Log In/Sign Up
Your email has been sent.
626 W 7th St 10 Unit Apartment Building $1,695,000 ($169,500/Unit) 6% Cap Rate San Pedro, CA 90731
Investment Highlights
- Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
- Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA
- Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development
- Walk Score 93/100
Executive Summary
High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6% plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential.
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 | $1,695,000 | Building Class | C |
| Price Per Unit | $169,500 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,616 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.53 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1923 |
| Property Type | Multifamily | Parking Ratio | 0.71/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C2-1, LA County | ||
| Price | $1,695,000 |
| Price Per Unit | $169,500 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 8.53 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.71/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2-1, LA County |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | $1,387 | - |
| 2+1 | 1 | $1,747 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 7451-036-019 | Total Assessment | $1,976,760 |
| Land Assessment | $790,704 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,186,056 | Tax Year | 2025 |
Property Taxes
Parcel Number
7451-036-019
Land Assessment
$790,704
Improvements Assessment
$1,186,056
Total Assessment
$1,976,760
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
626 W 7th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.