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.
158 days
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39
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1
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Zillow last checked:
Listing updated:
Listed by:
Anthony WalkerDRE #01908153310-561-4776,
Buckingham Investments, Inc,
Josh EssDRE #02035659310-982-7055,
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB26029816Originating MLS: California Regional MLS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 11
Heating
Wall Furnace
Cooling
None
Appliances
Included: Gas Oven, Gas Range
Laundry: None
Features
Flooring: Laminate
Windows: Wood Frames
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 5,616
Total interior livable area: 5,616 sqft
Property
Parking
Total spaces: 4
Parking features: Garage Faces Rear
Garage spaces: 4
Accessibility
Accessibility features: None
Features
Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Fencing: None
Has view: Yes
View description: None
Lot
Size: 5,001 Square Feet
Features: Rectangular Lot
Details
Parcel number: 7451036019
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Mediterranean
Property subtype: Multi Family
Attached to another structure: Yes
Materials
Stucco
Foundation: Raised
Roof: Flat
Condition
New construction: No
Year built: 1923
Utilities & green energy
Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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