643 West 15th Street

San Pedro, CA 90731

$775,000
Price
4
Beds
2
Baths
2,148 Sq. Ft.
$361 / Sq. Ft.
2,148
Sq. Ft.
$361
per Sq. Ft.

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.
  1. Listed by Daniel Hopkins • DRE #02105900 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • 562-684-6758
  2. 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 Total
2
Private Pool
No
Cooling Type
Wall/Window
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2148

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Daniel Hopkins, DRE #02105900; Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720
Add your commute
LISTING UPDATED: 05/25/2024 01:45 PM

Property Details for 643 West 15th Street

StatusActive
MLS #PW24097243
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1917
Lot Size0.11 AC / 5,002 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Daniel Hopkins, DRE #02105900; Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720
Add your commute

Building Information for 643 West 15th Street

Stories1Residences-Year Built1917Building Size-Lot Size0.11 AC / 5,002 SF

Payment Calculator

$5,005 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,229

Property Taxes

$776

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 643 West 15th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $35,400
  • Net Operating Income: $23,010
  • Current Financing: FHA
Expense Details
  • Operating Expense: $12,390
  • Operating Expense Percent: 35.00%
  • Fuel Expense: $1
  • Electric Expense: $1
  • Insurance Expense: $1
  • Trash Expense: $1
  • Water Sewer Expense: $1
  • Total Expenses: $12,390
Tax / Assessment Info
  • Tax Block: 18
  • Tax Tract Number: 2969
  • Tax Census Tract: 2969.01
  • CFD/Mello-Roos Fee: $321
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Open Floorplan
  • Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Laundry Location: Laundry Room
  • Laundry Utilities: Washer Hookup, Gas & Electric Dryer HU
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Structure Type: Duplex
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: Alley, City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Features: Garage, Off Street
Property / Structure Info
  • Residential Styles: Townhome
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • 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: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • 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: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • 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 643 West 15th 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 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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643 West 15th Street is a townhouse for sale in San Pedro, CA 90731. This property was listed for sale on May 3, 2024 by Lyon Stahl Investment Real Est, it's currently listed at $775,000. It has been on the market for a total of 18 days and was last sold on August 26, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Fifteenth Street Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 643 West 15th Street is a 4-bed, 2-bath, 2,148 sqft townhouse built in 1917.

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 Lyon Stahl Investment Real Est, Daniel Hopkins, DRE #02105900; Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720

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.