Sold

$1,050,000

1035 S Alma Street, San Pedro, CA 90731

2,784 Sq.Ft.
Est. payment from /mo Get Pre-Approved

Property Description

Are you tired of all the so called "income properties" coming up at more than 20 x the gross annual rents and a cap rate of about zero\? If so, this property is exactly what you've been looking to add to your real estate portfolio. It a sweet low-maintenance 1950's fourplex located in a wonderful area of San Pedro and at 15.3 x gross annual rents and a 4.4% cap rate, it even makes great financial sense. One unit has just been freshly painted, newly carpeted and is move-in ready. The others are tenant occupied. New main water line from meter to building was recently installed. There's a large parking area for 8 cars in the back of the building as well as a community laundry room. This property is in a great area that's just minutes from freeway access, the downtown business district, the waterfront redevelopment and the ocean bluffs. It makes just as much sense for an owner occupant as it does for an investor so it's sure to attract alot of attention. DON'T MISS IT!!!
Are you tired of all the so called "income properties" coming up at more than 20 x the gross annual rents and a cap rate of about zero\? If so, this property is exactly what you've been looking to add to your real estate portfolio. It a sweet low-maintenance 1950's fourplex located in a wonderful area of San Pedro and at 15.3 x gross annual rents and a 4.4% cap rate, it even makes great financial sense. One unit has just been freshly painted, newly carpeted and is move-in ready. The others are tenant occupied. New main water line from meter to building was recently installed. There's a large parking area for 8 cars in the back of the building as well as a community laundry room. This property is in a great area that's just minutes from freeway access, the downtown business district, the...
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Interior

Kitchen
Free-Standing Range, Range Hood
Laundry Room
Common Area, See Remarks
Flooring
Carpet, Vinyl
Fireplace
None

Area & Lot

Lot Size
5,362.236 Sq.Ft.
MLS® ID
SB22035990
Type
Multi-Family
Year Built
1950
Neighborhood
San Pedro
View Description
None

Exterior & Building

Stories
2
Water Source
Public
Pool
None
Lot Features
Front Yard
Parking
Asphalt
Heat Type
Wall Furnace
Air Conditioning
None
Sewer
Public Sewer

Finance

Reduced Price
Price Upon Request
Zoning
LARD1.5
1035 S Alma Street
name

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