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Listed by: Anthony Walker (310) 982-7055 DRE #01908153, Josh Ess DRE #02035659 | Buckingham Investments, Inc (310) 982-7055
$1,695,000
2 Beds
- 3 Baths
--sqft
626 W 7Th, San Pedro, CA 90731
$1,695,000
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Apartment
Built in 1923
$-- HOA
5,001 sqft lot
--/sqft
Description
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 o...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
- sqft
Lot Size
5,001 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26029816
MLS Status
Active
Days on Market
37
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