467 West 12th Street

San Pedro, CA 90731

$835,000
Price
4
Beds
4
Baths
1,596 Sq. Ft.
$523 / Sq. Ft.
1,596
Sq. Ft.
$523
per Sq. Ft.

Description

Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to...Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo. each; 1 garage is owners’. Tenants pay their own gas, electric and trash; landlord only pays for the DWP Water service. One tenant is Section 8 and pays $1,795; Other two tenants are NOT Section 8 and pay $1,011 for 1 Bedroom and $919 for 2 Bedroom. Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportation. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.
  1. Listed by Olga Wright • DRE #01315042 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 3108017373

Property Details for 467 West 12th Street

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1596
Assessor Parcel Number
7456-008-005
Property Attached YN
true

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042
Add your commute
LISTING UPDATED: 06/27/2024 11:30 PM

Property Details for 467 West 12th Street

StatusActive
MLS #SB24127790
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.11 AC / 4,986 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042
Add your commute

Building Information for 467 West 12th Street

Stories1Residences-Year Built1948Building Size-Lot Size0.11 AC / 4,986 SF

Payment Calculator

$5,419 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,557

Property Taxes

$862

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 467 West 12th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $48,300
  • Gross Scheduled Income: $44,700
  • Net Operating Income: $31,730
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $150
  • Garage Income: $300
  • Gross Multiplier: 17.29
  • Cap Rate: 4.01
Expense Details
  • Operating Expense: $16,570
  • New Taxes Expense: $10,020
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Insurance Expense: $1,900
  • Maintenance Expense: $1,650
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Total Expenses: $16,570
Tax / Assessment Info
  • Tax Area: 13245
  • Tax Block: 13
  • Tax Tract Number: 2971
  • Tax Census Tract: 2971.10
  • CFD/Mello-Roos Fee: $302
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Walkstreet
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear
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: No
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 2400
  • 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: No
  • Unit Type Actual Rent: $1,011
  • Unit Type Total Rent: $1,011
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $919
  • Unit Type Total Rent: $919
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 467 West 12th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 467 West 12th Street

Taxable ValueLand$253,220Additions$223,101Total$476,321
Tax Record2023$10,341 ($862 / month)
Home Facts
Total Finished SqFt1,596 SqFtAbove Grade Finished SqFt1,596 SqFtLot Size4,986 SqFtStyleTriplexYear Built1948ZoningLAR2CountyLOS ANGELESAPN7456-008-005

Schools near 467 West 12th 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
Charter - 9 to 12
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

Port Of Los Angeles High School
Charter9 to 12

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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467 West 12th Street is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on June 27, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $835,000. It has been on the market for a total of 6 days and was last sold on December 16, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Fifteenth Street Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 467 West 12th Street is a 4-bed, 4-bath, 1,596 sqft multi-family home built in 1948.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042

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.