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252 W 11th St, San Pedro, CA 90731

252 W 11th St, San Pedro, CA 90731
$1,025,000

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.

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

Detail

Updated on May 15, 2020 at 11:42 am

  • Price: $1,025,000
  • List Date: 5/12/2020
  • Property Size: 3234 Sq Ft
  • Land Area: 6757 Sq Ft
  • Year Built: 1914
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 5
  • NOI: $55,513
  • GRM: 12.7
  • CAP RATE: 5.4%
  • Market GRM: 10.1
  • Market CAP RATE: 7.2%

Contact info

Olga Wright
Olga Wright
(310) 606-2076(310) 801-7373

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