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918 S Cabrillo Ave 12 Unit Apartment Building $2,497,000 ($208,083/Unit) 5.55% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- Pride of Ownership Courtyard-Style Apartment Complex in PRIME Location
- Excellent unit mix of 1 and 2 Bedroom Units plus a commercial unit (4 spaces); Long tern commercial tenant exercised 5- year option through April 2030
- Extensive Capital Improvements including new roof, garage doors, main drain, rain gutters, exterior paint, renovated units, etc.
- Property is qualified for a favorable multifamily loan
EXECUTIVE SUMMARY
Pride-of-Ownership Property in PRIME Location with excellent current income! Charming courtyard-style apartment complex with 6 spacious one-bedroom units, 2 two-bedroom units, and a long-term commercial tenant occupying 4 spaces facing 9th Street (lease secured through April 2030)... Extensively upgraded with a new roof, main drain, garage doors, exterior paint, and renovated units. Soft-story retrofit completed. Includes 7 private garages, additional on-site parking, and extra income from laundry and garage rentals. Offered at an attractive 11.5 GRM and 5.5% Cap Rate on current income, with significant rental upside.*** Qualifies for favorable multifamily financing — a turnkey investment opportunity!
PROPERTY FACTS
| Price | $2,497,000 | Building Class | C |
| Price Per Unit | $208,083 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 7,598 SF |
| Cap Rate | 5.55% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.5 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 0.92/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | C2, Los Angeles - Commercial | ||
| Price | $2,497,000 |
| Price Per Unit | $208,083 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,598 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2, Los Angeles - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,644 | 1 |
| 2+1 | 2 | $1,345 | 1 |
| Studios | 4 | $5,313 | 1 |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 7454-009-001 | Improvements Assessment | $1,305,155 |
| Land Assessment | $870,102 | Total Assessment | $2,175,257 |
PROPERTY TAXES
Parcel Number
7454-009-001
Land Assessment
$870,102
Improvements Assessment
$1,305,155
Total Assessment
$2,175,257
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918 S Cabrillo Ave
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