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Listed by Anthony Walker • Buckingham Investments, Inc
$ 2,195,000
Est. payment | /mo
8,223 Sqft Lot
$ 2,195,000
Est. payment | /mo
8,223 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25233836
Year Built 1923
Lot Size 8,223 Sqft
Source California Regional MLS
Property Description
Huge 8 unit campus property in one of the best parts of San Pedro at only 11.5X GRM plus a 25% upside. Great unit mix with four 2 bed units, two 1 bed units, one 3 bed, 3 bath unit, and one studio. Almost 7000 square feet of rentable space situated on over 8200 square feet of land. Large duplex structure built in 1923 plus 6 units built in 1962. 5 out of 8 units nicely remodeled from 2021 to present. 3 enclosed garages, 4 tuck under parking spaces, and 1 surface parking space for a 1:1 parking ratio. Soft story retrofit completed in 2020. Well priced on income at 11.5X GRM on actuals plus a 25% upside to 9.3X GRM and a market cap rate of 7%. Beautiful Vista Del Oro location only a few blocks from Palos Verdes in a tranquil residential area. Attractive curb appeal with street and alley access. Only 3 blocks from Providence Little Company of Mary San Pedro Hospital. Easy access to Downtown San Pedro and the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026.
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Laundry None
Exterior
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Composition
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 7458010027
Special Listing Condition Not Applicable
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