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Listed by Anthony Walker • Buckingham Investments, Inc
$ 995,000
Est. payment | /mo
3,234 SqFt
$ 995,000
Est. payment | /mo
3,234 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,234 sqft
Price per Sqft $307
MLS Listing ID CRSB25232251
HOA Y/N No
Year Built 1914
Lot Size 6,757 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Super high yield 5 unit property for under $1M only 1 block from the huge brand new LA Waterfront development. Two large (3) bed, (2) bath units plus 3 studio units in rear in three structures total plus off street parking for 5 cars. Large front units just remodeled in 2025 and leased at market. Attractive income at an in place GRM of 9.8 and an actual cap rate of 6.2% plus a 15% upside to 8.5X GRM and 7.5% cap rate at market rents. Only $199K/door. Separately metered for electricity, gas, and trash for a low expense building. Only 1 block 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. 3 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Other
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227