884 W 11th St, San Pedro, CA 90731
San Pedro, CA$950,000
Property Description
Charming, upgraded triplex located in excellent Vista Del Oro neighborhood of San Pedro. Property consists of 2 one-bedroom and 1 two-bedroom units. It is well-maintained, all three water-heaters are new, new deck in the back unit, individual laundry hook-ups. There are 4 garages that are currently rented at $400/mo. and present a perfect ADU conversion opportunity. This is an ideal income property with substantial upside in rents as units turn over. Seller may consider seller financing for a qualified buyer.
INVESTMENT HIGHLIGHTS
- Well Maintained 3Plex with Excellent Unit Mix of One 2 and Two 1 Bedroom Units
- Recent Capital Improvements Include New Deck in the Back Unit, Three New Water Heaters
- Garages Present a Perfect ADU Opportunity
- Prime Vista Del Oro Location of San Pedro
- Four Garages Bring Additional $400/Mo. Income
- Excellent owner-User or Investment Property
Property Features
- Sale Price: $950,000
- Area Size: 2,320 Sq. Ft.
- Land Area: 4,801 Sq. Ft.
- Year Built: 1930
- Listing Date: 9/28/2022
- Units: 3
- Current GRM: 18.61
- Current Cap Rate: 3.95%
- Price Per Unit: $316,667
- Market GRM: 13.67
- Market Cap Rate: 5.69%
- Current NOI: $37,550
