678 W 16th Street, San Pedro, CA 90731

About this property

Pride of Ownership 5-unit apartment complex with highly desirable unit mix of all 2 bedroom units. Two Section 8 Tenants provide for guaranteed income. All tenants are paying and never missed a payment. There is Onsite Laundry Room for Additional Income (No Equipment Included).** Property is subject to Soft Story Retrofit and there is a Potential to Convert Owner 2-Car Garage into an ADU While Completing Soft Story Retrofit which has to be completed AFTER close of escrow by Buyer. Building has All copper plumbing. Some Units have been Recently Upgraded. Total monthly rental income is $7,593

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold March 2023 · listed $1,300,000, on market January 2023 · MLS #SB23013483 · Source: CRMLS

Listing Agent: Olga Wright · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 3108017373 · Bought with: Derrick Vartanian · KW Advisors

$875,000

Sold September 2015 · listed $899,000, on market June 2015 · MLS #SB15127958 · Source: CRMLS

Listing Agent: Judy Ragland · Listing Office: Keller Williams Realty · Contact: 310-375-3511 · Bought with: Rose Davis · The Watermark Group

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