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1401 Pacific Coast Highway, Harbor City, CA

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1401 Pacific Coast Highway

Harbor City, CA 90710-2739 - Harbor City MF Submarket

Property Type:Multi-Family Number of Units:10 Status:Existing Year Built:1963
Stories:- Building Size:7,368 SF Land Area:.19 AC (8,093 SF)
For Sale Price:$1,199,000 Price/Unit:$119,900.00 Cap Rate:6.37 % GRM:11.06

Parking:.95 Parking Spaces / 1,000 SF

Sale Notes:
An almost 6.5% cap opportunity along PCH (Hwy 1). Desirable accessibility for the tenants and excellent visibility for the retailers, in this location. The subject property is made up of 7 apartment units and retail/office in some of the ground floor space. The units are all separately-metered and the apartment tenants have carport parking in the rear. A strong play for an investor at $120K/unit and a 6.37% cap rate. Aka 25737 Belle Porte Ave.

Sold as part of a 2 building portfolio or can be sold separately. 581 Bonita St in San Pedro is the other building in the portfolio. A 4 unit asset (all 2 Bd units) on an attractive residential street in gentrifying San Pedro.

RE/MAX Commercial & Investment Realty
Brice Head
(310) 802-2520

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