Log In/Sign Up
Your email has been sent.
663 W 5th St 6 Unit Apartment Building $1,475,000 ($245,833/Unit) 5.39% 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 HIGHLIGHTS:
• 6 Units: (1) 2+2, (1) 1+1, (4) Studio's
• GRM: 12.49
• CAP Rate: 5.39%
• Price/Unit: $245,833
• Price/SF: $363.57
• Zoning: LAR3
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 HIGHLIGHTS:
• 6 Units: (1) 2+2, (1) 1+1, (4) Studio's
• GRM: 12.49
• CAP Rate: 5.39%
• Price/Unit: $245,833
• Price/SF: $363.57
• Zoning: LAR3
Property Facts
| Price | $1,475,000 | Property Subtype | Apartment |
| Price Per Unit | $245,833 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.39% | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,057 SF |
| Gross Rent Multiplier | 12.49 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1990 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,475,000 |
| Price Per Unit | $245,833 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.49 |
| 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 |
1 1
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
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
663 W 5th 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.