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Listing 14 out of 169
$1,050,000 For Sale

252 W 11th Street
San Pedro, CA 90731

5 units | Multi Family Home
6756 sq ft lot - MLS# SB19107792
Property Photo
1/26

Description

Presenting 252 W 11th Street a 5 unit apartment building in the rapidly appreciating market of San Pedro. This unique offering includes two 3-bed 2-bath units and three bungalow style studio units. The 3,234 SF building sits upon a 6,757 SF lot and offers 5 on-site parking spaces + tons of street parking. Operating at a 12.5 GRM and 4.84% cap rate makes this opportunity highly desirable. The property's location is around the corner from both the Harbor View House and Public Outdoor Marketplace developments. With three of the units completely remodeled, the property is primed to cash flow for years to come!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1914
  • Stories: Two
  • Units: 5 units
  • Lot Size: 6756 sq ft lot
  • View: Harbor, Yes
  • Zoning: LAR2
  • Area: 185 - Plaza
  • Average Studio Area Units: Square Feet
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Building Area Total: 3234.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.84
  • Community Features: Sidewalks
  • Country: US
  • Directions: Head South on Gaffey and turn left on 11th St
  • Electric Expense: 1000.00
  • Fuel Expense: 1000.00
  • Gardener Expense: 1200.00
  • Gross Income: 85914.00
  • Gross Multiplier: 12.51
  • Gross Scheduled Income: 85914.00
  • Insurance Expense: 2365.00
  • Laundry Features: Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01936451
  • Listing Office License: 01972083
  • Lot Features: Front Yard
  • Lot Size Area: 6757.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 4296.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 52024.00
  • New Taxes Expense: 13438.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 29594.00
  • Rent Control YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 29594.00
  • Trash Expense: 1000.00
  • Water Sewer Expense: 1000.00
  • Water Source: Public
  • Year Built Source: Public Records
Courtesy of Lyon Stahl Investment Real Estate, Inc., Austin Zahn

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Sheri McHale-Moody
RE/MAX Estate Properties

1416 W. 25th St
San Pedro, CA 90732
Phone: 310-940-1516
Email: sherimoody10@gmail.com

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