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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,450,000

Est. payment | -/mo

4 Beds

4 Baths

4,807 Sqft Lot

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$ 1,450,000

Est. payment | -/mo

Save

4 Beds

4 Baths

4,807 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26125439

Bedrooms 4

Lot Size 4,807 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

8 Unit Apartment Complex Near Waterfront Development in one of the fastest-growing rental pockets of Los Angeles. The property consists of all 1 bed/1 bath units, generating $12,918/month in current rental income (including projected rent for 1 Vacant unit). Offered at a 7% CAP rate and 9.3 GRM, this is the strongest cash-flowing multifamily opportunities in San Pedro for a well maintained property. ***Major capital improvements include electrical, plumbing, exterior paint, reinforced foundation, and roof work, 7 of the 8 units have been renovated. Potential to add ADUs in the rear (Buyer to Verify).*** Located near the massive San Pedro waterfront redevelopment with over $500M in private investment and an additional $140M in recent federal port-related funding, the area is experiencing major transformation with new residential, retail, dining, and infrastructure projects expected to continue driving rental demand and property values upward stronger than most Los Angeles submarkets.

Location

State CA

County Los Angeles

Zoning Assessor

Direction East of Pacific Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7456021034

Listed by Olga Wright, DRE#01315042 Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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383 W 14th Street San Pedro, CA 90731