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8 units with a 5% I/O Private, Assumable Loan 1352 W 10th St 8 Unit Apartment Building $1,849,000 ($231,125/Unit) 5.53% Cap Rate San Pedro, CA 90732
Investment Highlights
- Lock in a loan of $1,360,000 at a below market rate of 5% I/O.
- Two units delivered vacant, so immediate rent upside is actionable.
- The building sits in one of San Pedro's best neighborhoods, Weymouth Corners. A pastoral, neighborhood with predominantly single family homes.
- Cool ocean breezes and access to beaches, parks, Palos Verdes and one of LA's largest employers - The Port of Los Angeles.
- Build-quality from a bygone: hardwood, arched doorways, vintage tile, clawfoot iron tubs etc.
Executive Summary
Classic Spanish in one of LA's oldest and tried-and-true rental markets. Beautiful ocean breezes and access to beaches, parks, Palos Verdes and one of LA's largest employers - The Port of Los Angeles. The building sits in one of San Pedro's best neighborhoods, Weymouth Corners. A pastoral, neighborhood with predominantly single family homes. This investment is perfect for a 1st Timer or investor who might want an easy addition to the portfolio. Excellent assumable loan of $1,365,000 at 5% I/O (1 year left+/-). Assume this while interest rates compress, then get a longer-term bank loan.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$178,980
|
$30.13
|
| Other Income |
$3,120
|
$0.53
|
| Vacancy Loss |
$5,369
|
$0.90
|
| Effective Gross Income |
$176,731
|
$29.75
|
| Taxes |
$22,570
|
$3.80
|
| Operating Expenses |
$51,884
|
$8.73
|
| Total Expenses |
$74,454
|
$12.53
|
| Net Operating Income |
$102,277
|
$17.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $178,980 |
| Annual Per SF | $30.13 |
| Other Income | |
|---|---|
| Annual | $3,120 |
| Annual Per SF | $0.53 |
| Vacancy Loss | |
|---|---|
| Annual | $5,369 |
| Annual Per SF | $0.90 |
| Effective Gross Income | |
|---|---|
| Annual | $176,731 |
| Annual Per SF | $29.75 |
| Taxes | |
|---|---|
| Annual | $22,570 |
| Annual Per SF | $3.80 |
| Operating Expenses | |
|---|---|
| Annual | $51,884 |
| Annual Per SF | $8.73 |
| Total Expenses | |
|---|---|
| Annual | $74,454 |
| Annual Per SF | $12.53 |
| Net Operating Income | |
|---|---|
| Annual | $102,277 |
| Annual Per SF | $17.22 |
Property Facts
| Price | $1,849,000 | Property Subtype | Apartment |
| Price Per Unit | $231,125 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.53% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 10.15 | Building Size | 5,940 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Price | $1,849,000 |
| Price Per Unit | $231,125 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 10.15 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,940 SF |
| No. Stories | 2 |
| Year Built | 1930 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 1,004 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7459-018-008 | Total Assessment | $1,930,282 |
| Land Assessment | $1,093,645 | Annual Taxes | $22,570 ($3.80/SF) |
| Improvements Assessment | $836,637 | Tax Year | 2025 |
Property Taxes
Parcel Number
7459-018-008
Land Assessment
$1,093,645
Improvements Assessment
$836,637
Total Assessment
$1,930,282
Annual Taxes
$22,570 ($3.80/SF)
Tax Year
2025
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8 units with a 5% I/O Private, Assumable Loan | 1352 W 10th St
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