663 W 5th St - Multi-Family FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,350,000 USD
707-225-2402
663 W 5th St, San Pedro, CA for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/13
null | 4.73% Cap Rate

663 W 5th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • 1990s Construction
  • First Time Ever Being Sold
  • Well-Maintained
  • 7 Parking Spots
  • Estimated 20% Upside

OVERVIEW

We are pleased to present 663 W 5th St, a six-unit multifamily property located in the heart of San Pedro, CA and only blocks away from the vibrant downtown neighborhood. Built in the 1990s and being offered for sale for the first time ever, this well-maintained asset features a diverse unit mix consisting of one 2-bedroom/2-bathroom unit, one 2-bedroom/1-bathroom unit, and four studio units. Given the building was built in 1990, the property DOES NOT fall under LA City rent control. The property offers seven on-site parking spaces and presents investors with an estimated 20% rental upside through future modernization and rent adjustments. Situated in a rapidly developing pocket of San Pedro near local restaurants and major transit corridors, 663 W 5th St provides a great opportunity to acquire a building with strong in-place income and long-term growth potential. For more information, please reach out.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

4.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1990s Construction

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7451-029-003

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.