1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
1715 S Cabrillo Avenue
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$1,050,000

1715 S Cabrillo Avenue

2,476 Sq.Ft.

Description

Don't miss this opportunity to bolster your investment portfolio with a prime 4-unit apartment building in this constantly growing seaside town. This property features two free-standing bungalows and separate duplex, currently bringing in close to a 5% cap rate in San Pedro's thriving real estate market. Strong current cash flow, an excellent appreciation potential, and value-add opportunities make this property a winning addition to your portfolio.
Unlimited investor potential... add coin-op laundry facility, possible ADU for additional revenue, & rental increases over time. No lapses in rent payment throughout Covid. Public transportation nearby. Total current rents of $5,947 monthly. Each unit has its own gas & electric meter. Owner currently pays water & gardener.

Just a few minute stroll from the Ports O' Call Village Waterfront! The second phase of this Multi-Million dollar LA Waterfront revitalization project now under way. This will bring 42 acres of new restaurants, shopping, outdoor amphitheater, office space, entertainment and dog parks... perfect for future increased rental demand and value add.

2 - 2 bedroom, 1 bath units
1 - Studio, 1 bath freestanding bungalow
1 - Studio, 1 bath freestanding bungalow

Buyer to satisfy their own investigations for all current revitalization projects, details of LA City regulations, and RSO.

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Location

1715 S Cabrillo Avenue, San Pedro, CA 90731

Status

Sold

San Pedro

Property Amenities

Interior
Laundry room None
Fireplace None
Appliances Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
Flooring Laminate, Tile
Other Interior Features Bedroom on Main Level, Main Level Primary
Area & Lot
Lot Area 4,504.104 Sq.Ft.
Living area 2,476 Sq.Ft.
MLS® ID SB23186883
Year Built 1921
View Description Neighborhood
Type Multi-Family
Status Sold
Exterior
Stories 2
Pool None
Air conditioning None
Heat type Wall Furnace
Water Source Public
Sewer Public Sewer
Parking None, On Street
Lot Features Street Level, Zero Lot Line
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Finance
Sales Price $1,050,000

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