349-359 W Amar St - Apartments FOR SALE
San Pedro, CA 90731 |
349-359 W Amar St
San Pedro, CA 90731
HIGHLIGHTS
- Prime Multi-Family Opportunity: Two adjacent fourplexes, each with a separate Assessor’s Parcel Number (APN).
- Offering a total of eight spacious single-story one-bedroom, one-bathroom units in the vibrant San Pedro neighborhood of Los Angeles.
- Expansive Land Holdings: Situated on a generous combined 8,100 square-foot lot, providing ample space for current operations and future enhancements.
- Robust Financial Performance: Delivering a strong current cap rate of 6.57% and a gross rent multiplier (GRM) of 10.43.
- Significant Value-Add Potential: Pro-forma projections indicate an impressive 9.57% cap rate and 7.88 GRM.
- Less than one mile from the iconic Los Angeles Waterfront, the emerging West Harbor development, the scenic San Pedro Promenade, and amphitheater.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Amar Gardens
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
3237
STORIES
1
YEAR BUILT
1923
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
7449-003-033,7449-003-034
