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667 W 11th St, San Pedro, CA 90731

$950,000

Description

Lyon | Stahl is pleased to present 667 W 11th St, a 3-unit apartment building located in San Pedro, CA. This well-maintained property is situated on 6,751 SF of land and boasts an excellent unit mix consisting of one (1) 4-bed/2-bath and two (2) 2-bed/1-bath units for a total of 3,540 SF of living space. Located just blocks from the ocean, this property features a 3-car garage in back, a large driveway for additional parking, beautifully renovated units, and large balcony overlooking the backyard. Currently, fully leased out, this property still has the ability to increase by almost 20% in market rent potential, making it an incredible investment for an investor looking to acquire stable assets.

Investment Highlights:

  • Well-maintained & recently renovated 3-unit building
  • 3,540 SF building situated on 6,751 SF of land
  • Desirable unit mix consisting of (1) 4-bed/2-bath & (2) 2-bed/1-bath units
  • Operating at a 5.12% CAP & 13.42 GRM | Pro Forma 6.50% CAP – 11.23 GRM
  • Features a large driveway, 3-car garage, and large balcony
  • Market rent potential to increase rents nearly 20%

Property Downloads

Address

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

Detail

Updated on September 10, 2018 at 6:05 pm

  • Price: $950,000
  • List Date: 09/06/18
  • Property Size: 3,540 Sq ft
  • Land Area: 6,751 Sq ft
  • Year Built: 1922
  • Property Type: Multifamily
  • Property Status: Pending Sale, Active
  • Numbers of Units: 3
  • NOI: $48,617
  • GRM: 13.42
  • CAP RATE: 5.12%
  • Price per Unit: $316,666.67
  • Market GRM: 11.23
  • Market CAP RATE: 6.50%

Contact info

Woody Stahl
Woody Stahl
(310) 880-0926(310) 880-0926
Linkedin
Brett Lyon
Brett Lyon
(310) 880-5328(310) 880-5328
Linkedin

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