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755 W 30th St, San Pedro, CA 90731

$1,800,000

Description

Seven-unit apartment building – irreplaceable Point Fermin location in San Pedro! Many units have ocean views and the property will be delivered with two units vacant in a rent-ready condition (one-bedroom and two-bedroom). With 7 tuck-under parking spaces and 2-car garage, property has ample parking in addition to abundance of street parking. Property has an excellent unit mix of 4 two-bedroom and 3 one-bedroom units. On-site Laundry Room with landlord-owned equipment brings additional income; 2-­car garage is rented at an additional $190/mo. Note: indicated rents are as of January 1st, 2020 and two vacant units are indicated at projected market rents. Property is subject to LA City rent control and Soft Story retrofit.

Property Downloads

Address

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

Detail

Updated on November 25, 2019 at 7:04 pm

  • Price: $1,800,000
  • Property Size: 5,679 Sq Ft
  • Land Area: 9,347 Sq Ft
  • Garage Size: 9
  • Year Built: 1961
  • Property Type: Multifamily
  • Property Status: Pending Sale, Active
  • Numbers of Units: 7
  • GRM: 13.99
  • CAP RATE: 4.88%
  • Price per Unit: $257,143
  • Market GRM: 9.97
  • Market CAP RATE: 7.67%

Contact info

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

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