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Listed by Lucy Milivojevic • eXp Realty of Greater Los Angeles, Inc.
$ 3,749,000
Est. payment | /mo
12,070 SqFt
$ 3,749,000
Est. payment | /mo
12,070 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 12,070 sqft
Price per Sqft $310
MLS Listing ID CRSB25261590
HOA Y/N No
Year Built 1973
Lot Size 0.264 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Prime 15-Unit building situated in the highly sought-after Vista Del Oro neighborhood of San Pedro, built in 1973, offers a compelling investment opportunity. The property features a diverse unit mix consisting of one 3-bed/2-bath unit, eight 2-bed/1-bath units, and six 1-bed/1-bath units. Select units include private balconies with city and harbor views. Spacious central courtyard brings in abundant natural light. There's ample tenant parking within the secure subterranean garage. This building has undergone significant capital improvements, including completed soft-story seismic retrofit, replacement of electrical breakers, new exterior paint and railings. Currently operating at a 5.0% cap rate with a 12.44 GRM, this asset offers SELLER FINANCING options and strong future upside in this desirable coastal community. Walking distance to Weymouth Corner Shopping Center and Averill Park, offers a blend of convenience, lifestyle amenities and strong future growth potential. This property is minutes from the 42-acre West Harbor redevelopment, a complete reimaging of the former Ports O' Call Village, offering restaurants, retail, fresh market, waterfront promenade, open-air amphitheater and more. ***See Supplements for Offering Memorandum***
Location
State CA
County Los Angeles
Interior
Heating Radiant
Cooling None
Fireplace No
Laundry Common Area, Laundry Room
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227