626 W 7th St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,695,000 USD
310-982-7055
626 W 7th St, San Pedro, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/13
null | 6% Cap Rate

626 W 7th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
  • Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development
  • Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA
  • Walk Score 93/100

OVERVIEW

High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6% plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

10

PRICE/UNIT

$169,500

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

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

C2-1, LA County

APN/PARCEL ID

7451-036-019

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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