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326 W 11th Street, San Pedro, CA

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326 W 11th Street

San Pedro, CA 90731 - Central San Pedro MF Submarket

Property Type:Multi-Family Number of Units:16 Status:Existing Year Built:1920
Stories:2 Building Size:7,992 SF Land Area:.12 AC (5,227 SF)
For Sale Price:$1,699,000 Price/Unit:$106,187.50 Cap Rate:4.20 % GRM:13.23


Property Description: 16-UNIT APARTMENT BUILDING

Sale Notes:
Nicely-maintained 16 unit near Ports O' Call. Strong curb appeal highlighted by newer window throughout. Also, the subject property has a center hallway and interior-access& .an appealing characteristic in Southern California, where most apartment buildings are "exterior walk up". The building has separate electric meters, keeping landlord-expenses down. In general, an low-expense building without landscaping expenses or larger units, running up the water bill. An desirable acquisition for a new or seasoned investor.
The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.

Between the Port of LA to the East and Gaffey, to the West.

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

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