805 South Centre Street

San Pedro, CA 90731

$1,400,000
Price
5
Beds
8
Baths
3,340 Sq. Ft.
$419 / Sq. Ft.
3,340
Sq. Ft.
$419
per Sq. Ft.

Description

8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity....

Property Details for 805 South Centre Street

Parking Spaces Total
2
Private Pool
No

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Property Details for 805 South Centre Street

StatusWithdrawn / Cancelled
MLS #SB21032139
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.10 AC / 4,499 SF
CountyLos Angeles County

Listing Agent

Olga Wright

Olga Wright

Lyon Stahl Investment Real Estate, Inc.

olga@lyonstahl.com

P: 310.606.2076

M: 310.801.7373

DRE #01315042

Contact Agent(s)

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Building Information for 805 South Centre Street

Stories2Residences-Year Built1906Building Size-Lot Size0.10 AC / 4,499 SF

Payment Calculator

$4,692 per month

30 year fixed, 2.95% Interest

Principal and Interest

$4,692

Property Taxes

HOA Dues

$0

Property Information for 805 South Centre Street

Property Features
    Interior Features
  • Common Walls: 2+ Common Walls
  • Fireplace: No
  • Fireplace Features: None
  • Flooring Type: Wood
  • Laundry: Yes
  • Laundry Features: Common Area
  • Levels: Two
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 8.0
    Exterior Features
  • Pool Features: None
  • Spa: No
  • Spa Features: None
    Parking Info
  • Carport Spaces: 0
  • Garage Spaces: 2
  • Parking Features: Garage, Street
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • Construction Materials: Wood Siding
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 7455010009
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1906
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 3340
  • Building Area Units: Square Feet
  • Living Area: 3340
Community/Development / Location Info
    School/Location Info
  • Zip Code: 90731
  • Street Number Numeric: 805.0
  • Street Name: Centre
  • Street Direction Prefix: S
  • Street Suffix: Street
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: Take the 110-S to Gaffey Street and turn left onto 6th and right onto S Centre.
  • Area: Plaza (185)
    Association Information
  • Community Features: Sidewalks, Street Lights, Urban
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Assessments: None
  • Assessments YN: No
  • Tax Block: 39
  • Tax Lot: 30
  • Tax Tract Number: 13245
  • Zoning: Assessor
    Income Details
  • Cap Rate: 4.27
  • Gross Income: $110,784
  • Gross Multiplier: 12.64
  • Gross Operating Income: $107,460
  • Gross Scheduled Income: $110,784
  • Net Operating Income: $59,830
  • Vacancy Allowance Rate: 3
    Expense Details
  • Electric Expense: $3,100
  • Fuel Expense: $3,200
  • Insurance Expense: $3,712
  • Maintenance Expense: $5,539
  • New Taxes Expense: $16,940
  • Operating Expense: $47,630
  • Professional Management Expense: $5,539
  • Total Expenses: $47,630
  • Trash Expense: $2,800
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Sewer Expense: $5,900
  • Gardener Expense: $900
Unit Information
    Unit 1
  • Unit Type Actual Rent: $1,050
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1595
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,050
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $1,350
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1595
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,350
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $997
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1595
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $997
  • Unit Type Type: 3
    Unit 4
  • Unit Type Actual Rent: $945
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1595
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $945
  • Unit Type Type: 4
    Unit 5
  • Unit Type Actual Rent: $1,450
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1595
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,450
  • Unit Type Type: 5
    Unit 6
  • Unit Type Actual Rent: $1,250
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1250
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,250
  • Unit Type Type: 6
    Unit 7
  • Unit Type Actual Rent: $1,095
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1250
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,095
  • Unit Type Type: 7
    Unit 8
  • Unit Type Actual Rent: $1,095
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1250
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,095
  • Unit Type Type: 8
    Multi-Unit Info
  • Price Per Unit: $175,000
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: Yes
  • Tenant Pays: None
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Acres: .10
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4500
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 805 S Centre St

DateEvent & SourcePriceAppreciation
Mar 22, 2021

Withdrawn / Cancelled

CRMLS #SB21032139

Mar 22, 2021

Withdrawn / Cancelled

SDMLS #SB21032139

Mar 22, 2021

Withdrawn / Cancelled

CLAW #SB21032139MR

DateEvent & SourcePrice
03/22/2021

Withdrawn / Cancelled

CRMLS #SB21032139

03/22/2021

Withdrawn / Cancelled

SDMLS #SB21032139

03/22/2021

Withdrawn / Cancelled

CLAW #SB21032139MR

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 805 South Centre Street


SchoolTypeGradesDistanceRating
Alliance Alice M. Baxter College-Ready High SchoolCharter9-120.2 mi
7
Port Of Los Angeles High SchoolCharter9-120.3 mi
7
Cabrillo Avenue Elementary SchoolPublicK-50.6 mi
3
Mary Star Of The Sea Elementary SchoolPrivateK-80.7 mi
NR

Alliance Alice M. Baxter College-Ready High School

9-12, 0.2 mi, Charter

7

Port Of Los Angeles High School

9-12, 0.3 mi, Charter

7

Cabrillo Avenue Elementary School

K-5, 0.6 mi, Public

3

Mary Star Of The Sea Elementary School

K-8, 0.7 mi, Private

NR

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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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.