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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$2,327,000
Est. payment /mo
7,598 SqFt
Active Under Contract
918 South Cabrillo Avenue San Pedro, CA 90731
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,598 sqft
Price per Sqft $306
MLS Listing ID SB-26022408
Year Built 1964
Lot Size 8,354 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Beautiful Pride-of-Ownership Property in PRIME Location!!!
Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases).
**Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations.
The property has 6 private garages, additional on-site parking, and common laundry facilities.
**Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE
Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases).
**Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations.
The property has 6 private garages, additional on-site parking, and common laundry facilities.
**Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Laundry Community
Exterior
Garage Spaces 7.0
Pool None
Community Features Biking, Curbs, Sidewalks
Building
Lot Description Corner Lot, Park Nearby, Walkstreet
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
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