16
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$2,488,000
Est. payment /mo
8,354 Sqft Lot
Active
918 S Cabrillo AVE San Pedro, CA 90731
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26022408
HOA Y/N No
Year Built 1964
Lot Size 8,354 Sqft
Property Sub-Type Mixed Use
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
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
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Biking, Curbs, Sidewalks, Park
Total Parking Spaces 7
Private Pool No
Building
Lot Description Corner Lot, Near Park, Walkstreet
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7454009001
Energy Description 2082.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc. 310-801-7373, DRE #01315042
Nearby Locations
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