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522 N Centre St
San Pedro, CA 90731
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 4 of 6 Units Renovated
- All Units Have Washer/Dryers
- Roof Replaced in 2019
- Estimated 25% Upside
Executive Summary
We are pleased to present 522 N Centre Street in San Pedro, CA, a six-unit multifamily property offering strong in-place income and clear value-add potential. The property features a balanced unit mix of three two-bedroom/one-bathroom units and three one-bedroom/one-bathroom units, with four of the six units recently renovated. Capital improvements include a new roof completed in 2019, and all units are equipped with in-unit washer and dryers, enhancing tenant appeal. With an estimated 25% rental upside, this asset presents an attractive opportunity for investors seeking both immediate cash flow and long-term growth in a desirable San Pedro submarket. For more information, please reach out.
Property Facts
| Price Per Unit | $213,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6% | Building Size | 5,000 SF |
| Gross Rent Multiplier | 10.1 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR2 - Residential Medium | ||
| Price Per Unit | $213,333 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10.1 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | LAR2 - Residential Medium |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,246 | 833 |
| 1+1 | 3 | $1,713 | 833 |
Property Taxes
| Parcel Number | 7449-004-001 | Improvements Assessment | $530,604 |
| Land Assessment | $578,358 | Total Assessment | $1,108,962 |
Property Taxes
Parcel Number
7449-004-001
Land Assessment
$578,358
Improvements Assessment
$530,604
Total Assessment
$1,108,962
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