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    632 W 32nd Street

    San Pedro, CA 90731
    • $599,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: SB21182954
    Price Reduced
    UPDATED: 75 min ago
    $599,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    This delightful corner duplex, is a close distance to Cabrillo Beach and Point Fermin Lighthouse Park. If you are looking for income and a beach location property, this is the perfect place to start! Enjoy cool ocean breezes and a nice neighborhood feel with this easy to manage low maintenance income property! Excellent location across from Pt. Fermin Elementary School, and very close to many activities: hiking, swimming, biking, sailing, and picnicking in nearby parks that are within walking distance. Located near retail stores, coffee shops and the multimillion dollar LA Waterfront Development. Side-by-side 1 bedroom units are rented and each unit has its own yard area for Southern CA outdoor living and the rear unit has a peek-a-boo ocean view. One half of the oversized double garage rents for $190/month. The rear unit (#634) was remodeled in 2018. New split air conditioning/heating units were installed in both units in 2020. All windows were replaced in both units with dual pane in 2018. Rents are below market with upside upon unit turnover. This is an excellent opportunity for the astute investor.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T14:29:29.19. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/120602468
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    632 W 32nd Street San Pedro, CA 90731

    • Price: $599,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: SB21182954
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1923
    Built
    Neighborhood:
    181 - Point Fermin
    County:
    Los Angeles
    Area:
    181 - Point Fermin
    Property Description
    This delightful corner duplex, is a close distance to Cabrillo Beach and Point Fermin Lighthouse Park. If you are looking for income and a beach location property, this is the perfect place to start! Enjoy cool ocean breezes and a nice neighborhood feel with this easy to manage low maintenance income property! Excellent location across from Pt. Fermin Elementary School, and very close to many activities: hiking, swimming, biking, sailing, and picnicking in nearby parks that are within walking distance. Located near retail stores, coffee shops and the multimillion dollar LA Waterfront Development. Side-by-side 1 bedroom units are rented and each unit has its own yard area for Southern CA outdoor living and the rear unit has a peek-a-boo ocean view. One half of the oversized double garage rents for $190/month. The rear unit (#634) was remodeled in 2018. New split air conditioning/heating units were installed in both units in 2020. All windows were replaced in both units with dual pane in 2018. Rents are below market with upside upon unit turnover. This is an excellent opportunity for the astute investor.
    Exterior Features

    Lot Features Corner LotCul-De-SacStreet Level Number Of Separate Electric Meters 2 Parking Features Assigned Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes View Peek-A-Boo View YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 3.71 Common Interest None Community Features Street LightsSidewalks Electric Expense 600 Fuel Expense 0 Garage YN Yes Gross Income 190 Gross Scheduled Income 35520 Insurance Expense 1200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 1330 Net Operating Income 22205 New Construction YN No New Taxes Expense 7188 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 34523 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 997 Vacancy Allowance Rate 3 Water Sewer Expense 1200 Water Source Public Zoning Lar1

    Listing provided courtesy of Stephen Lampe of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T14:29:29.19. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505