663 W 5th St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,395,000 USD
310-383-5927
663 W 5th St, San Pedro, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/11
null | 5.7% Cap Rate

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


OVERVIEW

RE/MAX One Commercial is pleased to present a turnkey 6-unit multifamily investment opportunity located in the heart of San Pedro. Built in 1990, the property is exempt from Los Angeles City Rent Control (RSO), positioning the asset for long-term income growth in a market supported by strong rental demand. The property has been extensively renovated with a new roof, electrical systems, copper plumbing, water heater, and upgraded laundry facilities. Interior improvements include remodeled kitchens and bathrooms, hardwood flooring, recessed lighting, fresh paint, and updated fixtures, creating a true turnkey investment with minimal deferred maintenance. 5/6 of the units have been fully renovated. Located in a highly walkable San Pedro neighborhood, the property features secured gated entry and parking and is just minutes from the $200 million West Harbor redevelopment. With convenient access to the I-110 Freeway, the asset is well positioned to benefit from the area's continued growth and revitalization. Property Details: • 6 Units: (1) 2 Bed / 2 Bath, (1) 2 Bed / 1 Bath, (4) Studios • Built in 1990 (Not Subject to LA City Rent Control) • 4,057 SF Building • 5,000 SF LAR3 Lot • 7 Gated On-Site Parking Spaces Recent Upgrades: • New Roof • New Electrical System • New Copper Plumbing • New Water Heater • Fresh Interior and Exterior Paint • Secured Gated Entry and Parking • On-Site Laundry Room with Brand-New Machines • 5/6 Units Remodeled with Hardwood Floors, Updated Kitchens, New Bathtubs and Vanities, and Recessed Lighting

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

6

PRICE/UNIT

$232,500

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAR3

APN/PARCEL ID

7451-029-003

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

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Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

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