1129-1135 W 10th St - Apartments FOR SALE


San Pedro, CA 90731- Northwest San Pedro
$2,195,000 USD
310-982-7055
1129-1135 W 10th St, San Pedro, CA for Sale
$2,195,000 USD
Apartments - FOR SALE
1/9
null | 5% Cap Rate

1129-1135 W 10th St
San Pedro, CA 90731
Northwest San Pedro


HIGHLIGHTS

  • Beautiful Vista Del Oro location only a few blocks from Palos Verdes in a tranquil residential area.
  • Attractive curb appeal with street and alley access.
  • Only 3 blocks from Providence Little Company of Mary San Pedro Hospital
  • Easy access to Downtown San Pedro and the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 squa

OVERVIEW

Huge 8 unit campus property in one of the best parts of San Pedro at only 11.5X GRM plus a 25% upside. Great unit mix with four 2 bed units, two 1 bed units, one 3 bed, 3 bath unit, and one studio. Almost 7000 square feet of rentable space situated on over 8200 square feet of land. Large duplex structure built in 1923 plus 6 units built in 1962. 5 out of 8 units nicely remodeled from 2021 to present. 3 enclosed garages, 4 tuck under parking spaces, and 1 surface parking space for a 1:1 parking ratio. Soft story retrofit completed in 2020. Well priced on income at 11.5X GRM on actuals plus a 25% upside to 9.3X GRM and a market cap rate of 7%.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

8

PRICE/UNIT

$274,375

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LARD2

APN/PARCEL ID

7458-010-027

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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