Just Listed – Triplex For Sale in San Pedro
Listed at $1,195,000 this building was built in 1989, has a cap rate of 3.84% and an NOI of $45,883.
This spacious 4,378 SF structure was built in 1989 (non-rent control) and is located blocks from Ports O’ Call Village (Port of Los Angeles) where a massive 400-acre redevelopment is planned. Situated on a 4,500 SF lot, this property features three (3) garages in the rear and a desirable unit mix consisting of three (3) 3-bed/2-bath units, all of which are larger than 1,400 SF.
The current owner has extensively remodeled one of the units with new cabinets, counters, bathrooms, etc. Positioned in an up-and-coming San Pedro market with expansive redevelopment plans, this beautiful triplex is a great opportunity for any investor.
● 4,378 SF building situated on a 4,500 SF lot
● Desirable unit mix consisting of (3) 3-bed/2-bath units
● Built in 1989 | Not subject to rent-control
● Contains (3) garages in the rear & plenty of street parking
● (1) unit was just completely remodeled | New cabinets, counters, bathroom, etc.
● Great location! Blocks from Ports O’ Call Village (400 AC redevelopment site)
The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates. According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce.
Los Angeles County is well located on the Southern Coast of the California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion – placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five.
Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, and many more. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Los Angeles’ well educated labor pool, many universities, wonderful climate, and world class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.
To learn more about this property:
- Download the marketing package here
- View the listing here
- Contact Woody Stahl at Woody@lyonstahl.com – (310) 880-0926
- or Brett Lyon at Brett@lyonstahl.com – (310) 880-5328