918 South S Cabrillo Ave new Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-25163549
Year Built 1964
Property Sub-Type Multi Family
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 (successful chiropractic business) 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 7 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! SEE SUPPLEMENTS FOR OFFERING MEMORANDUM AND RENT-ROLL
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Zoning LA C2
Interior
Laundry Community
Building
Lot Description Walkstreet,Landscaped,Rectangular Lot,Corner Lot