1914 Pelican Ave - Multi-Family FOR SALE


San Pedro, CA 90732- Coastal San Pedro
$2,100,000 USD
541-543-0407
1914 Pelican Ave, San Pedro, CA for Sale
$2,100,000 USD
Multi-Family - FOR SALE
1/33
null | 5.15% Cap Rate

1914 Pelican Ave
San Pedro, CA 90732
Coastal San Pedro


HIGHLIGHTS

  • 5% Seller Carry (30 Yr. Amo)
  • Fully Renovated Property (Architectural Details)
  • Owner-User Opportunity
  • ADU Potential w/ Detached Garage (Future Triplex)
  • Large Lot w/ South & West-Facing Ocean Views
  • South Shore San Pedro Adjacent to PV

OVERVIEW

This is an off-market, fully renovated property in South Shore San Pedro—currently being finished and expected to be move-in ready by Oct 1st. For sale by owner, with seller financing available at 5% interest (30 yr. amo). Property to be delivered vacant. Officially listed as a 4 bed / 3 bath, the layout includes a beautifully updated 3 bed / 2 bath main house plus a converted garage {into a} studio with its own full kitchen and bathroom—perfect for rental income to help offset your mortgage. The home features west and south facing ocean views, a detached 2-car garage, an additional carport, and plenty of parking. There's a trellis-deck on south side and private backyard; 8.3K SF terraced lot. So, lots to work with! The detach garage offers a great opportunity to create an ADU. If this ad is up it's available. If you're a broker trying to get a listing please don't contact me. This deal is not on the MLS. CAP is projection ($7K for 3+2 main house & $2K for studio; more income potential with ADU).

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$972 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,050,000

CAP RATE

5.15%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1914 Pelican Ave (Duplex w/ 5% Seller Carry)

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,330 SF

ZONING

LAR1

APN/PARCEL ID

7562-008-039

ASK ABOUT THIS PROPERTY

541-543-0407

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541-543-0407

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