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Scott Greenspan

Greenspan Realty

sgreenspan@greenspanrealty.net +1(310) 936-7270

$ 950,000

Est. payment | -/mo

5 Beds

5 Baths

2,135 SqFt

Save

$ 950,000

Est. payment | -/mo

Save

5 Beds

5 Baths

2,135 SqFt

OPEN HOUSE

Sun Dec 08, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,135 sqft

Price per Sqft $444

MLS Listing ID 24467133

Bedrooms 5

HOA Y/N No

Year Built 1920

Lot Size 4,565 Sqft

Property Description

Two side by side properties are for sale by the same owner. One, a single family, two bedroom home; the other a three unit 1920's Craftsman, set up and running as short term furnished vacation rentals. These properties have been in the possession of the same family for the last 91 years. Both properties as a single purchase could be the perfect live work opportunity for the right person, couple, or family. However, we invite offers on each property independent of the other. The main house 425 was built from a Green and Green blue print purchased by thousands of contractors during the era of it's construction. It is documented as having been built in 1920. Electricity arrived in San Pedro in 1911. The ceiling fixtures were fitted with gas lines originally and wired much later than 1920. The 2 story 1923 rear house was originally built as a porte cochere. The only enclosure on the ground floor was the garage. Most of the second floor was elevated on stilts, over an area where horses were kept. According to the seller's grandparents, the area was enclosed to create the third unit around 1942.All units are in operation as furnished, short term vacation units. The Craftsman built ins are unusually well preserved, and the units are well appointed with a distinctive nod to the early 20th Century. The front house 425 can book on Air bnb, VRBO etc. as two separate units with their own exterior entrances or they can be combined into one unit for larger groups. 427 (upstairs) can sleep up to 4 with it's 2 bedrooms and living room convertible sofa. 429 (down stairs rear) can sleep two comfortably and a third on the daybed. The vacation rentals have enjoyed nearly full occupancy since we began the project four years ago. All the units are currently occupied, but can be viewed by arrangement.

Location

State CA

County Los Angeles

Area 187 - Holy Trinity

Zoning LARD1.5

Interior

Heating Gravity, Heat Pump

Cooling Heat Pump

Flooring Carpet, Wood

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Concrete, Door-Single, Garage, Side By Side

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7451024027

Special Listing Condition Standard

Listed by Amy Pell • Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

Scott Greenspan

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA, 90275, USA

425 S Cabrillo AVE San Pedro, CA 90731

Scott Greenspan

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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425 S Cabrillo AVE