Log In/Sign Up
Your email has been sent.
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)
Property Taxes
| Parcel Number | 7458-010-027 | Total Assessment | $2,107,451 (2025) |
| Land Assessment | $1,203,008 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $904,443 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
7458-010-027
Land Assessment
$1,203,008 (2025)
Improvements Assessment
$904,443 (2025)
Total Assessment
$2,107,451 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1129-1135 W 10th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.