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252 W 11th St, San Pedro, CA 90731

$1,075,000

Description

Presenting 252 W 11th Street a 5 unit apartment building in the rapidly appreciating market of San Pedro. This unique offering includes two 3-bed 2-bath units and three bungalow style studio units. The 3,234 SF building sits upon a 6,757 SF lot and offers 5 on-site parking spaces + tons of street parking. Operating at a 12.5 GRM and 4.84% cap rate makes this opportunity highly desirable. The property’s location is around the corner from both the Harbor View House and Public Outdoor Marketplace developments. With three of the units completely remodeled, the property is primed to cash flow for years to come!

Investment Highlights:

– Unit Mix: (2) 3-bed 2-bath units, (3) bungalow units
-Three units are completely remodeled 6,757 SF Lot | 3,234 of rentable SF 12.51 GRM | 4.84% Cap
– Historical charm with top of the market income
– Located up the street from Harbor View House & Outdoor Marketplace developments

Property Downloads

Address

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

Detail

Updated on May 10, 2019 at 4:39 pm

  • Price: $1,075,000
  • Property Size: 3,234 Sq Ft
  • Land Area: 6,757 Sq Ft
  • Garage Size: 5
  • Year Built: 1914
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 5
  • NOI: $52,024
  • GRM: 12.51
  • CAP RATE: 4.84%
  • Price per Unit: $215,000
  • Market GRM: 10.09

Contact info

Austin Zahn
Austin Zahn
(310) 491-7050(310) 613-1251
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