826 S Walker Avenue

    San Pedro, CA 90731
    • $2,150,000
    • STATUS: Active Under Contract
    • ON SITE: 147 days
    • ID#: SB19094473
    Under Contract
    UPDATED: 38 min ago
    $2,150,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,827
      SQFT
    • $315
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    The subject property is a 7 unit apartment complex in PRIME Upper Del Oro neighborhood of San Pedro situated on a large 11,830 square foot corner parcel at 9th and Walker. It was originally constructed in the 1940+GGs in a Spanish Architectural style with a 3 bedroom 3 bath house on the corner which has a front patio and side courtyard; and a Spanish style duplex on 9th Street featuring two 2 bedroom 2 bath units, an outdoor patio and a shared 2 car garage. The remaining 4 units are on the same lot but in a separate 4 unit building that was built in 1960 and has two 2 bedroom 1 bath units and two 1 bedroom 1 bath units. Two of the units are over the laundry room/5 car garage parking.The property is well maintained and 100% leased with rents very close to market, but with some units having potential upside as they turn over. The property is in an A+ location in Upper Del Oro and is a 7 minute stroll to the retail stores and restaurants on Weymouth Corners as well major employers such as Little Company of Mary and the medical offices along 6th Street at Walker Avenue. The apartments are walking distance to places of worship and a 10 minute walk to Seventh Street Elementary School. There are partial Harbor and Water views from the patios and the upper balcony on the rear 4 unit building.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. 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 deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94064442

    826 S Walker Avenue San Pedro, CA 90731

    • Price: $2,150,000
    • Status: Active Under Contract
    • Updated: 38 min ago
    • ID#: SB19094473
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    6,827
    SQFT
    $315
    $/SQFT
    1947
    Built
    Neighborhood:
    187 - Holy Trinity
    County:
    Los Angeles
    Area:
    187 - Holy Trinity
    Property Description
    The subject property is a 7 unit apartment complex in PRIME Upper Del Oro neighborhood of San Pedro situated on a large 11,830 square foot corner parcel at 9th and Walker. It was originally constructed in the 1940+GGs in a Spanish Architectural style with a 3 bedroom 3 bath house on the corner which has a front patio and side courtyard; and a Spanish style duplex on 9th Street featuring two 2 bedroom 2 bath units, an outdoor patio and a shared 2 car garage. The remaining 4 units are on the same lot but in a separate 4 unit building that was built in 1960 and has two 2 bedroom 1 bath units and two 1 bedroom 1 bath units. Two of the units are over the laundry room/5 car garage parking.The property is well maintained and 100% leased with rents very close to market, but with some units having potential upside as they turn over. The property is in an A+ location in Upper Del Oro and is a 7 minute stroll to the retail stores and restaurants on Weymouth Corners as well major employers such as Little Company of Mary and the medical offices along 6th Street at Walker Avenue. The apartments are walking distance to places of worship and a 10 minute walk to Seventh Street Elementary School. There are partial Harbor and Water views from the patios and the upper balcony on the rear 4 unit building.
    Exterior Features

    Carport Spaces 5.00 Garage Spaces 2.00 Lot Features Corner LotLot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.55 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 1624.00 Elevation Units Feet Fuel Expense 813.00 Garage Income 2400.00 Garage Rental Rate 200.00 Gross Income 146292.00 Gross Multiplier 14.70 Gross Operating Income 143432.00 Gross Scheduled Income 146292.00 Insurance Expense 2603.00 Land Lease YN No Laundry Income 900.00 Laundry YN Yes Net Operating Income 97724.00 New Construction YN No New Taxes Expense 25714.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 45708.00 Pest Control Expense 660.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 11916.00 Total Expenses 45708.00 Trash Expense 2728.00 Vacancy Allowance 2860 Vacancy Allowance Rate 3.00 Water Sewer Expense 1624.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Stephen Lampe of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. 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 deemed reliable but is not guaranteed accurate by the MLS or Heller The Home Seller | Keller Williams Realty. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024