752 W 4TH Street, San Pedro, CA 90731

About this property

ALMOST COMPLETED! TIME TO BUY: NEW CONSTRUCTION. NOT SUBJECT TO RENT CONTROL. Purchase Price: $2,989,000. (Projected ) Pro-Forma Monthly Gross Rent: $20,200. Pro-Forma Annual Gross Rent: $242,400. Vacancy & Operating Costs (20%): $48,480. Pro-Forma NOI: $155,170. CAP RATE 5.01%(@ $2,989,000 Purchase Price): GRM (@ $2,989,000 Purchase Price): 12.78* Great, Quiet neighborhood* Proximity to beaches* Easy access to 110 Freeway (direct artery to 405 Freeway)* Surrounded by affluent communities of Rancho Palos Verdes & Rolling Hills Estates * Proximity to the Port of Los Angeles & Port of Long Beach* Close to new Ports O'Call, undergoing $150 Million Renovation All Units Include:* 1 Tandem Garage Space (2 Spaces)* Individually metered for electric, gas, and water * individual tankless water heater* Central A/C and Heat* Washer & Dyer* Refrigerator* Dishwasher Investment Opportunity* Brand-New Construction* Multifamily Apartment Complex* All Units Can be delivered Vacant

Listing description from the December 2018 sale, as reported to CRMLS.

Sale history

$2,900,000

Sold December 2018 · listed $2,989,000, orig. $3,100,000, on market March 2018 · MLS #18324832 · Source: CRMLS

Listing Agent: Lacy Burke · Listing Office: Lacy Burke Broker · Contact: 310-666-9752 · Bought with: Lacy Burke · Lacy Burke Broker

$525,000

Sold February 2017 · listed $499,000, orig. $400,000, on market January 2017 · MLS #17195204 · Source: CRMLS

Listing Agent: Lacy Burke · Listing Office: Power Brokers International · Contact: 310-402-5593 · Bought with: Lacy Burke · Power Brokers International

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