Skip To Content
    Return to Previous Page

    601 W 13Th St

    San Pedro, CA 90731
    • $2,099,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 20-655444
    UPDATED: 6 min ago
    $2,099,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,331
      SQFT
    • $394
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Description

    A unique, plus one opportunity for a savvy Buyer. This 9 unit property was, in the past, operated as a 10 unit. It currently has a Studio-unit-type space that could be converted to a Additional Dwelling Unit (aka ADU), most likely. Buyer to verify. This nice, 9,000 square foot corner lot location is walking distance to the $150MM, San Pedro Waterfront Redevelopment anchored by Gladstones. 150K square feet of retail and dining, 30K of office, and 89K square feet of existing wharf and floating dock space. The property has been upgraded, as needed, as units have turned over...new windows and refurbished interiors. An almost 4.5% cap opportunity day one and then 6.3% on market rents AND THEN CLOSE TO A 7% CAP PROFORMA WITH THE ADDITION OF POTENTIAL ADU INCOME.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-05T09:42:20.677. 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.
    www.trulinerealty.com/homes/111605304
    Print Image

    601 W 13Th St San Pedro, CA 90731

    • Price: $2,099,000
    • Status: Active
    • Updated: 6 min ago
    • ID#: 20-655444
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,331
    SQFT
    $394
    $/SQFT
    1921
    Built
    Neighborhood:
    Plaza
    County:
    Los Angeles
    Area:
    Plaza
    Property Description
    A unique, plus one opportunity for a savvy Buyer. This 9 unit property was, in the past, operated as a 10 unit. It currently has a Studio-unit-type space that could be converted to a Additional Dwelling Unit (aka ADU), most likely. Buyer to verify. This nice, 9,000 square foot corner lot location is walking distance to the $150MM, San Pedro Waterfront Redevelopment anchored by Gladstones. 150K square feet of retail and dining, 30K of office, and 89K square feet of existing wharf and floating dock space. The property has been upgraded, as needed, as units have turned over...new windows and refurbished interiors. An almost 4.5% cap opportunity day one and then 6.3% on market rents AND THEN CLOSE TO A 7% CAP PROFORMA WITH THE ADDITION OF POTENTIAL ADU INCOME.
    Exterior Features

    Lot Size Area 9002 Other Structures None Parking Garage On Street Total Parking 2

    Interior Features

    Baths Total 9.00 Cooling None Equipment Range/Oven Heating Wall

    Property Features

    Gross Income 143940 Gross Operating Income 139622 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 93147.00 Number Of Buildings 2 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 46475 Type Of Units Mixed Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Brice Head DRE#01330706 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-05T09:42:20.677. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-655444-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-655444-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-655444-2.jpg
    Logo
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211