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3922 S Pacific Ave
San Pedro, CA 90731
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Stunning Ocean Views
- Well Maintained Units
- Located near restaurants, shopping and entertain at West Harbor Port of LA
- Charming Coastal Neighborhood
- Well Utilized Floorplans
Executive Summary
The Pacific Apartments is located in one of Southern California’s most charming coastal neighborhoods. The property features breathtaking ocean views and is walking distance to the coast. The building includes 8 units, consisting of two 2 bedroom 1 bath units and six 1 bedroom 1 bath units. The units include an open floorplan and various upgrades throughout. The property is conveniently located near local dining, shops and just a short drive from the beautiful Terranea resort in Rancho Palos Verdes. This pocket of San Pedro is both quaint and cozy, being so close to the water and adjacent to Cabrillo Beach. Just nearby is also the new and improved West Harbor Port of Los Angeles, featuring an amusement park, restaurants, the West Harbor amphitheater and much much more. This is a unique opportunity to invest in a premier coastal location with strong rental demand and long-term upside potential.
Property Facts
| Price Per Unit | $374,375 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.25% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 18.47 | Building Size | 4,404 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | ||
| Zoning | RD2 | ||
| Price Per Unit | $374,375 |
| Sale Type | Investment |
| Cap Rate | 3.25% |
| Gross Rent Multiplier | 18.47 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,404 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | RD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,437 | 500 - 1,000 |
| 2+1 | 1 | $2,004 | 500 - 1,000 |
| 1+1 | 1 | $1,795 | 500 - 1,000 |
| 1+1 | 1 | $1,695 | 500 - 1,000 |
| 1+1 | 1 | $1,214 | 500 - 1,000 |
| 1+1 | 1 | $1,895 | 500 - 1,000 |
| 1+1 | 1 | $1,650 | 500 - 1,000 |
| 1+1 | 1 | $1,695 | 500 - 1,000 |
Property Taxes
| Parcel Number | 7467-023-012 | Improvements Assessment | $737,866 |
| Land Assessment | $321,151 | Total Assessment | $1,059,017 |
Property Taxes
Parcel Number
7467-023-012
Land Assessment
$321,151
Improvements Assessment
$737,866
Total Assessment
$1,059,017
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