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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$ 2,590,000
Est. payment /mo
New
918 South S Cabrillo Ave San Pedro, CA 90731
UPDATED:
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 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! 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
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944