670 W 15th St - Multi-Family FOR SALE


San Pedro, CA 90731- Central San Pedro
$950,000 USD
310-463-5181
670 W 15th St, San Pedro, CA for Sale
$950,000 USD
Multi-Family - FOR SALE
1/26
null | 6.4% Cap Rate

670 W 15th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Downtown San Pedro
  • Port of Los Angeles
  • Section 8
  • Newer Construction
  • Large Open Floor Plan Units

OVERVIEW

Fantastic opportunity to acquire a meticulously maintained bread-and-butter triplex with a tantalizing CAP rate in San Pedro. Acquire this awesome unit mix of three two-bedroom units, all with garage parking, spanning a total of 3,118 sf across a 5,003 sf RD 1.5 zoned lot. This property is comprised of a spacious 2/1 1,000+sf standalone house built in 1915 (subject to RSO), and a back duplex with two newer 2/2s built in 1988. According to current information and belief, the 1988 builds are not subject to LA City RSO, but subject to AB1482 (buyer to verify) such that this building makes sense for owner occupants and investors alike. There are also several avenues to add value, such as repositioning the leases, and potentially converting the garages to ADUs to maximize return. This property is ideally situated nearby schools, parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future, not to mention proximity to Downtown San Pedro, the Arts District, and the in-progress West Harbor Waterfront Development at the Port of Los Angeles which will further cement demand with its one-mile-long waterfront promenade, a pop-up park, an off-leash membership dog park, overwater dining & bar, 20,000sf beer garden, waterside attractions, and an amphitheater! Don’t miss out, call today!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,667

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,003 SF

ZONING

RD 1.5

APN/PARCEL ID

7454-028-018

ASK ABOUT THIS PROPERTY

Vivian ChaingProperty ConciergeMore Info
310-463-5181

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Vivian ChaingProperty ConciergeMore Info
310-463-5181

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