UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26132952
HOA Y/N No
Year Built 1905
Lot Size 5,000 Sqft
Property Sub-Type Mixed Use
Property Description
The numbers: 5.50% cap rate in place today, with a pro-forma cap rate of 7.42% as below-market units turn over — a path fully supported by California's Costa-Hawkins vacancy decontrol provisions.
Location is what sets this property apart. It's minutes from Long Beach's booming Space & Defense corridor, and walking distance to the San Pedro waterfront revitalization, the LA Cruise Hub, and the new West Harbor development. Add the 2028 LA Olympics to the horizon, and this pocket of San Pedro is set up for years of sustained growth.
This is a rare opportunity to own five units in a location with this much momentum behind it — and now, at a new price. Bring your investment strategy; the fundamentals are already here
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Interior
Interior Features Unfurnished, All Bedrooms Up, All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Refrigerator
Laundry None
Exterior
Parking Features None
Garage Spaces 1.0
Garage Description 1.0
Fence Average Condition
Pool None
Community Features Urban
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Rolled/Hot Mop
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7454005010
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Fannie Mae
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Fannie Mae
Special Listing Condition Standard
Nearby Locations
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