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1129-1135 W 10th St 8 Unit Apartment Building $2,195,000 ($274,375/Unit) 5% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- Beautiful Vista Del Oro location only a few blocks from Palos Verdes in a tranquil residential area.
- Only 3 blocks from Providence Little Company of Mary San Pedro Hospital
- Attractive curb appeal with street and alley access.
- Easy access to Downtown San Pedro and the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 squa
EXECUTIVE SUMMARY
Huge 8 unit campus property in one of the best parts of San Pedro at only 11.5X GRM plus a 25% upside. Great unit mix with four 2 bed units, two 1 bed units, one 3 bed, 3 bath unit, and one studio. Almost 7000 square feet of rentable space situated on over 8200 square feet of land. Large duplex structure built in 1923 plus 6 units built in 1962. 5 out of 8 units nicely remodeled from 2021 to present. 3 enclosed garages, 4 tuck under parking spaces, and 1 surface parking space for a 1:1 parking ratio. Soft story retrofit completed in 2020. Well priced on income at 11.5X GRM on actuals plus a 25% upside to 9.3X GRM and a market cap rate of 7%.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,195,000 | Property Subtype | Apartment |
| Price Per Unit | $274,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5% | Building Size | 6,910 SF |
| Gross Rent Multiplier | 11.56 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1923 |
| Property Type | Multifamily | Parking Ratio | 1.45/1,000 SF |
| Zoning | LARD2 - R-2 | ||
| Price | $2,195,000 |
| Price Per Unit | $274,375 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 11.56 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,910 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | LARD2 - R-2 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 850 |
1 1
Walk Score®
Very Walkable (71)
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1129-1135 W 10th St
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