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Listed by Anthony Walker • Buckingham Investments, Inc
$ 2,195,000
Est. payment | /mo
6,910 SqFt
$ 2,195,000
Est. payment | /mo
6,910 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,910 sqft
Price per Sqft $317
MLS Listing ID CRSB25233836
HOA Y/N No
Year Built 1923
Lot Size 8,223 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Huge 8 unit campus property in one of the best parts of San Pedro at only 11.5X GRM plus a 25% upside. Great unit mix with four 2 bed units, two 1 bed units, one 3 bed, 3 bath unit, and one studio. Almost 7000 square feet of rentable space situated on over 8200 square feet of land. Large duplex structure built in 1923 plus 6 units built in 1962. 5 out of 8 units nicely remodeled from 2021 to present. 3 enclosed garages, 4 tuck under parking spaces, and 1 surface parking space for a 1:1 parking ratio. Soft story retrofit completed in 2020. Well priced on income at 11.5X GRM on actuals plus a 25% upside to 9.3X GRM and a market cap rate of 7%. Beautiful Vista Del Oro location only a few blocks from Palos Verdes in a tranquil residential area. Attractive curb appeal with street and alley access. Only 3 blocks from Providence Little Company of Mary San Pedro Hospital. Easy access to Downtown San Pedro and 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.
Location
State CA
County Los Angeles
Interior
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