14 days on rocket

643 W 15th St, San Pedro, CA, 90731

$775,000

Home List Price

$9,203*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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643 W 15th St, Los Angeles$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingGarage, Off Street
Garage2 spaces
Year Built1917
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #PW24097243
Lot Size0.11 Acres
StatusActive

About 643 W 15th St

We are pleased to exclusively offer for sale 643 W 15th St, a 2 unit multi-family investment located in San Pedro, CA. The building features an excellent unit mix of (2) 2 Bed/1 Bath ~1,074 SF Units for a total rentable square footage of 2,148 SF. There are (2) detached garage parking spaces available to tenants which is especially important in this parking impacted submarket. Further, each tenant has (1) assigned parking space adjacent to the garage. For the astute investor, this ample parking can be leveraged into additional income subject to occupancy. In addition, the property has been meticulously well-maintained with updated kitchens, new exterior paint, and a newer roof, and each tenant has its own in-unit laundry. From a pricing standpoint, this property is being offered at a favorable $387,500/Unit and $360.80/SF, roughly $40k/Unit and $50/SF shy of market averages, respectfully. Further, the offering represents an outstanding Value Add Opportunity with 76% in Rent Upside, imputing a Market CAP Rate of 6.03% and Market GRM of 11.98. Lastly, the building is strategically located – not only near the Port – but also within close proximity to the confluence of both Los Angeles and Orange County freeway systems and, in effect, offers tenants easy access to the booming economic and employment hubs of both counties. For these reasons, the astute investor can confidently forecast continued population and median household income growth within the submarket, thus driving prolonged rent growth upon acquisition.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Stories: 1

Listing Office:

  • Office Name: Lyon Stahl Investment Real Est
  • Office Phone: (562) 684-6758
  • Listing Agent: Daniel Hopkins

Interior Features

Interior Information:

  • Interior: Open Floorplan
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • San Pedro Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Richard Henry Dana Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Fifteenth Street Elementary School, Public District Grades KG-5
  • Point Fermin Elementary School, Public Magnet Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: Gaffey & 15th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000

Tax Information:

  • Annual Amount: $6,908
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

643 W 15th St vs Los Angeles

14 DAYS ON ROCKET

-20 Days

$775,000

-$211.4K Less

KEY TAKEAWAY

This property is $211.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24097243

Listing Office:

  • Office Name: Lyon Stahl Investment Real Est
  • Office Phone: (562) 684-6758
  • Listing Agent: Daniel Hopkins

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 11:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 29, 2017Home Sold
$535,000
Nov 12, 2009Home Sold
$320,000
Dec 27, 2005Home Sold
$540,000
Sep 30, 2004Home Sold
$399,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,908$562,379
2020$6,702$556,614
2019$6,606$545,700
2018$4,366$535,000
2017$4,366$355,902

History based on county public records data.

Payment Calculator

$3,935

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4031779
3
/10

  • Fifteenth Street Elementary School

  • 1527 S Mesa St

  • 0.22 miles

  • Public District Grades KG-5

school-card-donut-4031780
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 1.12 miles

  • Public Magnet Grades KG-5

school-card-donut-4031781
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 24.65 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-4031782
4
/10

  • Richard Henry Dana Middle School

  • 1501 S Cabrillo Ave

  • 0.21 miles

  • Public District Grades 6-8

school-card-donut-4031783
4
/10

  • Studio

  • 2211 W Avenue 30

  • 26.04 miles

  • Public District Grades 6-8

High School

school-card-donut-4031784
6
/10

  • San Pedro Senior High School

  • 1001 W 15th St

  • 0.43 miles

  • Public Magnet Grades 9-12

school-card-donut-4031785
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 21.70 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,433. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90731›643 W 15th St

This home is located at 643 W 15th St in San Pedro, CA and zip code 90731 in the The Harbor neighborhood. This home, which was built in 1917, sits on a 0.11 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $775,000.

Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. Between March 2024 and April 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 14.9%. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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