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740 W 21st San Pedro, CA 90731
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Key Details
Sold Price $1,211,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22062727
Sold Date 06/03/22
Bedrooms 8
HOA Y/N No
Lot Size 5,010 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Large 4-unit apartment building only blocks from Cabrillo Marina and the beach. Great unit mix with 100% large 2-bedroom, 1-bathroom units. Huge 52% upside in rents to a 11.36 GRM and a 5.4% cap rate on market rents. Off-street tuck under parking for 4 cars. Not subject to city of LA soft story retrofit program. Excellent Vista Del Oro location, blocks away from multi-million dollar LA Waterfront Redevelopment, booming downtown San Pedro, Cabrillo Marina, Angel's Gate Park, and the beach. Quiet residential street in a dense, low-vacancy market.
Large 4-unit apartment building only blocks from Cabrillo Marina and the beach. Great unit mix with 100% large 2-bedroom, 1-bathroom units. Huge 52% upside in rents to a 11.36 GRM and a 5.4% cap rate on market rents. Off-street tuck under parking for 4 cars. Not subject to city of LA soft story retrofit program. Excellent Vista Del Oro location, blocks away from multi-million dollar LA Waterfront Redevelopment, booming downtown San Pedro, Cabrillo Marina, Angel's Gate Park, and the beach. Quiet residential street in a dense, low-vacancy market.
Location
State CA
County Los Angeles
Area San Pedro (90731)
Zoning Public Rec
Building
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash, Conventional
Space Rent $1,500
Listing Terms Cash, Conventional
Read Less
Bought with Samir Rai • Keystone Realty Group