tomo logo

$1,850,000

Beds
12
sq ft
5,384

721 W 39th St, San Pedro, CA 90731

721 W 39th St

San Pedro, CA 90731

  • 114 days on market
We are pleased to present this rare coastal property seconds from the cliffs of the Pacific Ocean in a quite residential neighborhood. The property is comprised of 5 units three 2b1b units and two 3b2b units. The property has been soft story retrofitted, has new exterior railings, exterior paint, and has recently undergone an interior renovation on one of the three bedroom units. The average square feet of each unit is 1,076 and boast large floorplans. Tenants can enjoy walking the cliffsides, quite peaceful surroundings, and larger units which makes this an ideal investment property. A new owner can benefit from an estimated 36% upside in rents, a great quality piece of real estate, and solid returns.

Details

Property type

Est. home value

$1,735,482

Lot size

6,101 sq ft

Price per sq ft

$344

Year built

1964

HOA

No

Price History

06/10/2024
CLAW

CLAW #24403469

Listed
$1,850,000
+3.35%
06/16/2022
CRMLS

CRMLS #SB22070363

Sold
$1,790,000
+27.4%
09/15/2020
CRMLS

CRMLS #SB20039729

Sold
$1,405,000

Schools & Community

Neighborhood: 

San Pedro

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Malaga Bank Fsb

Loan start date

June 2022

Original loan amount

$871,000

Est. remaining balance

Not provided

Interest rate

5.11%

Loan type

Commercial

Seller

Sp California Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/04/2024 at 9:20 PM

Listing updated: 10/02/2024 at 4:50 PM

Listed by: Jonathan Weir, Marcus & Millichap Phone #: (424) 405-3900

MLS: CLAW #24403469

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