626 W 7th, San Pedro, CA 90731
626 W 7th, San Pedro, CA 90731
626 W 7th, San Pedro, CA 90731
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$1,695,000
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5,000 Sqft Lot
Active

626 W 7th San Pedro, CA 90731

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26029816

HOA Y/N No

Year Built 1923

Lot Size 5,000 Sqft

Property Sub-Type Apartment

Property Description

High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential.

Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.

Location

State CA

County Los Angeles

Area 189 - Barton Hill

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry None

Exterior

Parking Features Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence None

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description Rectangular Lot

Faces South

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Mediterranean

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7451036019

Energy Description 3562.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard


CRMLS Full IDX Feed (MAIN Website Search)
Listed by Anthony Walker Buckingham Investments, Inc 310-561-4776, DRE #01908153

Nearby Locations

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OB Juncal

OB Juncal

Broker | License ID: 01484096

+1(760) 994-2404

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626 W 7th