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About the Listing SB1301700 - sbwalkant,SBESSJOSH
High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential. Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from 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. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
SB26029816
Year Built
1923
Total Square Footage
5,616
Lot/Acreage
0.11
County
Los Angeles
Area
189 - Barton Hill
Interior Details
- Bedrooms: 2
- Bathrooms: 3 Full
- Appliances: Gas Oven, Gas Range
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof: Flat
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage Faces Rear
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7451036019
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
626 W 7th San Pedro, CA 90731
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