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764 W Sepulveda Street

San Pedro, CA 90731
  • $999,000
  • STATUS: Active Under Contract
  • ON SITE: 58 Days
  • ID#: PW24023021
Under Contract
$999,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Wendy Rich-Soto of Keller Williams Realty (310-519-1080) and Rachel Rodriguez of Keller Williams Realty(310-519-1080)


Description

Fantastic INVESTMENT opportunity to own 2 HOMES ON ONE LOT in San Pedro! This is not a house with an ADU, it is a legal DUPLEX with two totally separated homes. Located ABOVE GAFFEY Street, this property has been in this family for generations. Ample gated off street parking for 6+ vehicles. Front house features a new roof, two bedrooms and one bath. Home has been updated and primary bedroom is very large. House also has laundry inside. Covered front porch and rear porch as well. Kitchen and baths have been updated in the last 5 years. Second home is larger and features 3 bedrooms and 2 baths. Bottom floor bedroom and bathroom. Laminate flooring throughout. Inside laundry located behind kitchen. Large dining room will easily fit a table with 8 chairs. Upstairs you will find two additional bedrooms and another bath. All modifications were done with permits. Back house also has a good sized basement for additional storage. Homes have both been tented with termite work done within the last year. Both houses have their own meters for utilities with the exception of water/sewer which is shared. This property will be delivered vacant to the new owner so you can take advantage of today's rents. This is a legal duplex. Located near shopping and restaurants as well as freeway and bridge access points. With the downtown improvements and along the waterfront including West Harbor which is a development bringing stores, restaurants and a 6200 seat amphitheater for upcoming concerts overlooking the harbor, San Pedro is an up and coming community at the end of the peninsula with two public beaches, an artist colony with several galleries, fantastic local culture and more! Please do not disturb occupants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147856229
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764 W Sepulveda Street San Pedro, CA 90731

  • Price: $999,000
  • Status: Active Under Contract
  • On Site: 58 Days
  • ID#: PW24023021
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1947
Built
Neighborhood:
187 - Holy Trinity
County:
Los Angeles
Area:
187 - Holy Trinity
Property Description
Fantastic INVESTMENT opportunity to own 2 HOMES ON ONE LOT in San Pedro! This is not a house with an ADU, it is a legal DUPLEX with two totally separated homes. Located ABOVE GAFFEY Street, this property has been in this family for generations. Ample gated off street parking for 6+ vehicles. Front house features a new roof, two bedrooms and one bath. Home has been updated and primary bedroom is very large. House also has laundry inside. Covered front porch and rear porch as well. Kitchen and baths have been updated in the last 5 years. Second home is larger and features 3 bedrooms and 2 baths. Bottom floor bedroom and bathroom. Laminate flooring throughout. Inside laundry located behind kitchen. Large dining room will easily fit a table with 8 chairs. Upstairs you will find two additional bedrooms and another bath. All modifications were done with permits. Back house also has a good sized basement for additional storage. Homes have both been tented with termite work done within the last year. Both houses have their own meters for utilities with the exception of water/sewer which is shared. This property will be delivered vacant to the new owner so you can take advantage of today's rents. This is a legal duplex. Located near shopping and restaurants as well as freeway and bridge access points. With the downtown improvements and along the waterfront including West Harbor which is a development bringing stores, restaurants and a 6200 seat amphitheater for upcoming concerts overlooking the harbor, San Pedro is an up and coming community at the end of the peninsula with two public beaches, an artist colony with several galleries, fantastic local culture and more! Please do not disturb occupants.
Exterior Features

Architectural Style CottageOther Construction Materials FrameStucco Entry Level 1 Entry Location Front door Fencing BlockGood Condition Foundation Details Raised Lot Features Front YardPavedYard Number Of Separate Electric Meters 2 Other Structures Two On A Lot Parking Features DrivewayGatedOff StreetPavedPrivateSee Remarks Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features ParkingSee Remarks Appliances DisposalGas RangeWater Heater Basement YN Yes Common Walls No Common Walls Cooling None Cooling YN No Door Features Panel Doors Fireplace Features None Fireplace YN No Flooring LaminateWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)Bedroom on Main Level Window Features ScreensShutters

Property Features

Additional Parcels YN No Cap Rate 7.5 Common Interest None Community Features CurbsGutter(s)Street LightsSuburbanSidewalks Contingency Seller wishes to stay in back unit until they find their replacement property. They are willing to pay rent at an agreed upon amount until they find their new home. Already actively searching. Front house will be delivered vacant at close. Current Financing None Disclosures Rent Control Electric Standard Exclusions RefrigeratorWasher/Dryer negotiable Garage YN No Gross Income 75000 Gross Scheduled Income 75000 Inclusions Window coverings other appliances Insurance Expense 3000 Land Lease YN No Laundry Features Electric Dryer HookupInsideSee Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalCal Vet Loan1031 ExchangeFHAFannie MaeFreddie MacSubmitVA Loan Net Operating Income 57000 New Construction YN No New Taxes Expense 10000 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 0 Operating Expense 15000 Possession NegotiableSee Remarks Property Condition Updated/Remodeled Property Sub Type Duplex Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TVSee Remarks Total Actual Rent 75000 Trash Expense 900 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 25 Water Sewer Expense 2100 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Wendy Rich-Soto of Keller Williams Realty (310-519-1080) and Rachel Rodriguez of Keller Williams Realty(310-519-1080)