521 West 16th Street

San Pedro, CA 90731

$775,000
Last Sold Price
4
Beds
4
Baths
1,985 Sq. Ft.
$390 / Sq. Ft.
1,985
Sq. Ft.
$390
per Sq. Ft.

Description

Perfect investor opportunity! This well maintained 1920's craftsman-style Fourplex income producing property is located in a highly desired neighborhood between Palos Verdes and the Pacific Ocean. The property features two separate buildings and each building consists of two 1 bedroom and 1 bathroom units. Each unit is about 500 sq ft in size with a living room, kitchen, washer and dryer hookups and a full bathroom. Street parking. This great investment opportunity is walking distance to the marina,...Perfect investor opportunity! This well maintained 1920's craftsman-style Fourplex income producing property is located in a highly desired neighborhood between Palos Verdes and the Pacific Ocean. The property features two separate buildings and each building consists of two 1 bedroom and 1 bathroom units. Each unit is about 500 sq ft in size with a living room, kitchen, washer and dryer hookups and a full bathroom. Street parking. This great investment opportunity is walking distance to the marina, local shops and restaurants, the ocean, and the new Port of Los Angeles Waterfront Development Three of the units are occupied with great long term tenants and one unit is vacant, which makes it an amazing owner user opportunity. The vacant unit just received fresh paint, newer bathroom, and new flooring and is ready to be leased at market rent.

Listing Agent

  1. Tamas Batyi

    Tamas Batyi

    Listing Agent

    Compass

    DRE #02053534

Property Details for 521 West 16th Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1985
Assessor Parcel Number
7454-033-012

Location

Listing Courtesy of Century 21 Union Realty, Tamas Batyi, DRE #02053534

Sold By Century 21 Union Realty, Tamas Batyi, DRE #02053534

Add your commute
LISTING UPDATED: 08/24/2022 05:29 AM

Property Details for 521 West 16th Street

StatusClosed
MLS #SB22139311
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.10 AC / 4,385 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Union Realty, Tamas Batyi, DRE #02053534

Sold By Century 21 Union Realty, Tamas Batyi, DRE #02053534

Add your commute

Building Information for 521 West 16th Street

Stories1Residences-Year Built1922Building Size-Lot Size0.10 AC / 4,385 SF

Payment Calculator

$5,032 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,229

Property Taxes

$803

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 521 West 16th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $51,912
  • Gross Scheduled Income: $51,912
  • Net Operating Income: $40,838
  • Financing: Cash
Expense Details
  • Operating Expense: $11,074
  • New Taxes Expense: $8,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,274
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Total Expenses: $11,074
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 12
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet
Exterior Features
  • Roof: Shingle
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • 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: $751
  • Unit Type Total Rent: $751
  • Unit Type Pro Forma: 1600
  • 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: $931
  • Unit Type Total Rent: $931
  • Unit Type Pro Forma: 1600
  • 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: $1,038
  • Unit Type Total Rent: $1,038
  • Unit Type Pro Forma: 1600
  • 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: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 521 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 521 West 16th Street

Taxable ValueLand$540,000Additions$235,000Total$775,000
Tax Record2023$9,640 ($803 / month)
Home Facts
Total Finished SqFt1,985 SqFtAbove Grade Finished SqFt1,985 SqFtLot Size4,385 SqFtStyleQuadraplexYear Built1922ZoningLARD2CountyLOS ANGELESAPN7454-033-012

Schools near 521 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

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Similar Sold Homes

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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 Century 21 Union Realty, Tamas Batyi, DRE #02053534

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.