Closed $1,295,000 - Multifamily
NO RENT CONTROL! Built in 1983. Spacious 1,250 sq ft Tri-Level Townhouse style units with attached 2 car garage, automatic garage doors, unit access from garage. Panoramic Harbor and Bridge views from 3rd story living room balcony, plus hill views from kitchen. In unit laundry hook-ups. Three units use bonus room as spacious 3rd bedroom. 40 year roof is only 10 yrs old. Pride of Ownership with no deferred maintenance. Individual gas and electric meters. Please DO NOT disturb the tenants.
Downtown San Pedro is experiencing a development boom and the City of LA is in the midst of revitalization plan to improve the waterfront and Pacific Corridor. Home to one of the worlds busiest container ports, San Pedro is known as the “Heart of the Harbor.”
Contact: Geoff Jaime
310-704-6677
| PROPERTY ANALYSIS |
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| Income Expense Summary | ||||||||
| Property Address | 623 W 17th St | |||||||
| San Pedro, CA 90731 | ||||||||
| INCOME | Date | 8/20/2015 | ||||||
| Actual | Period | Rolling 12 | July 2015 | ||||||
| Scheduled Rents – Annual | $91,140.00 | |||||||
| Other Income – | ||||||||
| Subtotal | $91,140.00 | |||||||
| Less Vacancy % | 0.0% | $0.00 | ||||||
| Bad Debt | ||||||||
| Effective Rents | $91,140.00 | |||||||
| EXPENSES | ||||||||
| Cash | ||||||||
| Taxes | $16,190.00 | |||||||
| Insurance | $1,800.00 | |||||||
| Licensing | $400.00 | |||||||
| Water & Sewer | $3,200.00 | |||||||
| Trash | $0.00 | |||||||
| Electric | $1,000.00 | |||||||
| Maint & Repair | $500.00 | |||||||
| Reserves | $0.00 | |||||||
| Advertising | $0.00 | |||||||
| Gas | $0.00 | |||||||
| Gardener | $300.00 | |||||||
| Total Expenses | $23,390.00 | |||||||
| NOI | $67,750.00 | |||||||
| Price | $1,295,000 | |||||||
| Cap Rate | 5.2% | |||||||
| GRM | 14.21 | |||||||
