358 W 17th St - Multi-Family FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,195,000 USD
310-982-7055
358 W 17th St, San Pedro, CA for Sale
$1,195,000 USD
Multi-Family - FOR SALE
1/7
null | 3.1% Cap Rate

358 W 17th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Only 2 blocks from the massive West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail & dining
  • Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
  • Only a few blocks from Cabrillo Marina and Cabrillo Beach

OVERVIEW

Huge 4-unit property with tons of upside only 2 blocks from the enormous brand-new LA Waterfront development. 3 out of 4 units built in 1987 with over 4500 square feet of rentable space on a 6000 square foot lot plus 4 garages. Excellent unit mix with one 3 bed/2 bath front house (1947 built) plus three 2 bed/1 bath units (1987 built) in the rear. Very well priced at only $263/sq ft and 13.38X GRM on actual rents with a true 60% upside to a market GRM of 8.37 and cap rate of 7.2%. Separately metered for electricity and gas.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

3.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,994 SF

ZONING

LAR2

APN/PARCEL ID

7456-024-022

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.