Property listed by Lyon Stahl Investment Real Estate, Inc., John McCann 310-425-9838
$1,225,000
*Property appraised for $1,400,000 during our first escrow which unfortunately fell through* --- This property is now listed at an incredible value $175,000 off of the original list price and should not last long! -- 573 W 13th St presents a rare opportunity to acquire a fully vacant fourplex in… Read More the heart of San Pedro. With four spacious 2-bedroom, 1-bathroom units totaling 3,614 rentable square feet on a 6,749 SF lot, this property offers exceptional flexibility for investors, owner-users, or multi-generational families. Originally constructed in 1917, the building showcases timeless architectural charm while benefiting from significant capital improvements including updated plumbing, electrical, and roofing. These upgrades mitigate the typical concerns associated with older buildings, providing the charm of early Los Angeles architecture with the functionality of modern systems. Interiors maintain a cohesive blend of classic detail and smart layout, ideal for tenants or personal occupancy. Delivered completely vacant, the property allows immediate lease-up at market rates or through the Section 8 program, where comparable units in the area command up to $2,800/month. With projected monthly income between $10,000-$11,200 using Section 8 rents, this asset offers a compelling stabilized return in a supply-constrained rental market. Additionally, the expansive backyard provides potential for the addition of an ADU, offering a path for further value-add. Each unit holds a utility room complete with washer/dryer hookups. Recent updates include new paint throughout the entire property, drought-resistant landscaping, a tankless water heater, and a newer roof. The property also features four large storage units in the backyard that could be leased out for additional income. While there is no off-street parking, the property's walkability, access to public transit, and tenant profile in this submarket have historically made parking a minimal barrier to leasing velocity or tenant satisfaction. Whether you are looking to stabilize a high-yield income property or create a unique residential compound in a growing submarket, 573 W 13th St is a strategic acquisition with upside, character, and strong fundamentals. Read Less
Listing Snapshot
Days Online
149
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,614
Lot Size
0.15 Acres
Year Built
1917
MLS Number
25537405
30 Days Snapshot Of 90731
$895k
+6%
(avg) sold price
24
+4%
homes sold
76
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1917, Building area total: 3,614, Levels: Two, Living area: 3614, 2 stories, 1 building, Architectural style: Colonial, Attached, Common walls: OneCommonWall
Cooling
WallWindowUnits
Doors
SlidingDoors
Fireplaces
Bath, Decorative, DiningRoom, Kitchen, LivingRoom
Heating
Electric
Income
Gross income: $117,600, Net operating income: $86,879
Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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