2161 W 25th Street, San Pedro, CA 90732

About this property

A true once in a lifetime opportunity to purchase in the most exclusive submarket of San Pedro. The Dolphin Cove is a well maintained, 36 units located overlooking the Pacific Ocean, steps from Palos Verdes Golf Course. There are over 50% 2bed 2bath units with mostly ocean views. The Dolphin Cove is well amenitized with ample parking, balconies, onsite laundry, pool, BBQ & a cabana for tenants' enjoyment. It is priced to sell at only $333 per foot, and 5.34% cap rate current - 7.5% cap rate pro forma (9.7 GRM). Additionally, there is the opportunity to add another 11 ADU units onsite - no soft story retrofit required (buyer to verify/ask agent for details). This is an incredible day-one investment with incredible value added opportunity in an irreplaceable location.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$11,045,000

Sold February 2023 · listed $11,000,000, on market December 2022 · MLS #PW22252148 · Source: CRMLS

Listing Agent: Shane Young · Listing Office: Younglewin Advisors, Inc. · Contact: 562-556-1118 · Bought with: Shane Young · Younglewin Advisors, Inc.

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