663 W 2nd St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,400,000 USD
562-307-0838
663 W 2nd St, San Pedro, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/29
null | 3.85% Cap Rate

663 W 2nd St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • 1983 Construction- Not subject to LA Rent Stabilization Ordinance
  • Easy Access to Ports O‘ Call, Downtown San Pedro, and the 110 Freeway
  • Secured parking with 8 covered spaces.
  • Large storage room with laundry hookups
  • Upside in rents

OVERVIEW

Built in 1983, this pride-of-ownership 4-unit property offers investors and owner-occupants alike a rare combination of modern construction, strong income potential, and long-term upside. Because it was built after 1978, the property is not subject to the Los Angeles Rent Stabilization Ordinance, providing valuable flexibility in future rent growth. Each spacious unit features vaulted ceilings that fill the interiors with natural light, creating a desirable living environment for tenants. The building also includes 8 covered parking spaces on the first floor—a highly attractive amenity for residents. In addition, a large storage area presents a unique opportunity for a new owner to get creative and generate additional revenue.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

3

PRICE/UNIT

$466,667

CAP RATE

3.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LAR2

APN/PARCEL ID

7451-016-006

ASK ABOUT THIS PROPERTY

Juan HuizarSage Real EstateMore Info
562-307-0838

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Juan HuizarSage Real EstateMore Info
562-307-0838

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