High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential.
Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.
5,616 Sq Ft
5,001 Sq Ft Lot Size
apartment
Built in 1923
MLS/Listing ID SB26029816
2 Stories
10 Units
Heating - Wall Furnace
Raised
Laminate
Construction - Stucco
Community - Urban
Style - Mediterranean
Gas Range
Gas Oven
Wood Frames
Flat
Parking - Garage Faces Rear
Lot - Rectangular Lot
TOTAL MONTHLY COST
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