355 West 16th Street

San Pedro, CA 90731

$640,000
Last Sold Price
4
Beds
3
Baths
1,662 Sq. Ft.
$385 / Sq. Ft.
1,662
Sq. Ft.
$385
per Sq. Ft.

Description

2 one bedroom units in front. 4 car parking plus 1 garage to a 30 foot alley. Larger lot (6000 SF) than most with a 50 foot frontage. All units have laundry facilities. Duplex with newer roof and windows. Cute 2 bedroom Craftsman House in rear with a new porch. Long term tenants with very low rents. Potential income $54,000 (12 X Gross) but LA Rent Control. Located in the heart of the Harbor and the New Redevelopment. Can move your whole family into the units with only Mom & Pop fees. Back HOUSE...2 one bedroom units in front. 4 car parking plus 1 garage to a 30 foot alley. Larger lot (6000 SF) than most with a 50 foot frontage. All units have laundry facilities. Duplex with newer roof and windows. Cute 2 bedroom Craftsman House in rear with a new porch. Long term tenants with very low rents. Potential income $54,000 (12 X Gross) but LA Rent Control. Located in the heart of the Harbor and the New Redevelopment. Can move your whole family into the units with only Mom & Pop fees. Back HOUSE to be delivered vacant at the close of escrow.
  1. Listed by Christine Ballesteros • DRE #01280270 • Brokerage DRE #01879720 • RE/MAX Estate Properties
  2. Listed by James Harrison • DRE #00813378 • Brokerage DRE #01879720 • RE/MAX Estate Properties

Property Details for 355 West 16th Street

Parking Spaces Total
5
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
50 X 120
Living Area
1662
Assessor Parcel Number
7456-024-006

Location

Listing Courtesy of RE/MAX Estate Properties, Christine Ballesteros, DRE #01280270; RE/MAX Estate Properties, James Harrison, DRE #00813378

Sold By RE/MAX Estate Properties, Christine Ballesteros, DRE #01280270; RE/MAX Estate Properties, James Harrison, DRE #00813378

Add your commute
LISTING UPDATED: 12/30/2022 07:46 AM

Property Details for 355 West 16th Street

StatusClosed
MLS #SB22116563
Days on Market114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.14 AC / 6,000 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX Estate Properties, Christine Ballesteros, DRE #01280270; RE/MAX Estate Properties, James Harrison, DRE #00813378

Sold By RE/MAX Estate Properties, Christine Ballesteros, DRE #01280270; RE/MAX Estate Properties, James Harrison, DRE #00813378

Add your commute

Building Information for 355 West 16th Street

Stories-Residences-Year Built1954Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$4,160 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,493

Property Taxes

$667

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 355 West 16th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $2,180
  • Gross Scheduled Income: $26,160
  • Net Operating Income: $12,660
  • Gross Multiplier: 24.8
  • Cap Rate: 2.0
Expense Details
  • Operating Expense: $13,500
  • New Taxes Expense: $7,000
  • Fuel Expense: $500
  • Electric Expense: $0
  • Insurance Expense: $1,500
  • Maintenance Expense: $1,500
  • Trash Expense: $500
  • Water Sewer Expense: $2,500
  • Total Expenses: $13,500
Tax / Assessment Info
  • Tax Tract Number: 4276
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Kitchen, Inside
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • 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: $500
  • Unit Type Total Rent: $500
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $835
  • Unit Type Total Rent: $835
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $845
  • Unit Type Total Rent: $845
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 355 West 16th 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 355 West 16th Street

Taxable ValueLand$515,000Additions$125,000Total$640,000
Tax Record2023$7,998 ($667 / month)
Home Facts
Total Finished SqFt1,662 SqFtAbove Grade Finished SqFt1,662 SqFtLot Size6,000 SqFtStyleTriplexYear Built1954ZoningLAR2CountyLOS ANGELESAPN7456-024-006

Schools near 355 West 16th 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
Charter - 9 to 12
Rating
School
Distance
Fifteenth Street Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 RE/MAX Estate Properties, Christine Ballesteros, DRE #01280270; RE/MAX Estate Properties, James Harrison, DRE #00813378

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.