Waterfront
Address
904 S Centre Street San Pedro, CA
Price
$ 1,045,000
Property Attributes
  • MLS#SB21164642
  • TypeIncome
  • CountyLOS ANGELES
  • CitySan Pedro
  • AreaPlaza
  • Zip90731
  • Style
  • Price$ 1,045,000
  • Bedrooms11
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage2760
  • Lot Size3,016 SqFt
Listing Provided Courtesy Of:
Olga Wright with Lyon Stahl Investment Real Estate, Inc. - 3108017373
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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!

Price History
8/16/2021 Listed $1,025,000

General Features

Co-Listing Agent State License # 02035763
Co-listing Agent Cameron Samimi - BRE#02035763
Community Features Curbs, Street Lights, Sidewalks, Urban
Flooring Laminate
Levels Two
Listing Agent Olga Wright - BRE#01315042
Listing Agent State License 01315042
Lot Size Square Feet 3016
MLS Area 185 - Plaza
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 2
Terms Conventional
Total Actual Rent 8366
Total Units 11
Zoning LARD1.5

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features Front Yard, Rectangular Lot, Walkstreet
Lot Size Acres 0.07
Lot Size Area 3016
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Road Frontage Type City Street
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90731

Price
AVG $1.3M
$1.05M
Visits
AVG 33
65
Year Built
AVG 1942
1900
Walkscore
AVG 83
91
Data Provided by Walkscore ® not using MLS data

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