576 West 13th Street
$1,650,000
2
6
4,664
4,664
$354
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%!
- 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 PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4664
Assessor Parcel Number7454-020-007
Property Attached YNtrue
LISTING UPDATED: 10/02/2024 12:59 PM
Property Details for 576 West 13th Street
Status | Active |
---|---|
MLS # | SB24202185 |
Days on Market | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1959 |
County | Los 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
Property History for 576 West 13th 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 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.
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