2214 S Leland Street

    San Pedro, CA 90731
    • $3,350,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: SB18124694
    UPDATED: 17 min ago
    $3,350,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,720
      SQFT
    • $263
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Amazing opportunity to own upgraded and extremely well-maintained income property comprised of two separate buildings in charming San Pedro neighborhood. 1085-1099 22nd St built in 1929 is an Art Deco style six unit apt building carefully remodeled in 2011 with detailed attention to enhance and preserve its original style. It contains 4- 1bd 1b, 1- 2bd 1b, and 1- 2bd 2 b. It contains a large maintenance room with plumbing. The remodel included all new copper plumbing, drain lines, roof, double pane windows, wall heaters, carpet, electrical, internally wired for cable and phone lines and a fire sprinkler system. The bathroom and kitchen tile on the floors and counters was beautifully replaced in the original art deco style. The building located at 2214 S Leland St was built in 1963 and contains eight units, 2- 1bd 1b, 5- 2bd 1b and 1- 3bd 2b two-story unit. The building wraps around a center courtyard which was re-poured in 2013 with cement and river rock. A new roof was just installed in 2018. Several units have been updated with new carpet, new tile counters and flooring in kitchens. In 2011, new copper plumbing and drain lines were also installed. The courtyard bldg contains a potential laundry rm plumbed with gas/water for two w/d and five, two-car garages. Both bldgs are individually metered for gas and electric. Significant upside potential to current rents in compliance with L.A Rent Stabilization Ordinance. Near stores, parks, beach, 110 Frwy and Ports O Call

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T00:32:53.83. 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.
    www.playavistaliving.com/homes/84064439

    2214 S Leland Street San Pedro, CA 90731

    • Price: $3,350,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: SB18124694
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    12,720
    SQFT
    $263
    $/SQFT
    1963
    Built
    Neighborhood:
    183 - Vista Del Oro
    County:
    Los Angeles
    Area:
    183 - Vista Del Oro
    Property Description
    Amazing opportunity to own upgraded and extremely well-maintained income property comprised of two separate buildings in charming San Pedro neighborhood. 1085-1099 22nd St built in 1929 is an Art Deco style six unit apt building carefully remodeled in 2011 with detailed attention to enhance and preserve its original style. It contains 4- 1bd 1b, 1- 2bd 1b, and 1- 2bd 2 b. It contains a large maintenance room with plumbing. The remodel included all new copper plumbing, drain lines, roof, double pane windows, wall heaters, carpet, electrical, internally wired for cable and phone lines and a fire sprinkler system. The bathroom and kitchen tile on the floors and counters was beautifully replaced in the original art deco style. The building located at 2214 S Leland St was built in 1963 and contains eight units, 2- 1bd 1b, 5- 2bd 1b and 1- 3bd 2b two-story unit. The building wraps around a center courtyard which was re-poured in 2013 with cement and river rock. A new roof was just installed in 2018. Several units have been updated with new carpet, new tile counters and flooring in kitchens. In 2011, new copper plumbing and drain lines were also installed. The courtyard bldg contains a potential laundry rm plumbed with gas/water for two w/d and five, two-car garages. Both bldgs are individually metered for gas and electric. Significant upside potential to current rents in compliance with L.A Rent Stabilization Ordinance. Near stores, parks, beach, 110 Frwy and Ports O Call
    Exterior Features

    Garage Spaces 10.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Flooring CarpetTile Heating Wall Heater Heating YN Yes Laundry Features See Remarks Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsStreet Lighting Country Us Electric Expense 2338.00 Elevation Units Feet Fuel Expense 3719.00 Gardener Expense 600.00 Gross Income 0.00 Gross Scheduled Income 180756.00 Insurance Expense 3139.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5200.00 Net Operating Income 157038.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 14 Operating Expense 23718.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 180756.00 Total Expenses 23718.00 Trash Expense 2600.00 Water Sewer Expense 6122.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Dina Dreizler of The Realestate Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T00:32:53.83. 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.
     
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