529 West 16th Street

San Pedro, CA 90731

$1,202,000
Last Sold Price
8
Beds
4
Baths
4,216 Sq. Ft.
$285 / Sq. Ft.
4,216
Sq. Ft.
$285
per Sq. Ft.

Description

BUyer fell out of their 1031 exchange back on market ( due to multiple offers please submit your highest and best seller will respond Monday)Investor opportunity or live in one! This 3 unit complex is located in the beach city of San Pedro. 2 units have been newly remodeled with gorgeous laminate flooring throughout, recessed lighting, updated kitchens and bathrooms. These townhouse style units will stun you with their immaculate amount of space. Each unit has w/d hookups and off-street parking....BUyer fell out of their 1031 exchange back on market ( due to multiple offers please submit your highest and best seller will respond Monday)Investor opportunity or live in one! This 3 unit complex is located in the beach city of San Pedro. 2 units have been newly remodeled with gorgeous laminate flooring throughout, recessed lighting, updated kitchens and bathrooms. These townhouse style units will stun you with their immaculate amount of space. Each unit has w/d hookups and off-street parking. With no rent control, this is an opportunity you won't want to miss. A must see!
  1. Listed by Matteo Bommarito • DRE #01367522 • Brokerage DRE #01501084 • Keller Williams Realty

Property Details for 529 West 16th Street

Parking Spaces Total
1
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4216
Assessor Parcel Number
7454-033-011
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Realty, Matteo Bommarito, DRE #01367522

Sold By Keller Williams Beach Cities, Marlowe Joaquin, DRE #01491204

Add your commute
LISTING UPDATED: 06/03/2021 09:57 AM

Property Details for 529 West 16th Street

StatusClosed
MLS #SB21072280
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.10 AC / 4,399 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty, Matteo Bommarito, DRE #01367522

Sold By Keller Williams Beach Cities, Marlowe Joaquin, DRE #01491204

Add your commute

Building Information for 529 West 16th Street

Stories2Residences-Year Built1980Building Size-Lot Size0.10 AC / 4,399 SF

Payment Calculator

$7,851 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,560

Property Taxes

$1,291

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 529 West 16th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $79,812
  • Gross Scheduled Income: $79,812
  • Net Operating Income: $67,812
  • Gross Multiplier: 14.39
  • Financing: Conventional
Expense Details
  • Operating Expense: $12,000
  • New Taxes Expense: $4,500
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,100
  • Trash Expense: $1,000
  • Water Sewer Expense: $2,600
  • Total Expenses: $12,000
Tax / Assessment Info
  • Tax Tract Number: 011
  • Tax Census Tract: 2969.01
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,151
  • Unit Type Total Rent: $2,151
  • Unit Type Pro Forma: 2500
  • 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: 0
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 529 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 529 West 16th Street

Taxable ValueLand$730,360Additions$520,200Total$1,250,560
Tax Record2023$15,491 ($1,291 / month)
Home Facts
Total Finished SqFt4,216 SqFtAbove Grade Finished SqFt4,216 SqFtStories1Lot Size4,399 SqFtStyleTriplexYear Built1980ZoningLARD2CountyLOS ANGELESAPN7454-033-011

Schools near 529 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 Keller Williams Realty, Matteo Bommarito, DRE #01367522

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.