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358 W 17th St 4 Unit Apartment Building Offered at $1,195,000 at a 3.10% Cap Rate San Pedro, CA 90731
Investment Highlights
- Only 2 blocks from the massive West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail & dining
- Only a few blocks from Cabrillo Marina and Cabrillo Beach
- Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
Executive Summary
Huge 4-unit property with tons of upside only 2 blocks from the enormous brand-new LA Waterfront development. 3 out of 4 units built in 1987 with over 4500 square feet of rentable space on a 6000 square foot lot plus 4 garages. Excellent unit mix with one 3 bed/2 bath front house (1947 built) plus three 2 bed/1 bath units (1987 built) in the rear. Very well priced at only $263/sq ft and 13.38X GRM on actual rents with a true 60% upside to a market GRM of 8.37 and cap rate of 7.2%. Separately metered for electricity and gas.
Financial Summary (Actual - 2025) 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 - 2025) 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 | $1,195,000 | Property Type | Multifamily |
| Price Per Unit | $298,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,547 SF |
| Cap Rate | 3.10% | No. Stories | 2 |
| Gross Rent Multiplier | 13.38 | Year Built | 1946 |
| No. Units | 4 | Parking Ratio | 0.88/1,000 SF |
| Zoning | LAR2 | ||
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| Cap Rate | 3.10% |
| Gross Rent Multiplier | 13.38 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 4,547 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | LAR2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,109 | - |
| 2+1 | 1 | $1,959 | - |
| 2+1 | 1 | $2,021 | - |
| 2+1 | 1 | $1,355 | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 7456-024-022 | Total Assessment | $1,184,678 |
| Land Assessment | $533,217 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $651,461 | Tax Year | 2025 |
Property Taxes
Parcel Number
7456-024-022
Land Assessment
$533,217
Improvements Assessment
$651,461
Total Assessment
$1,184,678
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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358 W 17th St
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