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559 W 21st St
San Pedro, CA 90731
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Desirable San Pedro Location – Few Blocks from Cabrillo Marina & Pacific Ocean | 1978 Construction | No Local Rent Control – Defaults to AB 1482
- Each Unit Contains Washer/Dryer Hook-Ups | Total of 8 Parking Spaces | Some Units Contain Private Balconies
- 4.63% Current Cap Rate & 13.63 Current GRM | 6.25% Pro-Forma Cap Rate & 11.10 Pro-Forma GRM | Qualifies for Residential Financing
- Outstanding Unit Mix of (1) 3-Bed/2-Bath, (2) 2-Bed/1-Baths & (1) 1-Bed/1-Bath | Residential Asset – Presents Desirable Owner-User Opportunity
- Located Near L.A. Waterfront, San Pedro Plaza Park and Upcoming West Harbor Development, San Pedro Promenade & Future Site of Waterfront Amphitheater
- Close Proximity to World Cruise Center, Battleship USS Iowa Museum, the Los Angeles Maritime Museum & the Port of San Pedro & Port of Long Beach
Property Facts
| No. Units | 4 | Building Size | 5,908 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | B | Parking Ratio | 1.84/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 5,908 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,425 | - |
| 2+1 | 2 | $2,061 | - |
| 1+1 | 1 | $1,554 | - |
Property Taxes
| Parcel Number | 7462-030-003 | Improvements Assessment | $454,654 |
| Land Assessment | $936,360 | Total Assessment | $1,391,014 |
Property Taxes
Parcel Number
7462-030-003
Land Assessment
$936,360
Improvements Assessment
$454,654
Total Assessment
$1,391,014
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