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    1835 S Grand Avenue

    San Pedro, CA 90731
    • $2,050,000
    • STATUS: Active Under Contract
    • ON SITE: 41 days
    • ID#: PV20256816
    Under Contract
    $2,050,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,864
      SQFT
    • $299
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Calling All Investors! Two parcels each zoned LAR2 being offered together, 1835 and 1845 S. Grand Avenue, each with four spacious 2-bedroom units, containing 16 bedrooms and 8 bathrooms, in 6,864 square feet, combined. The properties are well-maintained, and the upper rear unit of each building has an enormous private patio. The upper front unit of 1835 is currently being made ready to rent, or owner-occupy, and the other three units are leased, with two at or near current market values. 1845, the corner building, is fully rented with long-term tenants at below market rates, with lots of room to grow. Each unit has its own laundry room with washer and dryer hookups, and each building has two 2-car garages, shared by tenants with one garage space for each. Each building has one water heater for 4 units. These units are conveniently located close to the Port's new waterfront development, convenient to downtown San Pedro, parks, beaches, public transportation and the 110 Freeway. These two parcels offer great upside potential for significantly increased future rents. Offered subject to inspection... Drive by only... please do not walk through or bother current tenants. One unit is currently being prepared to rent, and may be available to preview soon, by appointment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T00:25:52.227. 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 My Home Group. Licensed in the State of California, USA.

    www.mycahomesearch.com/homes/112585682
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    1835 S Grand Avenue San Pedro, CA 90731

    • Price: $2,050,000
    • Status: Active Under Contract
    • ID#: PV20256816
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    6,864
    SQFT
    $299
    $/SQFT
    1962
    Built
    Neighborhood:
    185 - Plaza
    County:
    Los Angeles
    Area:
    185 - Plaza
    Property Description
    Calling All Investors! Two parcels each zoned LAR2 being offered together, 1835 and 1845 S. Grand Avenue, each with four spacious 2-bedroom units, containing 16 bedrooms and 8 bathrooms, in 6,864 square feet, combined. The properties are well-maintained, and the upper rear unit of each building has an enormous private patio. The upper front unit of 1835 is currently being made ready to rent, or owner-occupy, and the other three units are leased, with two at or near current market values. 1845, the corner building, is fully rented with long-term tenants at below market rates, with lots of room to grow. Each unit has its own laundry room with washer and dryer hookups, and each building has two 2-car garages, shared by tenants with one garage space for each. Each building has one water heater for 4 units. These units are conveniently located close to the Port's new waterfront development, convenient to downtown San Pedro, parks, beaches, public transportation and the 110 Freeway. These two parcels offer great upside potential for significantly increased future rents. Offered subject to inspection... Drive by only... please do not walk through or bother current tenants. One unit is currently being prepared to rent, and may be available to preview soon, by appointment.
    Exterior Features

    Direction Faces East Garage Spaces 8.00 Lot Features Corner LotFront YardLawnLevel With StreetRectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Faces RearSee Remarks Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances Gas OvenGas CooktopRange Hood Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 858 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features Gas Dryer HookupIndividual RoomInsideSee RemarksWasher Hookup Levels Two

    Property Features

    Additional Parcels Description 7462008018 Additional Parcels YN Yes Building Area Units Square Feet Community Features CurbsSidewalksStreet LightsSuburban Country Us Elevation Units Feet Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 1500.00 Gross Income 127968.00 Gross Scheduled Income 127968.00 Insurance Expense 5000.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Net Operating Income 83843.00 New Construction YN No New Taxes Expense 25625.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Of Units Leased 7 Number Wall AC 0 Number With Carpet 8 Number With Dishwasher 0 Number With Drapes 0 Number With Patio 2 Number With Range 8 Number With Refrigerator 0 Operating Expense 44125.00 Other Expense 600.00 Other Income1 0.00 Other Income2 0.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Private Sewer Special Listing Conditions Trust Tenant Pays ElectricityGasTrash Collection Total Actual Rent 8769.00 Total Expenses 44125.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 11400.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Clint Miller of Land's End Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T00:25:52.227. 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 My Home Group. Licensed in the State of California, USA.

     
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