CA > San Pedro
San Pedro, CA 90731,3531 S Peck AVE
San Pedro, CA 90731,3531 S Peck AVE
San Pedro, CA 90731,3531 S Peck AVE
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$1,445,000
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8,751 Sqft Lot
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3531 S Peck AVE San Pedro, CA 90731

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Mason Frakes

Mason Frakes

Champion Real Estate

+1(805) 260-4860

UPDATED:

12/05/2024 03:36 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS24152160

HOA Y/N No

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

Fireplace No

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

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

New Construction No

Others

Senior Community No

Tax ID 7467011008

Energy Description 715.0

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

Lease Land No

California Regional MLS (CRMLS)
Listed by CRAIG PHILLIPS • LEE & ASSOC. COMM. R.E. SERV. • 213-618-2565

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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