870 W 18th Street, San Pedro, CA 90731
Property · 2 recorded sales since 2013
Sold June 2022
Listing Agent: John D'Amico (DRE #01908359) · Listing Office: Keller Williams Palos Verdes · Contact: 310-544-6100 · Bought with: Ricardo Perez · Kohr Group Realty · MLS #PV22031674 · Source: CRMLS
About this property
Fantastic “bread & butter” 5-unit, multi-family building. This well-maintained California Art Deco style property offers a low-maintenance, classical design with tons of character. Each unit features one bedroom, one bathroom, newer appliances, and a parking space. Ownership has meticulously cared for the condition of the property, and consistently modernized each space. The many updates include a complete repipe, upgraded subpanels, brand-new (2022) water heater, newer fence, foundation reinforcement, and high-efficiency wall heaters. Units 870-876 pay their own electric, gas, and trash, while Unit 878 pays no utilities. The current owner has enjoyed a very strong rent collection history. All of this value is highlighted further given the property’s ideal location, just minutes from the LA Waterfront's newly-developed West Harbor and bustling downtown San Pedro. Blocks from shopping, restaurants, the USS Iowa, freeway access, public transportation, and much more, an investor could not ask for a better market and location for a rental property.
Listing description from the June 2022 sale, as reported to CRMLS.
Sale history
