3531 South Peck Avenue

San Pedro, CA 90731

$1,445,000
Price
4
Beds
4
Baths
3,144 Sq. Ft.
$460 / Sq. Ft.
3,144
Sq. Ft.
$460
per Sq. Ft.

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...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.
  1. Listed by CRAIG PHILLIPS • DRE #00574819 • Brokerage DRE #01125429 • LEE & ASSOC. COMM. R.E. SERV. • 213-618-2565

Property Details for 3531 South Peck Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3144
Assessor Parcel Number
7467-011-008
Property Attached YN
true
LISTING UPDATED: 10/24/2024 03:20 AM

Property Details for 3531 South Peck Avenue

StatusActive
MLS #WS24152160
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
CountyLos Angeles County

Building Information for 3531 South Peck Avenue

Building/Complex3531 S Peck AveFloor-Stories2Residences-Pet Policy-Year Built1950Building Size-

Property Information for 3531 South Peck Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $83,228
  • Gross Operating Income: $83,228
  • Net Operating Income: $56,185
  • Number Of Rented Garages: 4
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Gross Multiplier: 17.36
  • Cap Rate: 3.88
Expense Details
  • Operating Expense: $27,042
  • New Taxes Expense: $17,792
  • Gardener Expense: $1,560
  • Fuel Expense: $715
  • Electric Expense: $376
  • Insurance Expense: $2,461
  • Trash Expense: $597
  • Water Sewer Expense: $2,826
  • Total Expenses: $27,042
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract Number: 30
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 19
Community / Development
Community / Development
  • Community Features: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: Peck Rd
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 7467011007
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,393
  • Unit Type Total Rent: $1,393
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,281
  • Unit Type Total Rent: $1,281
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,067
  • Unit Type Total Rent: $2,067
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 3531 South Peck Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3531 South Peck Avenue

Taxable ValueLand$492,139Additions$262,473Total$754,612
Tax Record2024$9,270 ($772 / month)
Home Facts
Total Finished SqFt1,288 SqFtAbove Grade Finished SqFt1,288 SqFtLot Size5,000 SqFtStyleDuplexYear Built1950ZoningLARD2CountyLOS ANGELESAPN7467-011-008

Schools near 3531 South Peck Avenue

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
Leland 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.

Similar Homes

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3531 South Peck Avenue is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on July 23, 2024 by LEE & ASSOC. COMM. R.E. SERV., it's currently listed at $1,445,000. It has been on the market for a total of 98 days and was last sold on August 6, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Leland Street Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 3531 South Peck Avenue is a 4-bed, 4-bath, 3,144 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LEE & ASSOC. COMM. R.E. SERV., CRAIG PHILLIPS, DRE #00574819

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.