629 W 8th Street, San Pedro, CA 90731

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

Property Description

Rare opportunity for investors to purchase a well-maintained apartment building at 5.59% Cap Rate on existing income. In addition, there are currently vacant garage and storage that can be rented for additional income. This excellent investment opportunity is a charming two-story walk-up apartment building consisting of 5 One-Bedroom units. The building has undergone recent upgrades and four out of five units have been completely renovated with granite counter tops, new cabinets, and laminate wood flooring throughout. The property is separately metered for gas and electric and is easy to maintain. 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. It offers easy access to shops, dining, entertainment and transportation.

Additional Information

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

Mortgage Calculator

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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.