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Listed by Lucy Milivojevic • eXp Realty of Greater Los Angeles, Inc.
$ 3,749,000
Est. payment | /mo
0.26 Acres Lot
$ 3,749,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25261590
Year Built 1973
Lot Size 0.264 Acres
Source California Regional MLS
Property Description
Prime 15-Unit building situated in the highly sought-after Vista Del Oro neighborhood of San Pedro, built in 1973, offers a compelling investment opportunity. The property features a diverse unit mix consisting of one 3-bed/2-bath unit, eight 2-bed/1-bath units, and six 1-bed/1-bath units. Select units include private balconies with city and harbor views. Spacious central courtyard brings in abundant natural light. There's ample tenant parking within the secure subterranean garage. This building has undergone significant capital improvements, including completed soft-story seismic retrofit, replacement of electrical breakers, new exterior paint and railings. Currently operating at a 5.0% cap rate with a 12.44 GRM, this asset offers SELLER FINANCING options and strong future upside in this desirable coastal community. Walking distance to Weymouth Corner Shopping Center and Averill Park, offers a blend of convenience, lifestyle amenities and strong future growth potential. This property is minutes from the 42-acre West Harbor redevelopment, a complete reimaging of the former Ports O' Call Village, offering restaurants, retail, fresh market, waterfront promenade, open-air amphitheater and more. ***See Supplements for Offering Memorandum***
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Heating Radiant
Cooling None
Laundry In Laundry Room, Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Gate / Door Opener, Underground Parking
Garage Spaces 25.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 7459019024
Special Listing Condition Not Applicable
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