467 W 12th Street San Pedro, CA 90731
Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo. each; 1 garage is owners’. ***Tenants pay their own gas, electric and trash; landlord only pays for the DWP Water service. One tenant is Section 8 and pays $1, 795; Other two tenants are NOT Section 8 and pay $1, 011 for 1 Bedroom and $919 for 2 Bedroom. ***Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportation. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site51 Days
- MLS StatusActive
- MLS ID NumberSB24127790
- Home Size Source N/A
- Year Built1948
- Lot Size0.1145 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Garage Faces Rear
- Parking Spaces 3
- Sewer Public Sewer
- Number of Stories 11
- Acreage 0.1145
- Water Public
- Property Sub Type Triplex
- Garage Spaces 3
- Zoning LAR2
- Listing Conditions Standard
Interior Features
- Laundry Features None
Exterior Features
- Pool Features None
- Lot Walkstreet
Community Features
- Community Features SidewalksStreet LightsUrban
- Senior Community No
- MLS Area 185 - Plaza