• DESCRIPTION

    A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White Drive, this property hits all the marks - great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This building has been retrofitted to meet city standards. With a gross rent multiplier of 14.2x gross and a 4.5% cap rate, you are getting an incredible value. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O Call Village.

    KEY DETAILS
    • Price:
    • $2,695,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 0.25
    • Year Built:
    • 1958
    • MLS #:
    • PV20057994
    • Street Address:
    • 3647 Stephen M White Dr
    • City:
    • San Pedro
    • State:
    • CA
    • Postal Code:
    • 90731
    • County:
    • Los Angeles
    • Area:
    • Point Fermin
    • Listing Status:
    • For Sale - Active Under Contract

    Building

    • Number Of Floors In Unit:
    • Two
    • Number Of Units:
    • 8
    • Total # Of Buildings:
    • 1
    • Year Built:
    • 1958
    • Year Built Source:
    • Assessor

    Business

    • Net Operating Income:
    • 120674.00
    • Operating Expense:
    • 68902.00

    Land

    • Approximate Lot Size Range Source:
    • Assessor
    • Lot Features:
    • 6-10 Units/Acre
    • Lot Square Footage:
    • 10721.00

    Listing

    • Community Features:
    • Curbs, Sidewalks
    • Days On Market:
    • 74
    • Previous Listing Price:
    • 2995000.00

    Money

    • Price Per Square Foot:
    • 357.05

    Rooms

    • Laundry:
    • 1
    • Laundry Description:
    • Common Area

    Structures

    • Garage Parking Spaces:
    • 5.00
    • Parking Spaces:
    • 9.00
    • Pool:
    • 1
    • Pool Description:
    • Private, In Ground
    • Uncovered Parking Spaces:
    • 4.00

    Systems

    • Existing Water:
    • Public
    • Sewage Type:
    • Public Sewer

    Source

    • Listing Provided By Nicole Pletkovich of Keller Williams Realty

      CRMLS
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    SCHOOL RATINGS

    No school information available.

    NOTES

    No notes have been added for this home.

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