918 S Cabrillo Ave - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$2,590,000 USD
310-801-7373
918 S Cabrillo Ave, San Pedro, CA for Sale
$2,590,000 USD
Apartments - FOR SALE
1/18
null | 5.68% Cap Rate

918 S Cabrillo Ave
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Pride of Ownership Courtyard-Style Apartment Complex in PRIME Location
  • Extensive Capital Improvements including new roof, garage doors, main drain, rain gutters, exterior paint, renovated units, etc.
  • Excellent unit mix of 1 and 2 Bedroom Units plus a commercial unit (4 spaces); Long tern commercial tenant exercised 5- year option through April 2030
  • Property is qualified for a favorable multifamily loan

OVERVIEW

Beautiful Pride-of-Ownership Property in PRIME Location! Charming courtyard-style apartment complex with 6 spacious one-bedroom units, 2 two-bedroom units, and a long-term commercial tenant occupying 4 spaces facing 9th Street (lease secured through April 2030)... Extensively upgraded with a new roof, main drain, garage doors, exterior paint, and renovated units. Soft-story retrofit completed. Includes 7 private garages, additional on-site parking, and extra income from laundry and garage rentals. Offered at an attractive 11.9 GRM and 5.6% Cap Rate on current income, with significant rental upside.*** Qualifies for favorable multifamily financing — a turnkey investment opportunity!

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

12

PRICE/UNIT

$215,833

CAP RATE

5.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,363 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

7454-009-001

ASK ABOUT THIS PROPERTY

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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