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Listed by Olga Wright, DRE #01315042 • Lyon Stahl Investment Real Estate, Inc.
$ 1,450,000
Est. payment /mo
Contingent
383 W 14th ST San Pedro, CA 90731
4,807 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSB26125439
Year Built 1923
Lot Size 4,807 Sqft
Source California Regional MLS
Property Description
8 Unit Apartment Complex Near Waterfront Development in one of the fastest-growing rental pockets of Los Angeles. The property consists of all 1 bed/1 bath units, generating $12,918/month in current rental income (including projected rent for 1 Vacant unit). Offered at a 7% CAP rate and 9.3 GRM, this is the strongest cash-flowing multifamily opportunities in San Pedro for a well maintained property. ***Major capital improvements include electrical, plumbing, exterior paint, reinforced foundation, and roof work, 7 of the 8 units have been renovated. Potential to add ADUs in the rear (Buyer to Verify).*** Located near the massive San Pedro waterfront redevelopment with over $500M in private investment and an additional $140M in recent federal port-related funding, the area is experiencing major transformation with new residential, retail, dining, and infrastructure projects expected to continue driving rental demand and property values upward stronger than most Los Angeles submarkets.
Location
State CA
County Los Angeles
Area 185 - Plaza
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 7456021034
Special Listing Condition Not Applicable , Accepting Backups
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