252 W 11th St, San Pedro, CA 90731

252 W 11th St, San Pedro, CA 90731

San Pedro, CA

Property Description

Excellent 5-unit investment opportunity located steps away from the new $600M Waterfront Redevelopment in San Pedro. 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, property has very low expenses. Low maintenance expenses de to numerous upgrades and improvements completed on property within the last two years. Five on-site parking spaces with a potential to add more.

Property Features

  • Sale Price: $1,025,000
  • Area Size: 3234 SF
  • Land Area: 6757 SF
  • Year Built: 1914
  • Listing Date: 5/12/2020
  • Closing Date: 8/7/2020
  • Units: 5
  • Current GRM: 12.7
  • Current Cap Rate: 5.4%
  • Market GRM: 10.1
  • Market Cap Rate: 7.2%
  • Current NOI: $55,513

Lyon Stahl Investment Real Estate

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