3531 S Peck Avenue

San Pedro, CA 90731

$1,445,000

List Price

N/A

bed Beds

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shower Baths

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straighten / sqft

1950

calendar_month Built

Property Description

3531 S Peck Ave & 708 W 36th St, San Pedro. These two separate parcels feature 4 units (1BR / 1BA) with a total building area of approximately 3,144 SF and situated on approximately 8,751 SF of land. Located in the desirable coastal neighborhood of Point Fermin in San Pedro, this unique investment opportunity is located adjacent to a park on the west, near beaches and local amenities, highly attractive to potential renters or a potential owner user. These properties have partial ocean views and are situated on uncommonly larger plots of land for coastal cities offering potential for ADU additions or further development. The total gross income expected is approximately $83,228 per year with Peck Rd units between $2067 - $2195 per month whereas 36th St is below market at $1,281 - $1,392. Each tenant is responsible for electricity (separately metered ) and the landlord pays for common area electricity, water/sewer, and gas. New owners seeking an immediate NOI boost can utilized "ratio utility billing" for utility charges beared by the landlord. Earlier this year, the owners spend $32,000 on a new roof and $6,000 on landscaping.

Listing Information

List Price $1,445,000
Status Active
MLS WS24152160
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1950
Lot Size 8,751
Structure Size N/A
DOM 55
Courtesy Of LEE & ASSOC. COMM. R.E. SERV.
Listing Agent CRAIG PHILLIPS DRE#00574819

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: CRAIG PHILLIPS, LEE & ASSOC. COMM. R.E. SERV. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 3rd, 2024 at 9:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.