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About the Listing SB1310620 - SBWRIGOLG,SBBARTJER
8 Unit Apartment Complex Near Waterfront Development in one of the fastest-growing rental pockets of Los Angeles. The property consists of all 1 bed/1 bath units, generating $12,918/month in current rental income (including projected rent for 1 Vacant unit). Offered at a 7% CAP rate and 9.3 GRM, this is the strongest cash-flowing multifamily opportunities in San Pedro for a well maintained property. ***Major capital improvements include electrical, plumbing, exterior paint, reinforced foundation, and roof work, 7 of the 8 units have been renovated. Potential to add ADUs in the rear (Buyer to Verify).*** Located near the massive San Pedro waterfront redevelopment with over $500M in private investment and an additional $140M in recent federal port-related funding, the area is experiencing major transformation with new residential, retail, dining, and infrastructure projects expected to continue driving rental demand and property values upward stronger than most Los Angeles submarkets.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
SB26125439
Year Built
1923
Total Square Footage
5,180
Lot/Acreage
0.11
County
Los Angeles
Area
185 - Plaza
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Walkstreet,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7456021034
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
383 W 14th St San Pedro, CA 90731
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