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Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 816 sqft
Price per Sqft $1,139
MLS Listing ID 20-610676
Sold Date 09/11/20
Bedrooms 6
Year Built 1921
Lot Size 6,751 Sqft
Acres 0.155
Property Sub-Type Multi-Family
Property Description
We are pleased to present 534 W 14th St, a 5-unit investment property in San Pedro, California. The property is located between S Grand and Pacific Avenues just blocks from the port of Los Angeles. This area is a solid majority-renter market with low vacancy rates. 534 W 14th St consists of one Standalone 2 Bedroom 1 Bathroom unit and four 1 Bedroom 1 Bathroom units. All of the units are separately metered for gas and electricity. Due to its location and vintage of building, this property does fall under Los Angeles Rent Control.This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture nearly a 100% increase in potential rental upside. Buyer also has the ability to build an ADU in the rear of the property to generate additional income. *Buyer to verify accuracy. Very Low Price Per foot ($201) and TONS of upside. Long term ownership. 7% + Proforma Cap Rate ! This wont last long. OM available upon request
Location
State CA
County Los Angeles
Area Plaza
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment None
Exterior
Parking Features None
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with RE/MAX Commercial & Inv Realty
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891