680 18th Street, San Pedro

$1,100,000

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6 Beds
5 Baths
.11 Acre
6 Garages

Rare Investment Opportunity in growing San Pedro. Perfect for owner occupancy or investor seeking true market rents. The original house with 2 bedrooms and 1 bath in the front is charming with updates and ready for rental. The 2 rear units are both 2-story townhouse style, with 2 bedrooms and 2 baths. The rear building was built more recently, the roof was replaced recently and the entire complex has great potential. The garage accessed off of the alley behind the building offers 6 parking spaces, which is rare for the area.



Zoned R2-1XL, there have many higher density developments off of Gaffey Street and you should investigate the potential for redevelopment.



Locals will tell you, San Pedro is on the rise. The Downtown renaissance, the coming West Harbor Waterfront & Amphitheater Development and a growing music and brewery scene are just some of the reasons to "explore more". This property is centrally located and offers quick access to the Harbor Freeway and transit options on Gaffey St and Pacific Ave, which help fuel tenant demand.



Rents in San Pedro are also on the rise and remain above the average for LA City. The property is covered by LA City Rent Control, which presently allows a 4% rental increase for existing tenants. With two units delivered unoccupied, the opportunity to obtain market rents makes this investment a unique opportunity.

Essential Information

MLS® #
SB24033109
Price
$1,100,000
Bedrooms
6
Bathrooms
5.00
Acres
0.11
Year Built
1970
Type
Residential Income
Sub-Type
Triplex
Status
Active

Community Information

Address
680 18th Street
Area
185 - Plaza
City
San Pedro
County
Los Angeles
Zip Code
90731
Senior Community
N

Community Features

Biking, Curbs, Dog Park, Fishing, Gutter(s), Hiking, Park, Preserve/Public Land, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports

Amenities

Parking Spaces
6
# of Garages
6
Pool
None

Interior

# of Stories
2
Stories
One

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
February 15th, 2024
Days on Market
77
Zoning
LAR2

Listing Details

Agent
Ante Perkov
Office
Capwest Real Estate
Property History
Price Reduced from $1,149,000 to $1,100,000
Price Reduced from $1,199,000 to $1,149,000
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Ante Perkov - Capwest Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 8:55pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.