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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
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | $1,387 | - |
| 2+1 | 1 | $1,747 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
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
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626 W 7th St
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