3531-3533 S Peck Ave, San Pedro, CA 90731

3531-3533 S Peck Ave, San Pedro, CA 90731

San Pedro, CA

Property Description

Lyon | Stahl is pleased to present two side-by-side duplexes for sale in San Pedro. Located at the end of Point Fermin, these corner lot properties feature gorgeous ocean views, (4) single car garages, alley access, and a laundry room. Both of the lots are zoned LARD2 and combine for 8,751 SF with 3,144 SF of total living space. The duplexes consist of (4) 1-bedroom/1-bathroom units with the opportunity to build (6)+ condominiums (buyer to verify). The Peck duplex is nicely updated and will be delivered vacant, making this deal a significant value-add opportunity. Since the buildings must be sold together, this would be ideal for an investor looking to acquire prime real estate with the potential to develop.

Property Features

  • Sale Price: $1,299,000
  • Area Size: 3,144 SF
  • Land Area: 8,751 SF
  • Year Built: 1923
  • Closing Date: 8/6/2018
  • Units: 4
  • Current GRM: 20.82
  • Current Cap Rate: 2.46%
  • Price Per Unit: $324,750
  • Market GRM: 16.40
  • Market Cap Rate: 3.71%
  • Current NOI: $31,955

Lyon Stahl Investment Real Estate

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