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New Listing – 5-Units For Sale in San Pedro

New Listing – 5-Units For Sale in San Pedro

Austin Zahn is pleased to present 252 W 11th St, a 5-unit apartment building for in San Pedro!

This property is offered at $1,075,000


Presenting 252 W 11th Street a 5 unit apartment building in the rapidly appreciating market of San Pedro. This unique offering includes two 3-bed 2-bath units and three bungalow style studio units. The 3,234 SF building sits upon a 6,757 SF lot and offers 5 on-site parking spaces + tons of street parking. Operating at a 12.5 GRM and 4.84% cap rate makes this opportunity highly desirable. The property’s location is around the corner from both the Harbor View House and Public Outdoor Marketplace developments. With three of the units completely remodeled, the property is primed to cash flow for years to come!

Investment Highlights:

– Unit Mix: (2) 3-bed 2-bath units, (3) bungalow units
-Three units are completely remodeled 6,757 SF Lot | 3,234 of rentable SF 12.51 GRM | 4.84% Cap
– Historical charm with top of the market income
– Located up the street from Harbor View House & Outdoor Marketplace developments


City Overview: San Pedro is a community within the city of Los Angeles at the southern end of the Palos Verdes Peninsula bordered by Rolling Hills, Harbor, & Long Beach with a population of 86,012. The Port of Los Angeles, a major international seaport, is partially located in San Pedro.

San Pedro real estate values have gone up 4.4% over the past year & the median price of homes currently listed in San Pedro is $569,000. The Los Angeles Unified School District serves San Pedro residents & the three primary high schools are San Pedro High School, Mary Star of the Sea High School, and the Port of Los Angeles High School, which ranks #26 of 334 best charter high schools in CA. There are also 15 elementary schools and four middle schools in San Pedro.

 

 

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