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966 W 11th St

San Pedro, CA 90731
  • $3,725,000
  • STATUS: Active Under Contract
  • ON SITE: 145 Days
  • ID#: 22-179039
Under Contract
UPDATED: 47 min ago
$3,725,000
  • 24
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,014
    SQFT
  • $286
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Description

966 W 11th Street is a 16 Unit Near Downtown San Pedro. The property totals 13,014-square feet and sits on a 12,151-square foot lot. The subject property is being offered at $286.23/PSF and at $232,81/Per Unit. The subject property has roughly 33% in rental upside. Parking consists of 17 gated entry spaces. Three units are Section 8 tenants and there are currently two vacancies. The Unit Mix consists of (9) 1-Bd/1-Ba units, (3) 2-Bd/2-Ba units, (3) 2-Bd/1-Ba units, and (1) 3-Bd/2-Ba unit. This is a unique opportunity to purchase a large multifamily asset located in the rapidly growing San Pedro sub-market. Property is under Los Angeles Rent Control. To the best of our knowledge it is worth noting that there are several non-paying tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-07T10:42:48.187. 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.realestatetoolbox.com/homes/130912537
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966 W 11th St San Pedro, CA 90731

  • Price: $3,725,000
  • Status: Active Under Contract
  • On Site: 145 Days
  • Updated: 47 min ago
  • ID#: 22-179039
24
Beds
0
Baths
0
½ Baths
0.28
Acres
13,014
SQFT
$286
$/SQFT
1973
Built
Neighborhood:
Vista Del Oro
County:
Los Angeles
Area:
Vista Del Oro
Property Description
966 W 11th Street is a 16 Unit Near Downtown San Pedro. The property totals 13,014-square feet and sits on a 12,151-square foot lot. The subject property is being offered at $286.23/PSF and at $232,81/Per Unit. The subject property has roughly 33% in rental upside. Parking consists of 17 gated entry spaces. Three units are Section 8 tenants and there are currently two vacancies. The Unit Mix consists of (9) 1-Bd/1-Ba units, (3) 2-Bd/2-Ba units, (3) 2-Bd/1-Ba units, and (1) 3-Bd/2-Ba unit. This is a unique opportunity to purchase a large multifamily asset located in the rapidly growing San Pedro sub-market. Property is under Los Angeles Rent Control. To the best of our knowledge it is worth noting that there are several non-paying tenants.
Exterior Features

Covered Parking 15 Direction Faces West Entry Location Ground Level W/Steps Garage Structures Total 1 Lot Size Area 12151 Other Structures None Parking Garage Auto Driveway GateCommunity GarageControlled EntranceCovered ParkingDriveway Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 17

Interior Features

Baths Total 20.00 Cooling None Equipment DishwasherFreezerDryerWasherRefrigeratorRange/Oven Heating Wall Laundry Community

Property Features

Assessed Total Value 393758 Gross Income 291228 Gross Operating Income 282581 Like Units1 9 Like Units2 3 Like Units3 3 Like Units4 1 Net Operating Income 186888.00 Number Of Buildings 1 Number Of Units 16 Rent Control YN Yes Sale Type Probate Listing Security Features Automatic Gate Source Living Area Estimated Source Lot Size Area Estimated Source Lot Size Dimensions Other Total Annual Expense 95694 Type Of Units Apartment Year Built Source Estimated Zoning Lard2

Listing provided courtesy of Gianluca Jacoli DRE#01938297 of Shield Cre, Inc.: 310-593-9869.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-07T10:42:48.187. 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.
 
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