680 West 18th Street
680 West 18th Street
$1,100,000
6
5
3,516
3,516
$313
Active Under Contract
Description
Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces,...Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area. Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment. Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront & Amphitheater Development and a growing music and brewery scene are just some of the reasons to "explore more". This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand. Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase for existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.
- Listed by Ante Perkov • DRE #01090857 • Brokerage DRE #01090857 • Capwest Real Estate • 3107809071
Property Details for 680 West 18th Street
Parking Spaces Total
6
Private PoolNo
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3516
Assessor Parcel Number7462-005-026
Property Attached YNtrue
Location
LISTING UPDATED: 05/27/2024 12:40 AM
Property Details for 680 West 18th Street
Status | Active Under Contract |
---|---|
MLS # | SB24033109 |
Days on Market | 101 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1970 |
Lot Size | 0.11 AC / 5,000 SF |
County | Los Angeles County |
Location
Building Information for 680 West 18th Street
Stories2Residences-Year Built1970Building Size-Lot Size0.11 AC / 5,000 SF
Payment Calculator
$6,992 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 680 West 18th Street
Property History for 680 West 18th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 680 West 18th Street
Taxable ValueLand$669,888Additions$281,348Total$951,236
Tax Record2023$11,864 ($989 / month)
Home Facts
Total Finished SqFt3,516 SqFtAbove Grade Finished SqFt3,516 SqFtStories1Lot Size5,000 SqFtStyleTriplexYear Built1920ZoningLAR2CountyLOS ANGELESAPN7462-005-026
Schools near 680 West 18th 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 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Fifteenth Street Elementary School PublicK to 5 | ||
Richard Henry Dana Middle School Public6 to 8 | ||
San Pedro Senior High School Public9 to 12 | ||
Point Fermin Elementary School PublicK to 5 |
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.
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