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663 W 2nd St 3 Unit Apartment Building $1,400,000 ($466,667/Unit) 3.85% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- 1983 Construction- Not subject to LA Rent Stabilization Ordinance
- Secured parking with 8 covered spaces.
- Upside in rents
- Easy Access to Ports O‘ Call, Downtown San Pedro, and the 110 Freeway
- Large storage room with laundry hookups
EXECUTIVE SUMMARY
Built in 1983, this pride-of-ownership 4-unit property offers investors and owner-occupants alike a rare combination of modern construction, strong income potential, and long-term upside. Because it was built after 1978, the property is not subject to the Los Angeles Rent Stabilization Ordinance, providing valuable flexibility in future rent growth. Each spacious unit features vaulted ceilings that fill the interiors with natural light, creating a desirable living environment for tenants. The building also includes 8 covered parking spaces on the first floor—a highly attractive amenity for residents. In addition, a large storage area presents a unique opportunity for a new owner to get creative and generate additional revenue.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 In Escrow
| Price | $1,400,000 | Building Class | B |
| Price Per Unit | $466,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,302 SF |
| Cap Rate | 3.85% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.35 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 2.42/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR2 - Two-Family Dwellings | ||
| Price | $1,400,000 |
| Price Per Unit | $466,667 |
| Sale Type | Investment |
| Cap Rate | 3.85% |
| Gross Rent Multiplier | 12.35 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,302 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.42/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR2 - Two-Family Dwellings |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,808 | - |
| 2+1 | 1 | $2,569 | - |
| 2+1 | 1 | $2,070 | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 7451-016-006 | Total Assessment | $1,227,066 (2025) |
| Land Assessment | $780,861 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $446,205 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7451-016-006
Land Assessment
$780,861 (2025)
Improvements Assessment
$446,205 (2025)
Total Assessment
$1,227,066 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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663 W 2nd St
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