522 N Centre St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,280,000 USD
707-225-2402
522 N Centre St, San Pedro, CA for Sale
$1,280,000 USD
Apartments - FOR SALE
1/12
null | 6% Cap Rate

522 N Centre St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • 4 of 6 Units Renovated
  • Roof Replaced in 2019
  • All Units Have Washer/Dryers
  • Estimated 25% Upside

OVERVIEW

We are pleased to present 522 N Centre Street in San Pedro, CA, a six-unit multifamily property offering strong in-place income and clear value-add potential. The property features a balanced unit mix of three two-bedroom/one-bathroom units and three one-bedroom/one-bathroom units, with four of the six units recently renovated. Capital improvements include a new roof completed in 2019, and all units are equipped with in-unit washer and dryers, enhancing tenant appeal. With an estimated 25% rental upside, this asset presents an attractive opportunity for investors seeking both immediate cash flow and long-term growth in a desirable San Pedro submarket. For more information, please reach out.

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

6

PRICE/UNIT

$213,333

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LAR2

APN/PARCEL ID

7449-004-001

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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