1081 W 19th St - Apartments FOR SALE


San Pedro, CA 90731
$1,399,000 USD
310-832-4573
1081 W 19th St, San Pedro, CA for Sale
$1,399,000 USD
Apartments - FOR SALE
1/11
null | 5.36% Cap Rate

1081 W 19th St
San Pedro, CA 90731


HIGHLIGHTS

  • Spectacular Harbor and City Lights View
  • Rents have lots of room for additional Income
  • Property is Exempt from Los Angeles City Rent Stabilization Ordinance

OVERVIEW

Recent Rent Increase and price reduction. Located in the heart of the Vista Del Oro neighborhood of San Pedro is a excellent investment opportunity at 1081 W 19th St. Built in 1980 this property is NOT subject to Los Angeles City Rent Stabilization. This is a 4-Unit multi-family property with a great mix of units containing one 3 bedroom and 2 bath, two 2 bedroom and 2 bath units, and one 1 bedroom and 1 bath unit. In addition the 3 bedroom unit has washer and dryer hook ups and will be vacant on October 1st. A great chance for either an owner-user or an investor to maximize rent. Additionally, the property has a recreation / storage room which has the potential to be converted to an auxiliary dwelling unit (ADU) to continue to maximize the building's cash flow. 1081 W 19th St provides 3 units with an enclosed garage and a carport space for the remaining unit. This property is situated on 19th Street which provides the front and rear upper units with extraordinary views of the ocean and harbor. This is truly a pride of ownership property and has been well cared for over the years. The location of this building is only minutes from the huge redevelopment of the waterfront, West Harbor, slated to bring in several new restaurants and entertainment opportunities to San Pedro. In addition, this property is minutes from Cabrillo Beach, Angels Gate Park, shopping centers and more. Don't miss out on this incredible opportunity to own a exceptional piece of San Pedro real estate.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

4

PRICE/UNIT

$349,750

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1081 W. 19th Street San Pedro

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,048 SF

ZONING

RD1.5

APN/PARCEL ID

7462-012-060

ASK ABOUT THIS PROPERTY

Fred Di BernardoDi Bernardo RealtyMore Info
310-832-4573

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Fred Di BernardoDi Bernardo RealtyMore Info
310-832-4573

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.