252 W 11th - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$995,000 USD
310-982-7055
252 W 11th, San Pedro, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/21
null | 6.18% Cap Rate

252 W 11th
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 sqft of entertainment
  • 3 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
  • Only a few blocks from Cabrillo Marina and Cabrillo Beach

OVERVIEW

Super high yield 5 unit property for under $1M only 1 block from the huge brand new LA Waterfront development. Two large 3 bed, 2 bath units plus 3 studio units in rear in three structures total plus off street parking for 5 cars. Large front units just remodeled in 2025 and leased at market. Attractive income at an in place GRM of 9.8 and an actual cap rate of 6.2% plus a 15% upside to 8.5X GRM and 7.5% cap rate at market rents. Only $199K/door. Separately metered for electricity, gas, and trash for a low expense building.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-2

APN/PARCEL ID

7456-003-012

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.