252 W 11th Street, San Pedro, CA 90731

About this property

Excellent 5-unit investment opportunity located steps away from the new $600M Waterfront Redevelopment in San Pedro. Attractive Unit Mix consisting of two 3-bed 2-bath units and three bungalow-style studio units. Strong current income with substantial upside. Current 12.7 GRM and 5.4% Cap Rate makes it a solid investment from day one. Market 10.1 GRM and 7.2% Cap Rate. Separately metered and tenants paying for electricity, gas and trash, property has very low expenses. Low maintenance expenses de to numerous upgrades and improvements completed on property within the last two years. Five on-site parking spaces with a potential to add more.

Listing description from the August 2020 sale, as reported to CRMLS.

Sale history

$970,000

Sold August 2020 · listed $1,025,000, on market May 2020 · MLS #SB20090360 · Source: CRMLS

Listing Agent: Olga Wright · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Olga Wright · Lyon Stahl Investment Real Estate, Inc.

$565,000

Sold January 2018 · listed $725,000, on market August 2017 · MLS #PW17192591 · Source: CRMLS

Listing Agent: Michael Barber · Listing Office: Main Street Realtors · Contact: 562-438-0910 · Bought with: Michael Barber · Main Street Realtors

$675,000

Sold July 2016 · listed $695,000, orig. $720,000, on market August 2015 · MLS #SB15177240 · Source: CRMLS

Listing Agent: Judy Ragland · Listing Office: Keller Williams Realty · Contact: 310-375-3511 · Bought with: Judy Ragland · Keller Williams Realty

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