3531 S Peck Ave - Apartments FOR SALE


San Pedro, CA 90731
$1,445,000 USD
323-767-2071
3531 S Peck Ave, San Pedro, CA for Sale
$1,445,000 USD
Apartments - FOR SALE
1/16
null | 3.89% Cap Rate

3531 S Peck Ave
San Pedro, CA 90731


OVERVIEW

Lee and Associates is pleased to present 3531 S Peck Ave & 708 W 36th St, San Pedro. These two separate parcels feature 4 units (1BR / 1BA) with a total building area of approximately 3,144 SF and situated on approximately 8,751 SF of land. Located in the desirable coastal neighborhood of Point Fermin in San Pedro, this unique investment opportunity is located adjacent to a park on the west, near beaches and local amenities, highly attractive to potential renters or a potential owner user. These properties have partial ocean views and are situated on uncommonly larger plots of land for coastal cities offering potential for ADU additions or further development. The total gross income expected is approximately $83,228 per year with Peck Rd units between $2067 - $2195 per month whereas 36th St is below market at $1,281 - $1,392. Each tenant is responsible for electricity (separately metered ) and the landlord pays for common area electricity, water/sewer, and gas. New owners seeking an immediate NOI boost can utilized "ratio utility billing" for utility charges beared by the landlord. Earlier this year, the owners spend $15,000 on a new roof and $6,000 on landscaping. Please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$1,445,000 USD

PRICE/SF

$460 USD /SF

# OF UNITS

4

PRICE/UNIT

$361,250

CAP RATE

3.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LARD2

APN/PARCEL ID

7467-011-008

ASK ABOUT THIS PROPERTY

Elias VasconcellosLee & AssociatesMore Info
323-767-2071

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Elias VasconcellosLee & AssociatesMore Info
323-767-2071

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