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Listed by Anthony Walker, DRE #01908153 • Buckingham Investments, Inc
$ 1,695,000
Est. payment /mo
Active
626 W 7th San Pedro, CA 90731
5,001 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26029816
Style Mediterranean
Year Built 1923
Lot Size 5,001 Sqft
Source California Regional MLS
Property Description
High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential. Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Rooms
Kitchen Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry None
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Foundation Raised
Water District - Public
Architectural Style Mediterranean
Others
Tax ID 7451036019
Special Listing Condition Not Applicable
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