721 W 39th St - Apartments FOR SALE


San Pedro, CA 90731
$1,850,000 USD
424-405-3855
721 W 39th St, San Pedro, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/14
null | 4.3% Cap Rate

721 W 39th St
San Pedro, CA 90731


HIGHLIGHTS

  • Rare Coastal Property
  • Average Unit Size 1,076 SQFT
  • Estimated 36% Upside
  • All Two and Three Bedroom Units
  • Owner User Opportunity
  • 2-Car Garage and Front Yard Space

OVERVIEW

We are pleased to present this rare coastal property seconds from the cliffs of the Pacific Ocean in a quite residential neighborhood. The property is comprised of 5 units – three 2b1b units and two 3b2b units. The property has been soft story retrofitted, has new exterior railings, exterior paint, and has recently undergone an interior renovation on one of the three bedroom units. The average square feet of each unit is 1,076 and boast large floorplans. Tenants can enjoy walking the cliffsides, quite peaceful surroundings, and larger units which makes this an ideal investment property. A new owner can benefit from an estimated 36% upside in rents, a great quality piece of real estate, and solid returns.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

5

PRICE/UNIT

$370,000

CAP RATE

4.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,101 SF

ZONING

R2

APN/PARCEL ID

7467-021-002

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
424-405-3855

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
424-405-3855

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