372 W 11th St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,039,000 USD
310-494-6368
372 W 11th St, San Pedro, CA for Sale
$1,039,000 USD
Apartments - FOR SALE
1/20
null | 5.2% Cap Rate

372 W 11th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • 4-unit coastal property in San Pedro, built 1913. Rents approximately 25% below market, strong upside.
  • Mix consists of (3) 1BR/1BA & (1) Studio + Den + Office. 2/4 units to be delivered vacant and remodeled
  • Roof and plumbing replaced with permit. Electrical is GE, plumbing 90% copper.
  • Each unit includes one dedicated parking space. ADU potential adds 4 units, 2,140 square feet.
  • Separately metered for gas and electric + trash. Pro-forma cap rate of 7.27%.
  • Near the Port of LA, Minutes from West Harbor's new waterfront entertainment district, and Cabrillo Beach.

OVERVIEW

The Glaser Group is pleased to present 372 W 11th St, a 4-unit multifamily property in the San Pedro submarket of Los Angeles. The property offers investors an excellent opportunity in a tight coastal rental market, combining immediate rental upside with substantial ADU expansion potential. The property encompasses approximately 3,151 square feet on a .11 acre lot and features a unit mix of (3) 1BR/1BA units and (1) Studio + Den/Office unit. Two of the four units are delivered vacant and fully remodeled. Ownership carries out numerous capital improvements in recent years, including a full roof and plumbing replacement. The drain line is fully updated, and water supply plumbing is approximately 90% copper, reducing near-term capital needs for a buyer. Units also have W/D hookups. The property also presents strong ADU potential (Buyer to Verify), with a preliminary site plan for 4 additional ADU units totaling approximately 2,140 square feet. This expansion would nearly double the property's footprint to 8 total units and 5,291 total square feet, offering a significant avenue for future income growth. Each existing unit includes a dedicated parking space, with a separate structure in the rear of the property. Ideally situated in the vibrant San Pedro submarket, the property benefits from proximity to the Port of Los Angeles, the revitalized downtown waterfront, and a growing corridor of retail and dining. Continued investment in waterfront amenities, along with proximity to Cabrillo Beach and Los Angeles Harbor College, supports strong and consistent rental demand from a diverse tenant base seeking coastal access at relative affordability within Los Angeles County.

FOR SALE DETAILS

PRICE

$1,039,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

4

PRICE/UNIT

$259,750

CAP RATE

5.2%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LAR2

APN/PARCEL ID

7456-002-021

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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