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$1,200,000

Est. payment - /mo

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9 Beds

4,502 Sqft Lot

Price Dropped by $50K

1509 S Palos Verdes Street San Pedro, CA 90731

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Richard Combs

[email protected] +1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

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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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

1509 S Palos Verdes Street San Pedro, CA 90731

Richard Combs

Key Details

Location

Interior

Exterior

Building

Others

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1509 S Palos Verdes Street