2220 S Pacific Ave - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$950,000 USD
310-480-2130
2220 S Pacific Ave, San Pedro, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/9
null | 4.57% Cap Rate

2220 S Pacific Ave
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Terrific opportunity for an owner-user to take advantage of residential financing and insurance, or to add a bite-sized property to your portfolio.
  • Projected rental upside of just under 20% +/-!
  • Unit mix of half two beds and half one beds (units built as one beds).
  • One garage parking space at rear of property for each unit, with a possibility for an ADU (Buyer to verify)!
  • The immediate area is filled with walkable tenant amenities!

OVERVIEW

Welcome to 2220 South Pacific, a fantastic four-unit property in the heart of San Pedro! Just steps from Cabrillo Marina, vibrant restaurants, shopping, and more, this is your chance to own a piece of a thriving coastal community. Investor & Owner-User Dream: Generate strong current income while capitalizing on a projected 23%+ rental upside! Versatile Unit Mix: A blend of one-bedroom and converted two- bedroom units, each with its own garage parking space. ADU Potential: Explore the possibility of converting garage space into an accessory dwelling unit (Buyer to verify). Outdoor Oasis: A spacious backyard offers tenants a perfect space to soak up the sun, unwind, or socialize with friends. A Location That Has It All! San Pedro is renowned for its charming small-town atmosphere, family-owned businesses, and unique architecture. Tenants will love easy access to boutique shops, hotels, restaurants, art galleries, theaters, and entertainment—all adding to the area's undeniable charm and appeal! Don't miss this golden investment opportunity! Interested? Let's chat about how 2220 South Pacific can be the next great addition to your portfolio or possibly your new home!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

4.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,881 SF

ZONING

LAC2

APN/PARCEL ID

7465-003-004

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

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