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1129 10th Street, San Pedro, CA 90731
Priced at Only: $2,195,000
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Address: 1129 10th Street, San Pedro, CA 90731
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  • MLS#: SB25233836 ( Apartment )
  • Street Address: 1129 10th Street
  • Viewed: 2
  • Price: $2,195,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 145
  • Additional Information
  • County: LOS ANGELES
  • City: San Pedro
  • Zipcode: 90731
  • Provided by: Buckingham Investments, Inc
  • Contact: Anthony Anthony
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Huge 8 unit campus property in one of the best parts of San Pedro at only 11.5X GRM plus a 25% upside. Great unit mix with four 2 bed units, two 1 bed units, one 3 bed, 3 bath unit, and one studio. Almost 7000 square feet of rentable space situated on over 8200 square feet of land. Large duplex structure built in 1923 plus 6 units built in 1962. 5 out of 8 units nicely remodeled from 2021 to present. 3 enclosed garages, 4 tuck under parking spaces, and 1 surface parking space for a 1:1 parking ratio. Soft story retrofit completed in 2020. Well priced on income at 11.5X GRM on actuals plus a 25% upside to 9.3X GRM and a market cap rate of 7%. Beautiful Vista Del Oro location only a few blocks from Palos Verdes in a tranquil residential area. Attractive curb appeal with street and alley access. Only 3 blocks from Providence Little Company of Mary San Pedro Hospital. Easy access to Downtown San Pedro and the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 6910.00
Carport Spaces
  1. 4.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Country
  1. US
Days On Market
  1. 118
Direction Faces
  1. North
Electric
  1. Standard
Electric Expense
  1. 1094.00
Fencing
  1. Block
  2. Wrought Iron
Fuel Expense
  1. 2435.00
Garage Spaces
  1. 3.00
Gardner Expense
  1. 1800.00
Insurance Expense
  1. 10000.00
Laundry Features
  1. None
Levels
  1. Three Or More
Lockboxtype
  1. None
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 112157.00
Newtaxesexpense
  1. 27438.00
Parcel Number
  1. 7458010027
Pool Features
  1. None
Professionalmanagementexpense
  1. 9018.00
Property Type
  1. Apartment
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. None
  2. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448653494:CRM
Spa Features
  1. None
Taxblock
  1. 20
Totalactualrent
  1. 15795.00
Totalexpenses
  1. 68206.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 1.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
View
  1. None
Water Sewer Expense
  1. 6333.00
Water Source
  1. Public
Year Built
  1. 1923
Year Built Source
  1. Assessor
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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