1715 S Cabrillo Avenue
San Pedro, CA 90731
- – beds
- – baths
- – sqft
- 4,502 sqft lot
- 1921 build
- – on site
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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.
Listed By CRMLS_CA / Kristofer Denton / Bayside
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Last updated Dec 15, 2023
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MLS# SB23186883 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/11/23
Oct 11, 2023
|
Listed / Active | BRIDGE | ||
10/9/23
Oct 9, 2023
|
Listed / Active | CRMLS_CA | $1,099,000 |