521 W 16TH W STREET, SAN PEDRO CA 90731
- 1,985 sq.ft.
- 4,385 sq.ft. lot
NEW PRICE, GREAT DEAL!! Very nice, very cute, Craftsman style, two building fourplex located in a quiet section of San Pedro. All termite repairs completed in February 2019, followed by a complete repaint of the exterior of both buildings. Both buildings will be fumigated after buyer removes all contingencies, followed by delivery of termite completion prior to close of escrow. Front building has 2 one bed, one bath units (approx 480SF each) Back building has 2 one bed, one bath (525 is approx 480SF) (527 is approx 545SF); all units have washer hookups. Parking is street, although there is a driveway on the west side of the lot, but currently blocked off by the gate to the property. I have met the tenants (all non smokers), they all seem very nice, and, per Properties West, pay their rents on time. TENANTS terms, (approx) – APT 521, 15 years – APT 523 (shown in photos) 1.5 years, APT 525 20+ years- APT 527 12 years – CAP RATE Est 5.1% - With this years rent increases CAP RATE 5.3%
Listing Courtesy of Bob Locke, West Shores Realty, Inc.
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of February 23, 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.