561 West 12th Street

San Pedro, CA 90731

$715,000
Last Sold Price
4
Beds
3
Baths
2,672 Sq. Ft.
$268 / Sq. Ft.
2,672
Sq. Ft.
$268
per Sq. Ft.

Description

Perfect Investment opportunity! It is located near downtown San Pedro. This is a free standing building that has multiple addresses for 3 units (addresses are 561,563, and 565 W 12th street respectively, with unit 561 and 563 sharing a common wall) totaling 2,672 square feet. The entrances are separated between units and 2 units of 3 have their own laundry room/hook-ups. Hardwood floors throughout. Well maintained property. The rent is very low compared to current market price. Sell by AS IS condition...Perfect Investment opportunity! It is located near downtown San Pedro. This is a free standing building that has multiple addresses for 3 units (addresses are 561,563, and 565 W 12th street respectively, with unit 561 and 563 sharing a common wall) totaling 2,672 square feet. The entrances are separated between units and 2 units of 3 have their own laundry room/hook-ups. Hardwood floors throughout. Well maintained property. The rent is very low compared to current market price. Sell by AS IS condition with no credit or repairs. Sellers and listing agent do not verify any aspect and permits of the property. Buyer to verify all information and conduct their own due diligence. Drive by only and do not disturb occupants!
  1. Listed by HaeJung Lee • DRE #01918349 • Redpoint Realty

Property Details for 561 West 12th Street

Parking Spaces Total
4
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2672
Assessor Parcel Number
7454-020-025
Property Attached YN
true

Location

Listing Courtesy of Redpoint Realty, HaeJung Lee, DRE #01918349

Sold By Think Boutiq Real Estate, Tara Riggi, DRE #01986173

Add your commute
LISTING UPDATED: 04/13/2021 01:11 AM

Property Details for 561 West 12th Street

StatusClosed
MLS #OC21004384
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.11 AC / 5,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Redpoint Realty, HaeJung Lee, DRE #01918349

Sold By Think Boutiq Real Estate, Tara Riggi, DRE #01986173

Add your commute

Building Information for 561 West 12th Street

Stories2Residences-Year Built1925Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$4,682 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,902

Property Taxes

$780

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 561 West 12th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $53,364
  • Gross Scheduled Income: $53,364
  • Net Operating Income: $41,882
  • Other Income Description: Rented 1 space at the upstairs
  • Other Income 1: $8,700
  • Financing: Cash
Expense Details
  • Operating Expense: $11,482
  • New Taxes Expense: $7,882
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,100
  • Trash Expense: $0
  • Water Sewer Expense: $2,500
  • Total Expenses: $11,482
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 11
  • Tax Census Tract: 2969.02
  • Tax Lot: 28
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,090
  • Unit Type Total Rent: $13,080
  • Unit Type Pro Forma: 18000
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,107
  • Unit Type Total Rent: $13,284
  • Unit Type Pro Forma: 18000
  • 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: $1,530
  • Unit Type Total Rent: $18,300
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3

Property History for 561 West 12th 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 561 West 12th Street

Taxable ValueLand$457,776Additions$286,110Total$743,886
Tax Record2023$9,355 ($780 / month)
Home Facts
Total Finished SqFt2,672 SqFtAbove Grade Finished SqFt2,672 SqFtLot Size5,000 SqFtStyleQuadraplexYear Built1925ZoningLARD1.5CountyLOS ANGELESAPN7454-020-025

Schools near 561 West 12th 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 Redpoint Realty, HaeJung Lee, DRE #01918349

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.