521 W 16th Unit 4, San Pedro, CA 90731
- $950,000
- List Price
- $950,000
- Status
- ACTIVE
- MLS#
- SR26164033
- Year Built
- 1922
- Lot Size
- 4,385
- Acres
- 0.10
- Lot Location
- Front Yard, Level
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
Don't miss this exceptional opportunity to own an income-producing fourplex located just a few blocks from Cabrillo Beach and within walking distance of local shops, restaurants, and neighborhood amenities. The property consists of two separate buildings, (total of four (4) units) each containing two one-bedroom, one-bathroom units(approximately 500 square feet each) Every unit features a cozy living room, kitchen, full bathroom, and in-unit washer and dryer hookups. Two of the units have been recently upgraded (as shown in the photos), and the property also benefits from a recently upgraded roof. All four units are currently occupied by long-term tenants, providing immediate and stable rental income. This is a great investment opportunity with strong long-term potential. In addition, there may be the possibility of converting a portion of the property into parking (buyer to verify all development potential and requirements with the appropriate governmental agencies). Please Note: Showings are by appointment only. Do not disturb the occupants. No viewing of the property will be permitted without a prior confirmed appointment.
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Additional Information
- Pool Description
- None
- Heat
- Natural Gas, Wall Furnace
- Cooling Description
- None
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $68,628
- Operating Expense
- 4800
- Levels
- One
Listing courtesy of Listing Agent: Dareh Gregorian (dareh@executiverf.com) from Listing Office: Executive Realty & Finance.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.