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%

Address

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

Details

Updated on December 18, 2018 at 4:18 pm
  • Price: $950,000
  • Property Size: 3,540 Sq ft
  • Land Area: 6,751 Sq ft
  • Year Built: 1922
  • Property Type: Multifamily
  • Property Status: Sold

Overview

  • Multifamily
  • Property Type
  • 3,540
  • Sq ft
  • 1922
  • Year Built

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