675 W 11th St - Apartments FOR SALE


San Pedro, CA 90731
$2,299,000 USD
424-558-0476
675 W 11th St, San Pedro, CA for Sale
$2,299,000 USD
Apartments - FOR SALE
1/15
null | 5.7% Cap Rate

675 W 11th St
San Pedro, CA 90731


HIGHLIGHTS

  • Community Laundry
  • Close approximation to new Waterfront Development
  • Close approximation to Freeways, Restaurants & More
  • Low Maintenance Style building

OVERVIEW

Fantastic opportunity to own an 11 unit building, located in the heart of San Pedro! The set up includes One - 2 bedroom unit, Two - 1 bedroom units, and Eight - studio units, plus includes community laundry. This is a very low maintenance building, Landlord pays all utilities. There are 6 vacant garages in the back not currently rented. Capitalize on the upside for rent increase potential in this appreciating San Pedro market. Walking distance to the new San Pedro waterfront development, West Harbor. West Harbor is an over $150-million dollar redevelopment of the San Pedro water front and will feature 42 acres of restaurants, shopping, fresh markets, office space, and a waterfront promenade with an open-air amphitheater for live entertainment. Attractive opportunity to acquire this 11-unit asset in an appreciating market, driven by ongoing San Pedro developments.

FOR SALE DETAILS

PRICE

$2,299,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

11

PRICE/UNIT

$209,000

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,753 SF

ZONING

RD3

APN/PARCEL ID

7454-018-003

ASK ABOUT THIS PROPERTY

Nicole PletkovichKeller Williams Realty L.A. HarborMore Info
424-558-0476

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Nicole PletkovichKeller Williams Realty L.A. HarborMore Info
424-558-0476

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