Bought with Janet D-Martinez
$980,000
$995,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
6,757 Sqft Lot
SOLD DATE : 12/18/2025
Key Details
Sold Price $980,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB25232251
Sold Date 12/18/25
Year Built 1914
Lot Size 6,757 Sqft
Source California Regional MLS
Property Description
Super high yield 5 unit property for under $1M only 1 block from the huge brand new LA Waterfront development. Two large (3) bed, (2) bath units plus 3 studio units in rear in three structures total plus off street parking for 5 cars. Large front units just remodeled in 2025 and leased at market. Attractive income at an in place GRM of 9.8 and an actual cap rate of 6.2% plus a 15% upside to 8.5X GRM and 7.5% cap rate at market rents. Only $199K/door. Separately metered for electricity, gas, and trash for a low expense building. Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. 3 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Location
State CA
County Los Angeles
Area 185 - Plaza
Interior
Cooling None
Laundry None
Exterior
Parking Features Other
Garage Spaces 5.0
Pool 31, None
View None
Roof Type Composition
Building
Water District - Public
Others
Tax ID 7456003012
Special Listing Condition Not Applicable
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