Duplex for Sale in San Pedro

1027 S. Centre St

Spanish charmer aptly describes the front house with its courtyard entrance, tile roof, cove ceilings, fireplace, hardwood floors, tiled bathroom and the list goes on. The spacious kitchen with glass front cabinets and tile counters has a breakfast nook. A formal dining area, living room and two bedrooms plus a full bathroom with tub and shower completes the one-level living area with artisan craftsmanship apparent throughout. Many original doors and fixtures throughout. The back house built in 1940 enjoys front courtyard, large porch, hardwood floors, tiled bathroom and two bedrooms. Both houses have ample basement storage. Current owner re-built one car garage, replaced some windows, security doors and other upgrades. Both units are leased. The property is zoned Store and Residential but currently functions as two-on-a-lot with a 1-car garage.

• 1027 Centre St, San Pedro CA - Full listing information
• Annual Gross Income: $28,200
• Annual Net Income: $21,020
• Cap Rate: 5.19%
• Gross Rate Multiplier: 14.4
• Currently listed at $405,000

Rents:

• 2/1 Front Unit - $1450/month
• 2/1 Back Unit - $900/month

For more information give us a call or an email.

Norma Toering, Broker-Owner (310) 493-8333
Josh Toering, REALTOR (310) 525-9440

More information on South Bay income property - San Pedro units for sale

El Segundo Income Property - Jan 2014

El Segundo had a busy year in income property. While the total number of units selling was less than one per month, the buyer interest level increased as the Beach Cities prices drove investors to look north for deals.

El Segundo unit sales statistics for 2013:

• Available buildings: 4 Properties are for sale from $999,000 to $1,599,000.
• Pending sales: 1 Building is in escrow priced at $3,800,000.
• El Segundo sales: 9 Buildings sold in 2013 from $725,000 to $3,325,000. The average price was $1,312,000. The average year built was 1960. None of the 2013 transfers were a distressed sale.

El Segundo income property building types (2013 Sales):

• Duplex – 44%
• Triplex – 22%
• Fourplex – 11%
• 5-8 Units –11%
• 9+ Units – 11%

Total unit value sold in El Segundo in 2013: $11,807,000
Average gross rent multiplier for El Segundo 2013: 15.3
El Segundo unit cap rate for 2013 at 75% net income: 4.90%

For more information on available El Segundo units for sale, please give me a call or drop us an email.

 - Josh Toering (310) 525-9440

 El Segundo income property for sale:

Manhattan Beach Income Property - Jan 2014 (2013 Statistics)

Manhattan Beach had a phenomenal year in 2013 for income property sales.

Beach cities summary: The surging housing market of the Beach Cities combined with the limited availability of buildings for sale, made for a competitive buying environment. Multiple offers were the standard and "all cash" deals the trump card.

Manhattan unit sales statistics for 2013:

• Available buildings: 1 Property is for sale at $3,150,000.
• Pending sales: 1 Building is in escrow priced at $999,000.
• Manhattan Beach sales: 23 Buildings sold in 2013 from $960,000 to $3,800,000. The average price was $1,915,000. The average year built was 1953. None of the MB unit transfers in 2013 was a distressed sale.

Manhattan Beach income property building types (2013 Sales):

• Duplex – 57%
• Triplex – 13%
• Fourplex – 9%
• 5-8 Units – 17%
• 8+ Units – 4%

Total unit value sold in Manhattan Beach in 2013: $44,047,000
 Average gross rent multiplier for Hermosa Beach 2013: 22.4
 Hermosa Beach unit cap rate for 2013 at 75% net income: 3.34%

For more information on available Manhattan Beach units for sale, please give me a call or drop us an email. - Josh Toering (310) 525-9440

 Manhattan Beach income property for sale:

 

Hermosa Beach Income Property - Jan 2014

Hermosa Beach had a very hot year for income property.  The surging housing market of the Beach Cities combined with the limited availability of buildings for sale made for a competitive pricing environment.   Multiple offers were the standard and "all cash" deal the trump card.

Hermosa unit sales statistics for 2013:

• Available buildings: 5 Properties are for sale from $859,000 to $2,200,000.
• Pending sales: 3 Buildings are in escrow priced from $799,000 to $2,699,000.
• Hermosa sales: 20 Buildings sold in 2013 from $660,000 to $3,022,500.  The average price was $1,396,000.  The average year built was 1951.  Only one of the 20 transfers in 2013 was a distressed sale.

Hermosa Beach income property building types (2013 Sales):

• Duplex – 95%
• Triplex – 5%
• Fourplex – None
• 5-8 Units – None
• 8+ Units – None

Total unit value sold in Hermosa Beach in 2013: $26,900,000
Average gross rent multiplier for Hermosa Beach 2013: 24.1
Hermosa Beach unit cap rate for 2013 at 75% net income: 3.1%

For more information on available Hermosa Beach units for sale, please give me a call or drop us an email.

- Josh Toering (310) 525-9440

Hermosa Beach income property for sale: