678 W 16th Street
San Pedro, CA 90731

  • – beds
  • – baths
  • – sqft
  • 5,003 sqft lot
  • 1959 build
  • on site

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Pride of Ownership 5-unit apartment complex with highly desirable unit mix of all 2 bedroom units. Two Section 8 Tenants provide for guaranteed income. All tenants are paying and never missed a payment. There is Onsite Laundry Room for Additional Income (No Equipment Included).** Property is subject to Soft Story Retrofit and there is a Potential to Convert Owner 2-Car Garage into an ADU While Completing Soft Story Retrofit which has to be completed AFTER close of escrow by Buyer. Building has All copper plumbing. Some Units have been Recently Upgraded. Total monthly rental income is $7,593

California Regional MLS logo Listed By CRMLS_CA / Olga Wright / Lyon Stahl Investment Real Estate, Inc. / 3108017373

Last checked: Checking… • Last updated Aug 27, 2023 •

MLS# SB23013483 —

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Sale history

Date Event Source Price % Change
3/16/23
Sold CRMLS_CA $1,200,000 -7.7%
2/20/23
Sold Subject To Contingencies CRMLS_CA $1,300,000
2/1/23
Listed / Active CRMLS_CA $1,300,000 48.6% (6.6% / YR)

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Multifamily Sold on 3/16/2023

$1,200,000

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Listing provided by broker:

Olga Wright

Lyon Stahl Investment Real Estate, Inc.

3108017373

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 07:05 on May 18.

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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