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$ 1,200,000
Est. payment | /mo
9 Beds
4,502 Sqft Lot
$ 1,200,000
Est. payment | /mo
9 Beds
4,502 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SB25234250
Bedrooms 9
Lot Size 4,502 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Large 1989 construction non-rent controlled (RSO) triplex with all 3 bed, 2 bath units. Each unit has almost 1200 square feet, in unit laundry, modern layouts, and 3 separate 1 car garages. Two out of three units updated in the last 3 years. Very well priced at 11.96X GRM on actuals plus a 26% upside to a GRM of 9.3X and a 6.5% cap rate at market rents. 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. Close proximity to 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
Zoning Assessor
Direction West Side of S Palos Verdes St between 15th and 16th
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7456020014
Listed by Anthony Walker Buckingham Investments, Inc
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Michelle Oaker
REALTOR® | Lic# CA DRE | 01274690