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    395 W 7th Street

    San Pedro, CA 90731
    • $999,000
    • STATUS: ACTIVE
    • ON SITE: 16 days
    • ID#: 302991117
    UPDATED: 43 min ago
    $999,000
    • 4
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Great opportunity to subsidize your commercial business with the rental income from the upstairs 2 residential units! Makes your cost for the commercial space less than rent ( especially after tax benefits!). The commercial space has high ceilings (aprox 14 ft), lots of outlets, 2bathrms w/showers and two kitchen areas, garage door for loading or car entry that has a high opening. Lots of possibilities. City says it can be used for an auto service, retail, etc,as well as convert to all residential ( buyer Great opportunity to subsidize your commercial business with the rental income from the upstairs 2 residential units! Makes your cost for the commercial space less than rent ( especially after tax benefits!). The commercial space has high ceilings (aprox 14 ft), lots of outlets, 2bathrms w/showers and two kitchen areas, garage door for loading or car entry that has a high opening. Lots of possibilities. City says it can be used for an auto service, retail, etc,as well as convert to all residential ( buyer to verify). It can be divided into 2 separate commercial spaces ( see diagram). Last tenant used both spaces and paid $4000/mo. Tax records show an incorrect sqft of 2413sqft. However City Report shows the building layout permitted in 1992 exactly as it is now ( nothing has been added), so the city thinks perhaps that is the sqftage of the prior original building. Square footage obtained from photographer who measured from outside of building. ( Buyer to verify) Floorplan incorrectly shows two baths in residential unit C which has only 1.5 baths. Buyer to verify. Trust sale. Some nice views from the upstairs balconies of Harbor from and mountains.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/112947676
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    395 W 7th Street San Pedro, CA 90731

    • Price: $999,000
    • Status: ACTIVE
    • Updated: 43 min ago
    • ID#: 302991117
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    Neighborhood:
    San Pedro (90731)
    County:
    Los Angeles
    Area:
    San Pedro (90731)
    Property Description
    Great opportunity to subsidize your commercial business with the rental income from the upstairs 2 residential units! Makes your cost for the commercial space less than rent ( especially after tax benefits!). The commercial space has high ceilings (aprox 14 ft), lots of outlets, 2bathrms w/showers and two kitchen areas, garage door for loading or car entry that has a high opening. Lots of possibilities. City says it can be used for an auto service, retail, etc,as well as convert to all residential ( buyer Great opportunity to subsidize your commercial business with the rental income from the upstairs 2 residential units! Makes your cost for the commercial space less than rent ( especially after tax benefits!). The commercial space has high ceilings (aprox 14 ft), lots of outlets, 2bathrms w/showers and two kitchen areas, garage door for loading or car entry that has a high opening. Lots of possibilities. City says it can be used for an auto service, retail, etc,as well as convert to all residential ( buyer to verify). It can be divided into 2 separate commercial spaces ( see diagram). Last tenant used both spaces and paid $4000/mo. Tax records show an incorrect sqft of 2413sqft. However City Report shows the building layout permitted in 1992 exactly as it is now ( nothing has been added), so the city thinks perhaps that is the sqftage of the prior original building. Square footage obtained from photographer who measured from outside of building. ( Buyer to verify) Floorplan incorrectly shows two baths in residential unit C which has only 1.5 baths. Buyer to verify. Trust sale. Some nice views from the upstairs balconies of Harbor from and mountains.
    Exterior Features

    Parking Garage Desc Unit1 Assigned Parking Spaces Total Unit1 0.0 Parking Spaces Total Unit2 0.0 Parking Spaces Total Unit3 0.0 Parking Spaces Total Unit4 0.0 Pool N/K Site Corner LotSidewalks

    Interior Features

    Cooling N/K Total Baths Unit1 0 Total Baths Unit2 0 Total Baths Unit3 0 Total Baths Unit4 0

    Property Features

    Annual Expense Actual 0 Buildings 11 Gross Scheduled Income Actual 0 Monthly Total Fees 0 Tenant Pays Cable TvElectricity Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1600.0 Unit2 Rent Actual 1600.0 Unit3 Rent Actual 0.0 Zoning Public Rec

    Listing provided courtesy of Engel & Volkers La-South Bay. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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