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663 W 5th St 6 Unit Apartment Building $1,395,000 ($232,500/Unit) 5.70% Cap Rate San Pedro, CA 90731
Executive Summary
RE/MAX One Commercial is pleased to present a turnkey 6-unit
multifamily investment opportunity located in the heart of San
Pedro. Built in 1990, the property is exempt from Los Angeles City
Rent Control (RSO), positioning the asset for long-term income
growth in a market supported by strong rental demand.
The property has been extensively renovated with a new roof,
electrical systems, copper plumbing, water heater, and upgraded
laundry facilities. Interior improvements include remodeled kitchens
and bathrooms, hardwood flooring, recessed lighting, fresh paint, and
updated fixtures, creating a true turnkey investment with minimal
deferred maintenance. 5/6 of the units have been fully renovated.
Located in a highly walkable San Pedro neighborhood, the property
features secured gated entry and parking and is just minutes from the
$200 million West Harbor redevelopment. With convenient access to
the I-110 Freeway, the asset is well positioned to benefit from the
area's continued growth and revitalization.
Property Details:
• 6 Units: (1) 2 Bed / 2 Bath, (1) 2 Bed / 1 Bath, (4) Studios
• Built in 1990 (Not Subject to LA City Rent Control)
• 4,057 SF Building
• 5,000 SF LAR3 Lot
• 7 Gated On-Site Parking Spaces
Recent Upgrades:
• New Roof
• New Electrical System
• New Copper Plumbing
• New Water Heater
• Fresh Interior and Exterior Paint
• Secured Gated Entry and Parking
• On-Site Laundry Room with Brand-New Machines
• 5/6 Units Remodeled with Hardwood Floors, Updated Kitchens, New Bathtubs and Vanities, and Recessed Lighting
multifamily investment opportunity located in the heart of San
Pedro. Built in 1990, the property is exempt from Los Angeles City
Rent Control (RSO), positioning the asset for long-term income
growth in a market supported by strong rental demand.
The property has been extensively renovated with a new roof,
electrical systems, copper plumbing, water heater, and upgraded
laundry facilities. Interior improvements include remodeled kitchens
and bathrooms, hardwood flooring, recessed lighting, fresh paint, and
updated fixtures, creating a true turnkey investment with minimal
deferred maintenance. 5/6 of the units have been fully renovated.
Located in a highly walkable San Pedro neighborhood, the property
features secured gated entry and parking and is just minutes from the
$200 million West Harbor redevelopment. With convenient access to
the I-110 Freeway, the asset is well positioned to benefit from the
area's continued growth and revitalization.
Property Details:
• 6 Units: (1) 2 Bed / 2 Bath, (1) 2 Bed / 1 Bath, (4) Studios
• Built in 1990 (Not Subject to LA City Rent Control)
• 4,057 SF Building
• 5,000 SF LAR3 Lot
• 7 Gated On-Site Parking Spaces
Recent Upgrades:
• New Roof
• New Electrical System
• New Copper Plumbing
• New Water Heater
• Fresh Interior and Exterior Paint
• Secured Gated Entry and Parking
• On-Site Laundry Room with Brand-New Machines
• 5/6 Units Remodeled with Hardwood Floors, Updated Kitchens, New Bathtubs and Vanities, and Recessed Lighting
Property Facts
| Price | $1,395,000 | Property Subtype | Apartment |
| Price Per Unit | $232,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.70% | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,057 SF |
| Gross Rent Multiplier | 11.82 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1990 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,395,000 |
| Price Per Unit | $232,500 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.82 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,057 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 677 |
| 2+1 | 1 | - | 677 |
| 2+2 | 1 | - | 677 |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7451-029-003 | Improvements Assessment | $454,229 |
| Land Assessment | $520,741 | Total Assessment | $974,970 |
Property Taxes
Parcel Number
7451-029-003
Land Assessment
$520,741
Improvements Assessment
$454,229
Total Assessment
$974,970
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