1027 Centre Street – Duplex for Sale in San Pedro CA

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1027 Centre Street – Duplex for Sale in San Pedro CA

1027 Centre Street - Duplex for Sale in San Pedro

Spanish charmer aptly describes the front house with its courtyard entrance, tile roof, cove ceilings, fireplace, hardwood floors, tiled bathroom and the list goes on. The spacious kitchen with glass front cabinets and tile counters has a breakfast nook. A formal dining area, living room and two bedrooms plus a full bathroom with tub and shower completes the one-level living area with artisan craftsmanship apparent throughout. Many original doors and fixtures throughout. The back house built in 1940 enjoys front courtyard, large porch, hardwood floors, tiled bathroom and two bedrooms. Both houses have ample basement storage. Current owner re-built one car garage, replaced some windows, security doors and other upgrades. Both units are leased. The property is zoned Store and Residential but currently functions as two-on-a-lot with a 1-car garage.

Annual Gross Income: $28,200
Annual Net Income: $21,020
Cap Rate: 5.76%
Gross Rate Multiplier: 12.9

Rents:

  • 2/1 Front Unit – $1450/month
  • 2/1 Back Unit – $900/month

For more information give us a call or an email.

Norma Toering, Broker-Owner
(310) 493-8333

Josh Toering, REALTOR
(310) 525-9440

 

More information on South Bay income property

 

Blogs on income property by Josh & Norma:

South Bay of L.A. Income Property Update March 2017

Beach Cities Coastline As the first quarter of 2017 comes to an end I thought it was time to see how income property sales and listing are shaping up. Are prospective buyers on [...]

2017 Real Estate Changes and Updates for California

I attended the Palos Verdes Board of Realtors March Breakfast meeting yesterday. Although breakfast was delicious, my primary reasoning for being there was to hear Gov Hutchison, California Association of Realtors’ attorney, speak regarding trends [...]

Income Units in the South Bay of Los Angeles

  Income units are located throughout the South Bay of Los Angeles.  Here is an update on the number of income properties currently for sale in a few of the cities in the South Bay: [...]

Landlord Life–Is It For You?

Owning income property is not for everyone.  Sometimes it feels like the odds are stacked against you.  Like most other life endeavors it is a good fit for some people and a nightmare for others. [...]

Beach Cities Residential Income Property Report–November 2016

The South Bay of Los Angeles is popular with landlords for a variety of reasons; perhaps the top one being real estate prices are high, and that supports an ever-growing pool of renters.  The Beach [...]

By | January 3rd, 2014|Front Page, Income Property, Listings, Norma's Hot Buys, San Pedro|2 Comments

About the Author:

Norma Toering is the broker-owner of Charlemagne Intl Properties a boutique real estate company in Los Angeles. She has been a local South Bay real estate agent since 1992. Norma is the most well known & award winning real estate blogger in Palos Verdes. Forbes magazine consulted Norma on Palos Verdes property values when compiling their Forbes 400 list. Cell: 310-493-8333 Cell: 310.493.8333

2 Comments

  1. […] (2014 – Norma also has a vacant lot for sale in South Shores. We also have a duplex for sale in downtown San Pedro.) […]

  2. […] (2013 – Norma also has two vacant lots for sale in South Shores. We also have a duplex for sale in downtown San Pedro.) […]

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