Don't miss this opportunity to bolster your investment portfolio with a prime 4-unit apartment building in this constantly growing seaside town. This property features two free-standing bungalows and separate duplex, currently bringing in close to a 5% cap rate in San Pedro's thriving real estate market. Strong current cash flow, an excellent appreciation potential, and value-add opportunities make this property a winning addition to your portfolio.
Unlimited investor potential... add coin-op laundry facility, possible ADU for additional revenue, & rental increases over time. No lapses in rent payment throughout Covid. Public transportation nearby. Total current rents of $5,947 monthly. Each unit has its own gas & electric meter. Owner currently pays water & gardener.
Just a few minute stroll from the Ports O’ Call Village Waterfront! The second phase of this Multi-Million dollar LA Waterfront revitalization project now under way. This will bring 42 acres of new restaurants, shopping, outdoor amphitheater, office space, entertainment and dog parks... perfect for future increased rental demand and value add.
2 - 2 bedroom, 1 bath units
1 - Studio, 1 bath freestanding bungalow
1 - Studio, 1 bath freestanding bungalow
Buyer to satisfy their own investigations for all current revitalization projects, details of LA City regulations, and RSO.
Sold for $1,050,000 on 12/14/23
Listing Provided by:
Kristofer Denton DRE #01956052 310-683-8253,
Bayside,
Stephanie Denton DRE #01956051 310-683-8227,
Bayside
Bought with: First Team Real Estate
$1,050,000
1715 S Cabrillo Ave, San Pedro, CA 90731
4beds
4baths
2,476sqft
Quadruplex
Built in 1921
-- sqft lot
$1,035,000 Zestimate®
$424/sqft
$2,542 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 14, 2023 at 04:17pm
Listing Provided by:
Kristofer Denton DRE #01956052 310-683-8253,
Bayside,
Stephanie Denton DRE #01956051 310-683-8227,
Bayside
Bought with:
Shaun Hurley, DRE #00870450
First Team Real Estate
Source: CRMLS,MLS#: SB23186883
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
- Laundry: None
Features
- Bedroom on Main Level, Main Level Primary
- Flooring: Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,476
- Total interior livable area: 2,476 sqft
Property
Parking
- Parking features: None, On Street
Features
- Entry location: Ground Floor
- Pool features: None
- Spa features: None
- Fencing: New Condition,Vinyl
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,502 sqft
- Features: Street Level, Zero Lot Line
Details
- Parcel number: 7462003030
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1921
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: San Pedro
HOA & financial
Other financial information
- Total actual rent: 71364
Other
Other facts
- Listing terms: Cash,Conventional
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Estimated market value
$1,035,000