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2721 S Denison Avenue

San Pedro, CA 90731
  • $1,400,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: SB22154613
Price Reduced
UPDATED: 25 min ago
$1,400,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Alex Hooks of Beach City Brokers (310-543-3536)


Description

2721 S Denison is an opportunity to own four units in coastal San Pedro. Ideal for any owner or investor looking to capitalize on a prime asset in a rapidly appreciating neighborhood. The subject property consists of (4) 2Bed+1Bath units, two of which have been renovated and are currently renting close to market, leaving the remaining two with nearly 20% upside in rents. These renovations include new floors, cabinets, and appliances. 2721 S Denison is located just minutes away from Downtown San Pedro and the Port of Los Angeles where there are millions of dollars worth of new developments in close proximity including San Pedro Waterfront, as well as an abundance of brand new apartment buildings, condos and retail shops.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-15T23:27:38.77. 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 Villa Real Estate. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/130895982
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2721 S Denison Avenue San Pedro, CA 90731

  • Price: $1,400,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 25 min ago
  • ID#: SB22154613
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1924
Built
Neighborhood:
181 - Point Fermin
County:
Los Angeles
Area:
181 - Point Fermin
Property Description
2721 S Denison is an opportunity to own four units in coastal San Pedro. Ideal for any owner or investor looking to capitalize on a prime asset in a rapidly appreciating neighborhood. The subject property consists of (4) 2Bed+1Bath units, two of which have been renovated and are currently renting close to market, leaving the remaining two with nearly 20% upside in rents. These renovations include new floors, cabinets, and appliances. 2721 S Denison is located just minutes away from Downtown San Pedro and the Port of Los Angeles where there are millions of dollars worth of new developments in close proximity including San Pedro Waterfront, as well as an abundance of brand new apartment buildings, condos and retail shops.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Parking Features Assigned Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.67 Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 87552 Gross Scheduled Income 87552 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 56660 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Operating Expense 28226 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-15T23:27:38.77. 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 Villa Real Estate. Licensed in the State of California, USA.
 
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Villa Real Estate
450 Newport Center Drive, Suite 100
Newport Beach CA, 92660
Listing Agent(s): Alex Hooks of Beach City Brokers (310-543-3536)