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1232 Park Western Place

San Pedro, CA 90732
  • $1,300,000
  • STATUS: Pending
  • ON SITE: 30 Days
  • ID#: PW22084121
Pending
UPDATED: 68 min ago
$1,300,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Steven Bogoyevac of Steven M. Bogoyevac, Broker (562-436-5800) and David O'keefe of Marcus & Millichap(562-257-1200)


Description

This fourplex offering presents new investor the exciting opportunity to rehabilitate and reposition the asset, which has some deferred maintenance, to substantially increase rental income and add value: see agent remarks regarding units, and current rents of the remaining two units offer 16 percent rental upside.1232 North Park Western Drive is a two-story fourplex with a mix of one three-bed/two-bath and three two-bed/one-bath units. The units boast spacious floor plans and in-unit laundry hookups. The property also features ample surface parking in front and an underutilized private backyard.The property is located near the northern bounds of San Pedro on an attractive, quiet residential street near a Target, Harbor Highlands Park, and Park Western Elementary. The average household income within one mile exceeds $124,000. San Pedro is a strong coastal rental submarket that has seen billions of dollars of private and public investment in numerous development projects in recent years.Note: income figures are underwritten using pro forma numbers for two of the four units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T08:25:56.823. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128037575
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1232 Park Western Place San Pedro, CA 90732

  • Price: $1,300,000
  • Status: Pending
  • On Site: 30 Days
  • Updated: 68 min ago
  • ID#: PW22084121
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1964
Built
Neighborhood:
193 - San Pedro - North
County:
Los Angeles
Area:
193 - San Pedro - North
Property Description
This fourplex offering presents new investor the exciting opportunity to rehabilitate and reposition the asset, which has some deferred maintenance, to substantially increase rental income and add value: see agent remarks regarding units, and current rents of the remaining two units offer 16 percent rental upside.1232 North Park Western Drive is a two-story fourplex with a mix of one three-bed/two-bath and three two-bed/one-bath units. The units boast spacious floor plans and in-unit laundry hookups. The property also features ample surface parking in front and an underutilized private backyard.The property is located near the northern bounds of San Pedro on an attractive, quiet residential street near a Target, Harbor Highlands Park, and Park Western Elementary. The average household income within one mile exceeds $124,000. San Pedro is a strong coastal rental submarket that has seen billions of dollars of private and public investment in numerous development projects in recent years.Note: income figures are underwritten using pro forma numbers for two of the four units.
Exterior Features

Number Of Separate Electric Meters 4 Open Parking Spaces 5 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 107268 Gross Scheduled Income 107268 Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupElectric Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 77093 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 24812 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T08:25:56.823. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Steven Bogoyevac of Steven M. Bogoyevac, Broker (562-436-5800) and David O'keefe of Marcus & Millichap(562-257-1200)