3437 S Carolina St - Apartments FOR SALE


San Pedro, CA 90731- Coastal San Pedro
$3,975,000 USD
562-257-1200
3437 S Carolina St, San Pedro, CA for Sale
$3,975,000 USD
Apartments - FOR SALE
1/19
null | 4.33% Cap Rate

3437 S Carolina St
San Pedro, CA 90731
Coastal San Pedro


HIGHLIGHTS

  • Rare Coastal San Pedro Location with Ocean Views: Centrally located to Cabrillo Beach
  • West Harbor Redevelopment, & Angels Gate Park True Pride of Ownership Legacy Asset: Built in 1980 and Completely Reinvented in 2020
  • True Pride of Ownership Legacy Asset: Built in 1980 and Completely Reinvented in 2020
  • Complete Renovation Done to Current Standards: Mini-Split A/C, Modern Finishes, Vinyl Flooring, New Kitchens, & New Bathrooms
  • Amenities That All Tenants Value: Synergized Outdoor Space, Washers and Dryers in Each Unit & Brand New Appliances

OVERVIEW

Marcus & Millichap is pleased to present a 7-unit multifamily property located at 3437 South Carolina Street located in Long Beach, CA. Built in 1980, the subject property consists of 9,811 rentable square feet spread throughout a 12,012 square foot lot. The building consists of six 2- bedroom / 1-bathroom units, and one 3- bedroom / 2-bathroom unit. It contains one 1-car garage, four 2-car garages and a communal private ocean-view patio for tenant enjoyment. The units were fully renovated and re imagined, including creative amenities such as new kitchens & bathrooms, vinyl floors, mini-split A/C, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements. Tenants enjoy living a short distance to local beaches, the Korean Bell of Friendship, as well as shopping, restaurants, and nightlife. The city of San Pedro continues to progress forward and is currently experiencing major redevelopment. The Port of Los Angeles is undergoing $3.6 million in future redevelopment that will enhance public access and provide unprecedented views of the Los Angeles waterfront. The city is undergoing a building boom in private and public investments in various stages of development. The new San Pedro Public Market development will include shopping, dining entertainment and recreation as well as development of a continuous waterfront promenade. San Pedro sustains its ability to attract renters due to its strong economy and quality of life

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$405 USD /SF

# OF UNITS

7

PRICE/UNIT

$567,857

CAP RATE

4.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

LAR1

APN/PARCEL ID

7467-010-039

ASK ABOUT THIS PROPERTY

Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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