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    904 S Centre Street

    San Pedro, CA 90731
    • $1,050,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: SB21164642
    $1,050,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Immaculate 11-Unit Single Tenant Occupancy asset located in the heartof San Pedro at 904 S Centre St. 11 separate units and all fully occupied. These co-living spaces each have their own kitchens in unit but share a bathroom on each floor. Offered at only $1.050M, new buyers can take advantage of this Value-Add property offering strong currentincome, as well as fantastic pro-forma numbers. The property iscurrently operating at 5.50% CAP, with room to grow the CAP to 8.31%.Over 20% available in monthly rental income!904 S Centre St features a unit mix of (11) Single Room Occupancyunits, offered at only $95k/Unit. All units have been upgraded includingvinyl wood floors, paint, countertops and appliances. There is also alaundry room on site for all tenants.The subject property is located just steps from Downtown San Pedro, anarea with an ample amount of quality restaurants, shops and nightlife.There are Millions of $ worth of new developments in close proximity tothe property such as the San Pedro Waterfront Promenade, as well asbrand new apartment buildings, condos and retail shops. Brand newcondo complex just a block away are selling an average of $850k each!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/120526760
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    904 S Centre Street San Pedro, CA 90731

    • Price: $1,050,000
    • Status: Active
    • ID#: SB21164642
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1900
    Built
    Neighborhood:
    185 - Plaza
    County:
    Los Angeles
    Area:
    185 - Plaza
    Property Description
    Immaculate 11-Unit Single Tenant Occupancy asset located in the heartof San Pedro at 904 S Centre St. 11 separate units and all fully occupied. These co-living spaces each have their own kitchens in unit but share a bathroom on each floor. Offered at only $1.050M, new buyers can take advantage of this Value-Add property offering strong currentincome, as well as fantastic pro-forma numbers. The property iscurrently operating at 5.50% CAP, with room to grow the CAP to 8.31%.Over 20% available in monthly rental income!904 S Centre St features a unit mix of (11) Single Room Occupancyunits, offered at only $95k/Unit. All units have been upgraded includingvinyl wood floors, paint, countertops and appliances. There is also alaundry room on site for all tenants.The subject property is located just steps from Downtown San Pedro, anarea with an ample amount of quality restaurants, shops and nightlife.There are Millions of $ worth of new developments in close proximity tothe property such as the San Pedro Waterfront Promenade, as well asbrand new apartment buildings, condos and retail shops. Brand newcondo complex just a block away are selling an average of $850k each!
    Exterior Features

    Lot Features Front YardRectangular LotWalkstreet Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street

    Interior Features

    Common Walls 2+ Common Walls Flooring Laminate

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.5 Common Interest None Community Features CurbsStreet LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 94392 Gross Scheduled Income 94392 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 57780 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 31893 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Total Actual Rent 8366 Trash Expense 0 Vacancy Allowance Rate 5 Water Sewer Expense 0 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc. and Cameron Samimi of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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