Sold: Jun 18, 2021 - Waterfront
Address
629 633 W 8th Street San Pedro, CA
Price
$ 1,050,000
Property Attributes
  • MLS#SB20171932
  • TypeIncome
  • CountyLOS ANGELES
  • CitySan Pedro
  • Zip90731
  • Style
  • Price$ 1,050,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3716
  • Lot Size5,001 SqFt
Listing Provided Courtesy Of:
Stephen Lampe with Re/Max Commercial & Investment.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Opportunity for investors to purchase a well-maintained apartment complex at 5.14% Cap Rate on existing income. In addition, there is currently a vacant garage and 3 storage areas that can be rented for additional income. It is a charming two-story walk-up apartment complex consisting of 5 one-bedroom units. The property consists of in two separate buildings on one lot. Four out of five units have been completely renovated with granite counter tops, new cabinets, new tankless water heaters and laminate wood flooring throughout. The property is separately metered for gas and electric and is easy to maintain. It is located in one of the strongest rental areas of San Pedro and boasts growing demand from tenants. Centrally located between Downtown, Ports O' Call Village and San Pedro Marina, the asset is poised to take advantage of the continued revitalization of Downtown and Waterfront Enhancement Project and offers easy access to shops, dining, entertainment and transportation. LOCATED IN AN OPPORTUNITY ZONE

Price History
8/21/2020 Listed $1,100,000
5/12/2021 5% - $1,050,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90731

Price
AVG $1.07M
$1.05M