643 West 15th Street
643 West 15th Street
$775,000
4
2
2,148
2,148
$361
Description
We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can...We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint, and a newer roof, and each tenant has its own in-unit laundry. From a pricing standpoint, this property is being offered at a favorable $387,500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rent Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located – not only near the Port – but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and, in effect, offers tenants easy access to the booming economic and employment hubs of both counties. For these reasons, the astute investor can confidently forecast continued population and median household income growth within the submarket, thus driving prolonged rent growth upon acquisition.
- Listed by Daniel Hopkins • DRE #02105900 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • 562-684-6758
- Listed by Joshua Barut • DRE #01971720 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 643 West 15th Street
View
None
Parking Spaces Total2
Private PoolNo
Cooling TypeWall/Window
Total Units2.0
Building TypeAttached
Lot Size SourceAssessor
Living Area2148
Location
LISTING UPDATED: 05/25/2024 01:45 PM
Property Details for 643 West 15th Street
Status | Active |
---|---|
MLS # | PW24097243 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential Income |
Year Built | 1917 |
Lot Size | 0.11 AC / 5,002 SF |
County | Los Angeles County |
Location
Building Information for 643 West 15th Street
Stories1Residences-Year Built1917Building Size-Lot Size0.11 AC / 5,002 SF
Payment Calculator
$5,005 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 643 West 15th Street
Property History for 643 West 15th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 643 West 15th Street
Taxable ValueLand$560,000Additions$190,000Total$750,000
Tax Record2023$9,317 ($776 / month)
Home Facts
Total Finished SqFt2,148 SqFtAbove Grade Finished SqFt2,148 SqFtLot Size5,002 SqFtStyleDuplexYear Built1917ZoningLAR2CountyLOS ANGELESAPN7454-031-003
Schools near 643 West 15th 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.
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