Waterfront
Address
629 W 8th Street San Pedro, CA
Price
$ 1,100,000
Property Attributes
  • MLS#SB20171932
  • TypeIncome
  • CountyLOS ANGELES
  • CitySan Pedro
  • AreaBarton Hill
  • Zip90731
  • Style
  • Price$ 1,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3716
  • Lot Size5,001 SqFt
Listing Provided Courtesy Of:
Stephen Lampe with Re/Max Commercial & Investment.
Property Description

Opportunity for investors to purchase a well-maintained apartment complex at 4.85% Cap Rate on existing income. In addition, there is currently a vacant garage and 3 storage areas that can be rented for additional income. It is a charming two-story walk-up apartment complex consisting of 5 one-bedroom units. The property consists of in two separate buildings on one lot. Four out of five units have been completely renovated with granite counter tops, new cabinets, new tankless water heaters and laminate wood flooring throughout. The property is separately metered for gas and electric and is easy to maintain. It is located in one of the strongest rental areas of San Pedro and boasts growing demand from tenants. Centrally located between Downtown, Ports O' Call Village and San Pedro Marina, the asset is poised to take advantage of the continued revitalization of Downtown and Waterfront Enhancement Project and offers easy access to shops, dining, entertainment and transportation.

Price History
8/21/2020 Listed $1,100,000

General Features

Attached Structure Attached
Community Features Curbs
Directions 8th Street just east of Gaffey
Garage Spaces 1.00
Levels Two
Listagentaor South Bay
Listing Agent Stephen Lampe - BRE#01164364
Listing Agent State License 01164364
MLS Area 189 - Barton Hill
Parking Features None
Pool Features None
Price Per Square Foot 296.02
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Total Units 5
View None
Zoning LAC2

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Fireplace Features None
Laundry Features None
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 3716.00
Lot Features Rectangular Lot, Level
Lot Size Acres 0.1148
Lot Size Area 5001.0000
Lot Size Source Assessor
Lot Size Square Feet 5001.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Road Frontage Type Alley, City Street
Road Surface Type Alley Paved, Maintained
Total Parking 1.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90731

Price
AVG $1.23M
$1.1M
Visits
AVG 50
88
Year Built
AVG 1933
1905

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover