629 W 8th Street, San Pedro, CA 90731

$978,000
List Price
$978,000
Status
ACTIVE UNDER CONTRACT
MLS#
SB17084266
Year Built
1905
Lot Size
5,001
Lot Location
Lot Shape-Rectangular
Days on Market
65
Property Type
Multifamily
Stories
Two Level

Property Description

Rare opportunity for investors to purchase a well-maintained apartment complex at 5.59% Cap Rate on existing income. In addition, there are currently vacant garage and 3 storages that can be rented for additional income. It is a charming two-story walk-up apartment complex consisting of 5 one-bedroom units. The property consists of in two separate buildings on one lot. Four out of five units have been completely renovated with granite counter tops, new cabinets, new tankless water heaters and laminate wood flooring throughout. The property is separately metered for gas and electric and is easy to maintain. It is located in one of the strongest rental areas of San Pedro and boasts growing demand from tenants. Centrally located between Downtown, Ports O' Call Village and San Pedro Marina, the asset is poised to take advantage of the continued revitalization of Downtown and Waterfront Enhancement Project and offers easy access to shops, dining, entertainment and transportation.

Additional Information

Tract Number
4
Lot Description
Curbs, Urban
Pool Description
None
Water
Public
Attached Structure
Detached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.

Listing courtesy of Re/Max Commercial & Investment.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.