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240 W Oliver St, San Pedro, CA 90731

240 W Oliver St, San Pedro, CA 90731
$850,000

Description

Excellent Value Add Opportunity with over 40% upside in rental income – Market GRM is 8.1 and Cap Rate is 9.1% – Located blocks away from LA Waterfront – Walking distance to Barton Hill Elementary School – Desirable Unit Mix of all 1 Bedroom units – All units are due for annual 4% rent increase – Each unit comes equipped with laundry hook-ups for tenants’ convenience – Tenants pay are responsible for all except DWP utilities; Low operating costs for Landlord

  • City: San Pedro
  • State/county: CA
  • Country: United States

Detail

Updated on July 9, 2020 at 9:37 am

  • Price: $850,000
  • List Date: 6/30/2020
  • Property Size: 2,464 Sq Ft
  • Land Area: 5,000 Sq Ft
  • Year Built: 1923
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 5
  • NOI: $31,113
  • GRM: 15.22
  • CAP RATE: 3.66%
  • Price per Unit: $170,000
  • Market GRM: 8.10
  • Market CAP RATE: 9.16%

Contact info

Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
Linkedin
Olga Wright
Olga Wright
(310) 606-2076(310) 801-7373

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