1381 West 8th Street

San Pedro, CA 90732

$1,450,000
Last Sold Price
10
Beds
7
Baths
4,703 Sq. Ft.
$308 / Sq. Ft.
4,703
Sq. Ft.
$308
per Sq. Ft.

Description

Location, location, location! Pride-of-ownership real estate in Prime San Pedro Location! 5-Unit apartment complex consisting of two structures and a quaint court-yard. Front building has a large 1,882 sq.ft. 4-Bedroom/3-Bath owner's unit built in 1991 over the front 2 units. The owner's unit boasts double-pane French doors offering views of the San Pedro Hills, a living room featuring vaulted ceilings, ceiling fans, and balconies. Four Garages and additional on-side and off-street Parking. Huge...Location, location, location! Pride-of-ownership real estate in Prime San Pedro Location! 5-Unit apartment complex consisting of two structures and a quaint court-yard. Front building has a large 1,882 sq.ft. 4-Bedroom/3-Bath owner's unit built in 1991 over the front 2 units. The owner's unit boasts double-pane French doors offering views of the San Pedro Hills, a living room featuring vaulted ceilings, ceiling fans, and balconies. Four Garages and additional on-side and off-street Parking. Huge upside in rents upon unit turnover; Low expenses - Tenants pay all utilities (Water expense offset with tenant contribution). Situated on a generous 8,106 sqft. corner lot, the complex provides a desirable living space within walking distance to stores, restaurants, and Averill Park. This well-positioned investment holds promise for both immediate returns and long-term appreciation.
  1. Listed by Olga Wright • DRE #01315042 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 3108017373
  2. Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1381 West 8th Street

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4703

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Sold By Lyon Stahl Investment Real Estate, Inc., Laura Wallace, DRE #02021990

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LISTING UPDATED: 03/05/2024 06:16 AM

Property Details for 1381 West 8th Street

StatusClosed
MLS #SB23220238
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Sold By Lyon Stahl Investment Real Estate, Inc., Laura Wallace, DRE #02021990

Add your commute

Building Information for 1381 West 8th Street

Building/Complex1381 W 8th StFloor-Stories2Residences-Pet Policy-Year Built1965Building Size-

Payment Calculator

$8,265 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$352

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1381 West 8th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $113,424
  • Gross Scheduled Income: $113,424
  • Vacancy Allowance: 3403
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $110,021
  • Net Operating Income: $76,883
  • Gross Multiplier: 13.22
  • Cap Rate: 5.13
  • Financing: Conventional
Expense Details
  • Operating Expense: $33,138
  • New Taxes Expense: $18,750
  • Gardener Expense: $1,440
  • Fuel Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $3,250
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $33,138
Tax / Assessment Info
  • Tax Block: 36
  • Tax Tract Number: 0
  • Tax Census Tract: 2970.02
  • CFD/Mello-Roos Fee: $708
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Up
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Laundry Location: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Central Air
Exterior Features
  • Entry Location: 2
  • Structure Type: Quadruplex
  • Miscellaneous: Urban
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot, Walkstreet
  • Lease Considered: No
  • Number Of Units: 5
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Features: Paved, Garage
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 2+ common walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,057
  • Unit Type Total Rent: $3,057
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,874
  • Unit Type Total Rent: $1,874
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,003
  • Unit Type Total Rent: $1,003
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,118
  • Unit Type Total Rent: $1,118
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 1381 West 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1381 West 8th Street

Taxable ValueLand$50,400Additions$241,765Total$292,165
Tax Record2023$4,221 ($352 / month)
Home Facts
Total Finished SqFt4,703 SqFtAbove Grade Finished SqFt4,703 SqFtLot Size8,106 SqFtStyleQuadraplexYear Built1940ZoningLARD1.5CountyLOS ANGELESAPN7459-019-005

Schools near 1381 West 8th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Seventh Street Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

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.