473 West 21st Street

San Pedro, CA 90731

$858,000
Price
3
Beds
3
Baths
1,898 Sq. Ft.
$452 / Sq. Ft.
1,898
Sq. Ft.
$452
per Sq. Ft.

Description

A well-maintained 3-plex in the highly desirable Point Fermin area of San Pedro is a great investment with strong rental income potential from day one... Two of the one-bedroom, one-bath units are already rented at $1,750 and $1,776 per month, while the vacant unit can be rented at market rates, potentially up to $2,407 under the Section 8 program. For owner-occupants, the vacant unit provides an opportunity to live on-site while generating rental income. Each unit features its own water heater,...A well-maintained 3-plex in the highly desirable Point Fermin area of San Pedro is a great investment with strong rental income potential from day one... Two of the one-bedroom, one-bath units are already rented at $1,750 and $1,776 per month, while the vacant unit can be rented at market rates, potentially up to $2,407 under the Section 8 program. For owner-occupants, the vacant unit provides an opportunity to live on-site while generating rental income. Each unit features its own water heater, upgraded kitchen and bathroom, and a private rear patio. Additionally, there are three attached garages—one currently rented for $160 per month—which could be converted into an Accessory Dwelling Unit (ADU) for added income.
  1. Listed by Olga Wright • DRE #01315042 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 3108017373

Property Details for 473 West 21st Street

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1898
Assessor Parcel Number
7456-035-001
Property Attached YN
true
LISTING UPDATED: 09/18/2024 10:27 PM

Property Details for 473 West 21st Street

StatusActive
MLS #SB24176071
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.12 AC / 5,120 SF
CountyLos Angeles County

Building Information for 473 West 21st Street

Stories1Residences-Year Built1951Building Size-Lot Size0.12 AC / 5,120 SF

Property Information for 473 West 21st Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $160
  • Gross Scheduled Income: $65,112
  • Vacancy Allowance: 1953
  • Net Operating Income: $49,196
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $160
  • Garage Income: $160
  • Gross Multiplier: 12.8
  • Cap Rate: 5.73
Expense Details
  • Operating Expense: $15,883
  • New Taxes Expense: $10,210
  • Insurance Expense: $2,373
  • Maintenance Expense: $1,800
  • Trash Expense: $0
  • Water Sewer Expense: $1,500
  • Total Expenses: $15,883
Tax / Assessment Info
  • Tax Block: 22
  • Tax Tract Number: 2971
  • Tax Census Tract: 2971.20
  • CFD/Mello-Roos Fee: $363
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot, Level, 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: Garage
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Garage
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: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1900
  • 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: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1900
  • 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: $1,776
  • Unit Type Total Rent: $1,776
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • 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 473 West 21st 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 473 West 21st Street

Taxable ValueLand$340,047Additions$226,660Total$566,707
Tax Record2023$7,027 ($586 / month)
Home Facts
Total Finished SqFt1,898 SqFtAbove Grade Finished SqFt1,898 SqFtLot Size5,120 SqFtStyleTriplexYear Built1951ZoningLAR2CountyLOS ANGELESAPN7456-035-001

Schools near 473 West 21st 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
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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473 West 21st Street is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on August 30, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $858,000. It has been on the market for a total of 16 days and was last sold on December 23, 2015. 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. 473 West 21st Street is a 3-bed, 3-bath, 1,898 sqft multi-family home built in 1951.

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 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.