1232 Park Western Place
1232 Park Western Place
Closed 7/1/22
Closed 7/1/22
Description
1232 North Park Western Drive is a two-story fourplex with a mix of one three-bed/two-bath and three two-bed/one-bath units. The units boast spacious floor plans and in-unit laundry hookups....This fourplex offering presents new investor the exciting opportunity to rehabilitate and reposition the asset, which has some deferred maintenance, to substantially increase rental income and add value: see agent remarks regarding units, and current rents of the remaining two units offer 16 percent rental upside.
1232 North Park Western Drive is a two-story fourplex with a mix of one three-bed/two-bath and three two-bed/one-bath units. The units boast spacious floor plans and in-unit laundry hookups. The property also features ample surface parking in front and an underutilized private backyard. The property is located near the northern bounds of San Pedro on an attractive, quiet residential street near a Target, Harbor Highlands Park, and Park Western Elementary. The average household income within one mile exceeds $124,000. San Pedro is a strong coastal rental submarket that has seen billions of dollars of private and public investment in numerous development projects in recent years. Note: income figures are underwritten using pro forma numbers for two of the four units.
- Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker
- Listed by David O'Keefe • DRE #01928739 • Brokerage DRE #00530854 • Marcus & Millichap
Property Details for 1232 Park Western Place
Location
Sold By Marcus & Millichap, David O'Keefe, DRE #01928739
Property Details for 1232 Park Western Place
| Status | Closed |
|---|---|
| MLS # | PW22084121 |
| Days on Market | 30 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1964 |
| Lot Size | 0.27 AC / 11,669 SF |
| County | Los Angeles County |
Location
Sold By Marcus & Millichap, David O'Keefe, DRE #01928739
Building Information for 1232 Park Western Place
Payment Calculator
$7,439 per month
30 year fixed, 7.25% Interest
$7,095
$344
$0
Property Information for 1232 Park Western Place
- Gross Income: $107,268
- Gross Scheduled Income: $107,268
- Net Operating Income: $77,093
- Operating Expense: $24,812
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $24,812
- Tax Tract Number: 21318
- Tax Census Tract: 2963.00
- Tax Lot: 146
- Community Features: Suburban
- Laundry: Yes
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Pool Features: None
- Lot Features: Lot 10000-19999 Sqft
- Land Lease: No
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 3200
- Unit Type Type: 1
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,670
- Unit Type Total Rent: $3,339
- Unit Type Pro Forma: 2400
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 0
Property History for 1232 Park Western Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1232 Park Western Place
Schools near 1232 Park Western Place
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Park Western Place Elementary School PublicK to 5 | ||
Rudecinda Sepulveda Dodson Middle School Public6 to 8 | ||
San Pedro Senior High School Public9 to 12 | ||
William J. Johnston Community Day School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.