2233 Barbour Ct, San Pedro, CA 90731

2233 Barbour Ct, San Pedro, CA 90731

San Pedro, CA

Property Description

We are pleased to present this 5 Unit, Value-Add multi-family opportunity in the Point Fermin area of San Pedro. This property features a well-balanced unit mix comprised of 2-1 Bed/1 Bath units and 3 Studios. One of the 1 Bedroom units has been fully renovated and would be perfect for an owner user. The garage and storage area can easily be rented out for additional storage income or potentially converted into an ADU. The property boasts exceptional rent upside of approximately 51% over the current rents in a market that has experienced substantial rent growth. The owner has done an excellent job maintaining repairs, and exterior upkeep. This asset is located on a cul de sac backing Fort McArthur Air Force Base and just blocks away from 22nd St Marina & park, and only 1.5 miles away from the new development at Ports O’Call.

Property Features

  • Sale Price: $925,000
  • Area Size: 2,195 Sq. Ft.
  • Land Area: 5,300 Sq. Ft.
  • Year Built: 1922
  • Listing Date: 7/1/2023
  • Closing Date: 9/29/2023
  • Units: 5
  • Current GRM: 12.72
  • Current Cap Rate: 4.76%
  • Price Per Unit: $185,000
  • Market GRM: 8.43
  • Market Cap Rate: 8.36%
  • Current NOI: $44,008

Lyon Stahl Investment Real Estate

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