$1,100,000 - 680 18th Street, San Pedro
- 6Beds
- 5Baths
- 0SQ. Feet
- 0.11Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:SB24033109
- Price:$1,100,000
- Bedrooms:6
- Bathrooms:5.00
- Acres:0.11
- Year Built:1970
- Type:Residential Income
- Sub-Type:Triplex
- Status:Active
- Listing Agent:Ante Perkov
- Listing Office:Capwest Real Estate
Community Information
- Address:680 18th Street
- Area:185 - Plaza
- City:San Pedro
- County:Los Angeles
- Zip Code:90731
Amenities
- Parking Spaces:6
- # of Garages:6
- Pool:None
Interior
- # of Stories:2
- Stories:One
Exterior
- Lot Description:0-1 Unit/Acre
Additional Information
- Date Listed:February 15th, 2024
- Days on Market:83
- Zoning:LAR2
Similar Type Properties to SB24033109, 680 18th Street, San Pedro
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Special Triplex With Rent Control Exempt Back D...
Similar Neighborhoods in San Pedro, California
Back to Results- City:
- San Pedro
- Price Range:
- $559,000 - $2,750,000
- Current Listings:
- 46
- HOA Dues:
- $0
- Average Price per Square Foot:
- $354
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Based on information from California Regional Multiple Listing Service, Inc. as of May 9th, 2024 at 2:15am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.