467 12Th StLos Angeles, CA 90731

Property Details for 467 12Th St

Year built

1948

Property size (Sq ft)

1,596 SF

Property type

Apartment buildings

Description

This meticulously maintained 3-unit apartment building in San Pedro, CA, presents a compelling value-add investment opportunity. Located at 467 W 12th St, Los Angeles, CA 90731, this property boasts a total of 1,596 square feet on a 4,986 square foot lot. Built in 1948, the single-story building features a brand-new roof, exterior paint, fence, and security cameras. The property includes three garages, currently generating income from two ($150/month each), with the third available for conversion into an additional rental unit or personal use. Units are well-maintained, with one recently fully renovated and a two-bedroom unit offering laundry hookups. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $32,328, resulting in a 4.00% cap rate. The asking price is $808,000, or $269,333.33 per unit, and the price per square foot is $506.27. This property is situated in a high-demand rental area, offering significant potential for future income growth. The property's features, location, and current income stream make it an attractive investment for discerning buyers. APN: 7456-008-005.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.7331

Longitude

-118.287

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