467 12Th StLos Angeles, CA 90731

Property Details for 467 12Th St

Year built

1948

Property size (Sq ft)

1,596 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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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