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Listed by Olga Wright, DRE #01315042 • Lyon Stahl Investment Real Estate, Inc.
$ 2,327,000
Est. payment /mo
Price Dropped by $161K
918 S Cabrillo AVE San Pedro, CA 90731
8,354 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26022408
Year Built 1964
Lot Size 8,354 Sqft
Source California Regional MLS
Property Description
Beautiful Pride-of-Ownership Property in PRIME Location!!! Charming courtyard-style apartment complex consisting of 8 residential units-6 one-bedroom units and 2 two-bedroom units-along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases). **Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations. The property has 6 private garages, additional on-site parking, and common laundry facilities. **Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Laundry Community Facility
Exterior
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 7454009001
Special Listing Condition Not Applicable
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