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Excellent Cash flow Turnkey Investment Deal 918 S Cabrillo Ave 12 Unit Apartment Building $2,488,000 ($207,333/Unit) 5.87% Cap Rate San Pedro, CA 90731
Investment Highlights
- Extensive Capital Improvements - new roof, garage doors, main drain, rain gutters, exterior paint, renovated units
- Excellent unit mix of 1 and 2 Bedroom Units, plus a commercial tenant (occupying 4 spaces)
- Property is qualified for favorable multifamily loan - see attached Loan Quote
- Soft Story Retrofit has been completed; 7 Private Garages and Additional Parking
- Long tern commercial tenant exercised 5-year option through April 2030 with built-in annual rent increases.
- True Pride of Ownership property in a PRIME location
Executive Summary
turnkey investment property with high cashflow
Property Facts
| Price | $2,488,000 | Building Class | C |
| Price Per Unit | $207,333 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 7,598 SF |
| Cap Rate | 5.87% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.11 | 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 | Low-Rise | ||
| Zoning | C2, Los Angeles - Commercial | ||
| Price | $2,488,000 |
| Price Per Unit | $207,333 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Gross Rent Multiplier | 11.11 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| 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 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,361 | 1 |
| 1+1 | 6 | $1,700 | 1 |
| 2+1 | 2 | $1,420 | 1 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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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Excellent Cash flow Turnkey Investment Deal | 918 S Cabrillo Ave
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