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918 Cabrillo Avenue, San Pedro, CA 90731
Priced at Only: $2,488,000
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Address: 918 Cabrillo Avenue, San Pedro, CA 90731
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  • MLS#: SB26022429 ( Multi Family )
  • Street Address: 918 Cabrillo Avenue
  • Viewed: 2
  • Price: $2,488,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 49
  • Additional Information
  • County: LOS ANGELES
  • City: San Pedro
  • Zipcode: 90731
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Olga Olga
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Beautiful Pride of Ownership Property in PRIME Location!!! Charming courtyard style apartment complex consisting of 8 residential units6 one bedroom units and 2 two bedroom unitsalong with 4 street facing commercial spaces on 9th Street, occupied by a long term tenant (lease in place through April 2030 with built in annual increases). **Major capital improvements include: soft story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations. The property has 6 private garages, additional on site parking, and common laundry facilities. **Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long term performance with minimal maintenance and easy management.
Features
Assetclass
  1. Multi-Family
  2. Office
  3. Retail
  4. Specialty
Building Area Total
  1. 7598.00
Commoninterest
  1. Community Apartment
Country
  1. US
Current Financing
  1. Conventional
Current Use
  1. Investment
Land Use
  1. Multi-Family
  2. Office
  3. Other
  4. Retail
Laundry Features
  1. Community
Netoperatingincome
  1. 146143.00
Parcel Number
  1. 7454009001
Property Type
  1. Multi Family
Totalexpenses
  1. 71062.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
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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