Closed | Excellent 5-Unit Investment Opportunity in San Pedro
Olga Wright of Lyon Stahl is pleased to present 252 W 11th St, an excellent 5-unit investment opportunity located just steps away from the new $600M Waterfront Redevelopment in San Pedro.
This property sold for $970,000.
Attractive Unit Mix consisting of two 3-bed 2-bath units and three bungalow-style studio units.
Strong current income with substantial upside. Current 12.7 GRM and 5.4% Cap Rate makes it a solid investment from day one. Market 10.1 GRM and 7.2% Cap Rate.
Separately metered and tenants paying for electricity, gas, and trash, the property has very low expenses.
Low maintenance expenses due to numerous upgrades and improvements completed on property within the last two years. Five on-site parking spaces with the potential to add more.
For More Information on this Property:
For Future Listings, Contact:
Olga Wright: [email protected]