632 West 32nd Street

San Pedro, CA 90731

$599,000
Last Sold Price
2
Beds
2
Baths
912 Sq. Ft.
$657 / Sq. Ft.
912
Sq. Ft.
$657
per Sq. Ft.

Description

This delightful corner duplex, is a close distance to Cabrillo Beach and Point Fermin Lighthouse Park. If you are looking for income and a beach location property, this is the perfect place to start! Enjoy cool ocean breezes and a nice neighborhood feel with this easy to manage low maintenance income property! Excellent location across from Pt. Fermin Elementary School, and very close to many activities: hiking, swimming, biking, sailing, and picnicking in nearby parks that are within walking distance....This delightful corner duplex, is a close distance to Cabrillo Beach and Point Fermin Lighthouse Park. If you are looking for income and a beach location property, this is the perfect place to start! Enjoy cool ocean breezes and a nice neighborhood feel with this easy to manage low maintenance income property! Excellent location across from Pt. Fermin Elementary School, and very close to many activities: hiking, swimming, biking, sailing, and picnicking in nearby parks that are within walking distance. Located near retail stores, coffee shops and the multimillion dollar LA Waterfront Development. Side-by-side 1 bedroom units are rented and each unit has its own yard area for Southern CA outdoor living and the rear unit has a peek-a-boo ocean view. One half of the oversized double garage rents for $190/month. The rear unit (#634) was remodeled in 2018. New split air conditioning/heating units were installed in both units in 2020. All windows were replaced in both units with dual pane in 2018. Rents are below market with upside upon unit turnover. This is an excellent opportunity for the astute investor.
  1. Listed by Stephen Lampe • DRE #01164364 • Brokerage DRE #01508014 • Re/Max Commercial & Investment

Property Details for 632 West 32nd Street

View
Peek-A-Boo
Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
912
Assessor Parcel Number
7465-027-023

Location

Listing Courtesy of Re/Max Commercial & Investment, Stephen Lampe, DRE #01164364

Sold By Coldwell Banker Best Realty, Steven Lee, DRE #01328089; Coldwell Banker Best Realty, Michelle Cho, DRE #01408100

Add your commute
LISTING UPDATED: 11/10/2021 04:37 AM

Property Details for 632 West 32nd Street

StatusClosed
MLS #SB21182954
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.06 AC / 2,500 SF
CountyLos Angeles County

Location

Listing Courtesy of Re/Max Commercial & Investment, Stephen Lampe, DRE #01164364

Sold By Coldwell Banker Best Realty, Steven Lee, DRE #01328089; Coldwell Banker Best Realty, Michelle Cho, DRE #01408100

Add your commute

Building Information for 632 West 32nd Street

Stories1Residences-Year Built1923Building Size-Lot Size0.06 AC / 2,500 SF

Payment Calculator

$3,893 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$624

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 632 West 32nd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $190
  • Gross Scheduled Income: $35,520
  • Vacancy Allowance: 997
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $34,523
  • Net Operating Income: $22,205
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $190
  • Gross Multiplier: 16.86
  • Cap Rate: 3.71
  • Financing: Conventional
Expense Details
  • Operating Expense: $34,523
  • New Taxes Expense: $7,188
  • Fuel Expense: $0
  • Electric Expense: $600
  • Insurance Expense: $1,200
  • Maintenance Expense: $1,330
  • Trash Expense: $0
  • Water Sewer Expense: $1,200
  • Total Expenses: $12,318
Tax / Assessment Info
  • Tax Block: 17
  • Tax Tract Number: -
  • Tax Census Tract: 2976.02
  • CFD/Mello-Roos Fee: $150
  • Tax Lot: 25
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • View Description: Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Cul-De-Sac, Level with Street
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned
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: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1500
  • 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: $1,320
  • Unit Type Total Rent: $1,320
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 632 West 32nd 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 632 West 32nd Street

Taxable ValueLand$457,980Additions$153,000Total$610,980
Tax Record2023$7,493 ($624 / month)
Home Facts
Total Finished SqFt912 SqFtAbove Grade Finished SqFt912 SqFtLot Size2,500 SqFtStyleDuplexYear Built1923ZoningLAR1CountyLOS ANGELESAPN7465-027-023

Schools near 632 West 32nd 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
Leland Street Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Point Fermin Elementary School
PublicK to 5

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 Re/Max Commercial & Investment, Stephen Lampe, DRE #01164364

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.