment Built-Ins, Cable, Dryer, Dishwasher, Garbage Disposal, Other, Range/Oven, Refrigerator, Washer
Exterior
Parking Features Assigned, Garage, Private Garage, Side By Side, Driveway - Concrete
Garage Spaces 8.0
View Y/N Yes
View Other, Tree Top, Landmark
Building
Story 2
Architectural Style Other
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Strand Hill Properties