576 West 13th Street

San Pedro, CA 90731

$1,650,000
Price
2
Beds
6
Baths
4,664 Sq. Ft.
$354 / Sq. Ft.
4,664
Sq. Ft.
$354
per Sq. Ft.

Description

Step into a rare opportunity to invest in the vibrant community of San Pedro with this well-maintained 6-unit apartment building at 576 W 13th St. Each unit offers efficiently designed two-bedroom, one-bath layouts, providing a balance of comfort and functionality. The property features tuck-under parking and has recently completed a soft-story retrofit, enhancing structural safety and ensuring long-term durability. Located in a high-demand rental market with vacancy rates around 4.5%, this property...Step into a rare opportunity to invest in the vibrant community of San Pedro with this well-maintained 6-unit apartment building at 576 W 13th St. Each unit offers efficiently designed two-bedroom, one-bath layouts, providing a balance of comfort and functionality. The property features tuck-under parking and has recently completed a soft-story retrofit, enhancing structural safety and ensuring long-term durability. Located in a high-demand rental market with vacancy rates around 4.5%, this property presents a substantial rental upside—with potential rent growth of up to 40% as units become available. A new owner can also benefit from additional income through on-site parking fees. The building includes an onsite laundry facility, offering convenience to tenants and adding to the property's appeal. Just a few blocks away is the anticipated 42-acre San Pedro West Harbor Project, a $170 million waterfront development that will feature a 6,200-seat amphitheater, along with premier dining, retail, and entertainment options. This redevelopment is poised to transform the local area and has the potential to enhance property values as it becomes a central lifestyle destination in Los Angeles. San Pedro combines coastal charm with urban accessibility, known for its quaint neighborhoods, vibrant arts scene, and rich maritime history. Residents enjoy proximity to beaches, waterfront promenades, and attractions like the Battleship USS Iowa Museum and the Cabrillo Marine Aquarium. The area offers a lively restaurant and shopping scene, providing a blend of small-town ambiance with big-city amenities. This property offers an excellent balance of immediate income and long-term appreciation potential, making it ideal for investors looking to expand their portfolio in a growing market. Don’t miss out on this opportunity to own a solid, income-producing asset with a projected cap rate above 7%!
  1. Listed by L'mar Kojani • DRE #01970704 • Brokerage DRE #01854035 • Keller Williams South Bay • 310-733-6819

Property Details for 576 West 13th Street

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4664
Assessor Parcel Number
7454-020-007
Property Attached YN
true
LISTING UPDATED: 10/02/2024 12:59 PM

Property Details for 576 West 13th Street

StatusActive
MLS #SB24202185
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyLos Angeles County

Building Information for 576 West 13th Street

Building/Complex576 W 13th StFloor-Stories2Residences-Pet Policy-Year Built1959Building Size-

Property Information for 576 West 13th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $109,824
  • Gross Scheduled Income: $109,824
  • Net Operating Income: $53,513
Expense Details
  • Operating Expense: $56,311
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Total Expenses: $56,311
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 060...
  • Tax Census Tract: 2969.02
  • CFD/Mello-Roos Fee: $986
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Fishing, Hiking, Park, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 6
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $109,824
  • Unit Type Total Rent: $109,824
  • Unit Type Pro Forma: 180000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6

Property History for 576 West 13th 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 576 West 13th Street

Taxable ValueLand$964,981Additions$562,904Total$1,527,885
Tax Record2024$19,316 ($1,610 / month)
Home Facts
Total Finished SqFt4,664 SqFtAbove Grade Finished SqFt4,664 SqFtLot Size5,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLARD1.5CountyLOS ANGELESAPN7454-020-007

Schools near 576 West 13th 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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576 West 13th Street is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on September 29, 2024 by Keller Williams South Bay, it's currently listed at $1,650,000. It has been on the market for a total of 31 days and was last sold on March 31, 2020. 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. 576 West 13th Street is a 2-bed, 6-bath, 4,664 sqft multi-family home built in 1959.

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 Keller Williams South Bay, L'mar Kojani, DRE #01970704

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.