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    786 W 5th Street

    San Pedro, CA 90731
    • $1,280,000
    • STATUS: Active Under Contract
    • ON SITE: 198 days
    • ID#: SB20165791
    Under Contract
    UPDATED: 126 min ago
    $1,280,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,375
      SQFT
    • $238
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Excellent Unit Mix of Three 2 -Bedroom and Five 1-Bedroom apartments in this charming 1920's apartment complex comprised of 3 buildings. Rents are as much as 50% below market! Situated on a large 10,000 sq. ft. double corner lot. Fantastic Upside Potential in rental income. Great location West of Gaffey and just one block walking distance to Starbucks, Rite-Aid, Big 5 and several national fast food restaurants. Two blocks from Mary Star of the Sea Elementary and several places of worship. The front building with 786-788-790-792 W 5th St was built in 1922. 790a W 5th St was added in 1924. The 3 units at 424-426-428 Cabrillo were built in 1958.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T21:29:58.17. 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 Jessica Foote & Associates. Licensed in the State of California, USA.

    www.teamfooterealestate.com/homes/108914515
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    786 W 5th Street San Pedro, CA 90731

    • Price: $1,280,000
    • Status: Active Under Contract
    • Updated: 126 min ago
    • ID#: SB20165791
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    5,375
    SQFT
    $238
    $/SQFT
    1922
    Built
    Neighborhood:
    187 - Holy Trinity
    County:
    Los Angeles
    Area:
    187 - Holy Trinity
    Property Description
    Excellent Unit Mix of Three 2 -Bedroom and Five 1-Bedroom apartments in this charming 1920's apartment complex comprised of 3 buildings. Rents are as much as 50% below market! Situated on a large 10,000 sq. ft. double corner lot. Fantastic Upside Potential in rental income. Great location West of Gaffey and just one block walking distance to Starbucks, Rite-Aid, Big 5 and several national fast food restaurants. Two blocks from Mary Star of the Sea Elementary and several places of worship. The front building with 786-788-790-792 W 5th St was built in 1922. 790a W 5th St was added in 1924. The 3 units at 424-426-428 Cabrillo were built in 1958.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner LotLevel With StreetLot 10000-19999 SqftRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.40 Community Features Curbs Country Us Electric Expense 2134.00 Elevation Units Feet Fuel Expense 2134.00 Gross Income 7505.00 Gross Multiplier 14.21 Gross Operating Income 88560.00 Gross Scheduled Income 90062.00 Insurance Expense 2175.00 Land Lease YN No Laundry YN No Maintenance Expense 6000.00 Net Operating Income 54776.00 New Construction YN No New Taxes Expense 15027.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 33784.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7505.00 Total Expenses 33784.00 Trash Expense 2134.00 Water Sewer Expense 2134.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Stephen Lampe of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T21:29:58.17. 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 Jessica Foote & Associates. Licensed in the State of California, USA.

     
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