3531 S Peck AVE Active Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS24152160
Year Built 1950
Lot Size 8,751 Sqft
Property Description
3531 S Peck Ave & 708 W 36th St, San Pedro. These two separate parcels feature 4 units (1BR / 1BA) with a total building area of approximately 3,144 SF and situated on approximately 8,751 SF of land. Located in the desirable coastal neighborhood of Point Fermin in San Pedro, this unique investment opportunity is located adjacent to a park on the west, near beaches and local amenities, highly attractive to potential renters or a potential owner user. These properties have partial ocean views and are situated on uncommonly larger plots of land for coastal cities offering potential for ADU additions or further development.
The total gross income expected is approximately $83,228 per year with Peck Rd units between $2067 - $2195 per month whereas 36th St is below market at $1,281 - $1,392. Each tenant is responsible for electricity (separately metered ) and the landlord pays for common area electricity, water/sewer, and gas. New owners seeking an immediate NOI boost can utilized "ratio utility billing" for utility charges beared by the landlord.
Earlier this year, the owners spend $32,000 on a new roof and $6,000 on landscaping.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking,Dog Park,Foothills,Fishing,Golf,Hiking,Park,Storm Drain(s),Street Lights,Sidewalks,Urban,Water Sports
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
New Construction No
Others
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
Special Listing Condition Standard