This property is Off-Market
Sea Grape Dr.
San Pedro, BZ 55555 ·
15 Units · Multifamily For Sale
|No. Units||15||Property Use Type||Investment|
|Building Size||800 SF||Cap Rate||10%|
|Listing ID: 17577214||Date Created: 03/18/2012||Last Updated: 03/30/2013|
The 3 story structure consists of 12 small one bedroom units, 2 large one bedroom units and a two bedroom two bath penthouse on the 3rd floor. There is a separate 2 story bodega used for storage on the property. Not much extra land space as the building footprint occupies about 85% of the area. All the units are rentable however, they are in various stages of being refurbished as the owner is making a transition to a hostel facility to increase the cash flow.
The property was originally constructed to house medical students until the school closed several years ago.
Located about a mile south of downtown San Pedro. Just across the street from Xanadu Resort, one block from the Beach.
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