1715 S Cabrillo Avenue, San Pedro, CA 90731
Fourplex
Sold December 2023
Listing Agent: Kristofer Denton (DRE #01956052) · Listing Office: Bayside · Contact: 310-545-9595 · Bought with: Shaun Hurley · First Team Real Estate · MLS #SB23186883 · Source: CRMLS
About this fourplex
Don't miss this opportunity to bolster your investment portfolio with a prime 4-unit apartment building in this constantly growing seaside town. This property features two free-standing bungalows and separate duplex, currently bringing in close to a 5% cap rate in San Pedro's thriving real estate market. Strong current cash flow, an excellent appreciation potential, and value-add opportunities make this property a winning addition to your portfolio. Unlimited investor potential... add coin-op laundry facility, possible ADU for additional revenue, & rental increases over time. No lapses in rent payment throughout Covid. Public transportation nearby. Total current rents of $5,947 monthly. Each unit has its own gas & electric meter. Owner currently pays water & gardener. Just a few minute stroll from the Ports O’ Call Village Waterfront! The second phase of this Multi-Million dollar LA Waterfront revitalization project now under way. This will bring 42 acres of new restaurants, shopping, outdoor amphitheater, office space, entertainment and dog parks... perfect for future increased rental demand and value add. 2 - 2 bedroom, 1 bath units 1 - Studio, 1 bath freestanding bungalow 1 - Studio, 1 bath freestanding bungalow Buyer to satisfy their own investigations for all current revitalization projects, details of LA City regulations, and RSO.
Listing description from the December 2023 sale, as reported to CRMLS.
Sale history