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Exceptional value-add investment opportunity at 467 W 12th Street, a well-maintained 3plex with brand new roof (replaced in 2024), new fence, fresh exterior paint, security cameras. One unit was fully remodeled in 2017; others had new bathrooms, new wall heaters and were meticulously maintained over the years. The property features an ideal unit mix of two 1 Bedroom 1 Bath Units and one 2 Bedroom 1 Bath with Laundry room. 3 Garages in the rear of the property can be converted into an ADU (buyer to verify). Currently 2 garages are rented at $150/mo. each; 1 garage is owners’. ***Tenants pay their own gas, electric and trash; landlord only pays for the DWP Water service. ***Property is located in a high-demand rental neighborhood of San Pedro close to the new Waterfront development as well as shopping, dining and public transportation. This is an ideal property for investors looking for a high-potential asses with substantial upside in a location where property values continue to appreciate due to the new $170M Waterfront development poised for completion in 2025.
Property Type(s):
Residential Income
| Last Updated | 12/12/2024 | Year Built | 1948 |
|---|---|---|---|
| Community | Plaza | Garage Spaces | 3.0 |
| County | Los Angeles |
Additional Details
| AREA | Plaza |
|---|---|
| GARAGE | Garage Faces Rear, Yes |
| LOT | 4986 sq ft |
| LOT DESCRIPTION | Walkstreet |
| PARKING | Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | LAR2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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