848 West 11th Street

San Pedro, CA 90731

$850,000
Last Sold Price
6
Beds
3
Baths
2,550 Sq. Ft.
$333 / Sq. Ft.
2,550
Sq. Ft.
$333
per Sq. Ft.

Description

Huge price reduction! Tremendous opportunity to own a duplex that can provide a minimum of $5000 per month cash flow. Front home is a 3 bedroom 1 bath 1,005 sq ft home with a very nicely renovated cellar that can easily be an office or used as a 4th bedroom. The home also features indoor laundry, a 1 car garage and an ADT Alarm system complete with cameras. The rear home is a 3 bedroom 2 bathroom and offers a very spacious 1,550 sq ft (home was expanded with permits). The rear unit also has a 1 car...Huge price reduction! Tremendous opportunity to own a duplex that can provide a minimum of $5000 per month cash flow. Front home is a 3 bedroom 1 bath 1,005 sq ft home with a very nicely renovated cellar that can easily be an office or used as a 4th bedroom. The home also features indoor laundry, a 1 car garage and an ADT Alarm system complete with cameras. The rear home is a 3 bedroom 2 bathroom and offers a very spacious 1,550 sq ft (home was expanded with permits). The rear unit also has a 1 car garage with direct access, indoor laundry and Central AC and Heat! ATTENTION: Both units have been equipped with freshly installed solar panels which will allow the rents to be increased within rent control guidelines as tenants will have a greatly reduced electricity bill. New owner must factor this in when calculating rent amount. Front unit to be delivered vacant, rear unit lease is a month-to-month. This property is turnkey and ready to go. ATTENTION: There is separate electric panels, however the Solar Power system will provide power to both homes significantly reducing the tenant's electricity costs and allowing the rent to be increased within the 12 month period. Property is zoned r3. Huge price reduction, seller is motivated!
  1. Listed by Michael Schiotis • DRE #01945651 • Brokerage DRE #02085723 • Realty One Group Synergy
  2. Listed by Laura Reyes • DRE #00887739 • Brokerage DRE #02085723 • Realty One Group Synergy

Property Details for 848 West 11th Street

Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2550
Assessor Parcel Number
7454-015-014

Location

Listing Courtesy of Realty One Group Synergy, Michael Schiotis, DRE #01945651; Realty One Group Synergy, Laura Reyes, DRE #00887739

Sold By Realty One Group Synergy, Michael Schiotis, DRE #01945651

Add your commute
LISTING UPDATED: 05/27/2022 03:59 AM

Property Details for 848 West 11th Street

StatusClosed
MLS #PW20014248
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.11 AC / 4,800 SF
CountyLos Angeles County

Location

Listing Courtesy of Realty One Group Synergy, Michael Schiotis, DRE #01945651; Realty One Group Synergy, Laura Reyes, DRE #00887739

Sold By Realty One Group Synergy, Michael Schiotis, DRE #01945651

Add your commute

Building Information for 848 West 11th Street

Stories2Residences-Year Built1953Building Size-Lot Size0.11 AC / 4,800 SF

Payment Calculator

$5,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$918

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 848 West 11th Street

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $57,000
  • Gross Scheduled Income: $60,000
  • Vacancy Allowance: 12100
  • Gross Operating Income: $47,900
  • Net Operating Income: $44,900
  • Current Financing: FHA
Expense Details
  • Operating Expense: $15,100
  • New Taxes Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,100
  • Trash Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 32
  • Tax Tract Number: 2969
  • Tax Census Tract: 2969.02
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Closet, In Kitchen, Inside, Washer Hookup
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central, Wall
  • Heating: Central, Wall Furnace
Exterior Features
  • Security Features: Security System
  • Construction Materials: Block, Plaster, Stucco
  • Exterior Construction: Block, Plaster, Stucco
  • Exterior: Block, Stucco
  • Roof: Composition
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Lawn, Level with Street
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Water Connected
  • Electric: Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Door Opener, Garage - 1 Car
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door, Garage Door Opener
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $27,000
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 848 West 11th 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 848 West 11th Street

Taxable ValueLand$630,706Additions$262,793Total$893,499
Tax Record2023$11,014 ($918 / month)
Home Facts
Total Finished SqFt2,102 SqFtAbove Grade Finished SqFt2,102 SqFtLot Size4,800 SqFtStyleDuplexYear Built1953ZoningLARD2CountyLOS ANGELESAPN7454-015-014

Schools near 848 West 11th 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
Cabrillo Avenue 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Realty One Group Synergy, Michael Schiotis, DRE #01945651; Realty One Group Synergy, Laura Reyes, DRE #00887739

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.