680 West 18th Street

San Pedro, CA 90731

$1,100,000
Price
6
Beds
5
Baths
3,516 Sq. Ft.
$313 / Sq. Ft.
3,516
Sq. Ft.
$313
per Sq. Ft.

Description

Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces,...Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area. Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment. Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront & Amphitheater Development and a growing music and brewery scene are just some of the reasons to "explore more". This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand. Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase for existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.
  1. Listed by Ante Perkov • DRE #01090857 • Brokerage DRE #01090857 • Capwest Real Estate • 3107809071

Property Details for 680 West 18th Street

Parking Spaces Total
6
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3516
Assessor Parcel Number
7462-005-026
Property Attached YN
true

Location

Listing Courtesy of Capwest Real Estate, Ante Perkov, DRE #01090857
Add your commute
LISTING UPDATED: 05/27/2024 12:40 AM

Property Details for 680 West 18th Street

StatusActive Under Contract
MLS #SB24033109
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.11 AC / 5,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Capwest Real Estate, Ante Perkov, DRE #01090857
Add your commute

Building Information for 680 West 18th Street

Stories2Residences-Year Built1970Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$6,992 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$989

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 680 West 18th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $80,400
  • Vacancy Allowance: 4020
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $76,380
  • Net Operating Income: $49,647
Expense Details
  • Operating Expense: $26,733
  • New Taxes Expense: $15,000
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $600
  • Insurance Expense: $3,000
  • Other Expense: $2,133
  • Other Expense Description: Maint
  • Trash Expense: $0
  • Water Sewer Expense: $6,000
  • Total Expenses: $26,733
Tax / Assessment Info
  • Tax Block: 13
  • Tax Tract Number: 0000
  • Tax Census Tract: 2969.01
  • CFD/Mello-Roos Fee: $455
  • Tax Lot: 28
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Fishing, Hiking, Gutters, Park, Watersports, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • 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: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 2800
  • 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: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 0

Property History for 680 West 18th 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 680 West 18th Street

Taxable ValueLand$669,888Additions$281,348Total$951,236
Tax Record2023$11,864 ($989 / month)
Home Facts
Total Finished SqFt3,516 SqFtAbove Grade Finished SqFt3,516 SqFtStories1Lot Size5,000 SqFtStyleTriplexYear Built1920ZoningLAR2CountyLOS ANGELESAPN7462-005-026

Schools near 680 West 18th 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
Fifteenth 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.

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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 Capwest Real Estate, Ante Perkov, DRE #01090857

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.