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719 - 721 W 31st Street, San Pedro, CA

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719 - 721 W 31st Street

San Pedro, CA 90731-6726 - Coastal San Pedro MF Submarket


Property Type:Multi-Family Number of Units:11 Status:Existing Year Built:1973
Stories:1 Building Size:9,788 SF Land Area:.23 AC (10,001 SF)
For Sale Price:$2,699,000 Price/Unit:$245,363.64 Cap Rate:3.36 % GRM:16.25

Parking:2.25 Parking Spaces / 1,000 SF



Sale Notes:
FIRST TIME ON THE MARKET IN 30 YEARS!. An asset you'll keep for 30 years! Prime real estate in a prime location. A garden-style walkup building with views that will always command a market rent.

Well-maintained, multifamily asset in one of San Pedro's best submarkets, Pt. Fermin
Large units, landscaped, center courtyard-entry with expansive views of the Harbor and the LA Basin
Garage and carport parking with 22 total parking spaces (tandem)
New windows throughout - 3 units redone in the last couple of years Newer hot water heater and recent roof upgrades as well
LONG TERM OWNERSHIP - HUGE, UNREALIZED RENT UPSIDE OF 30%+/-

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




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