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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$2,590,000
Est. payment /mo
7,598 SqFt
New
918 S Cabrillo Ave San Pedro, CA 90731
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 7,598 sqft
Price per Sqft $340
MLS Listing ID SB-25164590
Year Built 1964
Lot Size 8,354 Sqft
Property Sub-Type Commercial/Residential
Property Description
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 6 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!
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Street Lights
Building
Lot Description Corner Lot, Rectangular Lot
Sewer Public Sewer