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362 W 11th St 2 Unit Apartment Building $798,000 ($399,000/Unit) San Pedro, CA 90731

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INVESTMENT HIGHLIGHTS

  • Separate Meters for Gas and Electric
  • Units have Basements
  • Alley Access with 1 Garage Parking

EXECUTIVE SUMMARY

Located near Downtown San Pedro and the major Waterfront project, this 2 Unit residential property features 2 detached units. Units are 2 bed/ 1 bath and 1 bed + bonus room/1 bath that has been remodeled and recently rented. The rear unit has a 1 car garage parking and a front yard. Each unit has its own washer/dryer hookups, water heaters with separate gas and electric meters. Front unit is Month to Month. Front Unit is approx 1,176 SF and the Rear unit is approx 756 SF. The property is located near the Historic Downtown San Pedro District. There are many retail, dining and bar options. There is a Trolly that runs from Cabrillo Marina/Beach to the LA Waterfront. Also, a new West Harbor Waterfront development project with approx. 375,000 SF of retail, dining, and entertainment. To be completed by 2025.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $45,996 $23.81
Other Income - -
Vacancy Loss - -
Effective Gross Income $45,996 $23.81
Taxes - -
Operating Expenses - -
Total Expenses $12,887 $6.67
Net Operating Income $33,109 $17.14

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $45,996
Annual Per SF $23.81
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $45,996
Annual Per SF $23.81
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $12,887
Annual Per SF $6.67
Net Operating Income
Annual $33,109
Annual Per SF $17.14

PROPERTY FACTS

Price $798,000
Price Per Unit $399,000
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 1,932 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1929/2024
Zoning R2 - Two-Family Dwellings

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 1 $1,658 1,176
1+1 1 $2,175 756
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34730870

  • Date on Market: 2/5/2025

  • Last Updated:

  • Address: 362 W 11th St, San Pedro, CA 90731

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