703 W 14th St, San Pedro, CA 90731

703 W 14th St, San Pedro, CA 90731

San Pedro, CA

Property Description

We are pleased to present 703 W 14th St in San Pedro. Zoned C-2 Commercial Zone, this four plex consists of (2) 1-bedroom 1-bathroom units and (2) 2-bedroom 1-bathroom units with a total living area of 2,664 sqft situated on a 4,004 sqft lot, including 4 enclosed garage parking spots. One of the 1-bedroom units will be delivered vacant and is move in ready condition. Each unit has their own washer and dryer hook ups. Dual pane vinyl windows have been replaced throughout the entire building. Each unit is separately metered for gas and electric. This property is also in close-proximity to San Pedro High School, Cabrillo Marina, and near Retail and Restaurants.

Property Features

  • Sale Price: $1,175,000
  • Year Built: 1931
  • Listing Date: February 1, 2022
  • Closing Date: March 18, 2022
  • Units: 4
  • Current GRM: 18.29
  • Current Cap Rate: 3.38%
  • Market GRM: 12.55
  • Market Cap Rate: 5.80%