252 W 11th new

San Pedro,CA 90731

$ 995000

- Bed

- Bath

- SqFt


Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25232251

HOA Y/N No

Year Built 1914

Lot Size 6,756 Sqft

Property Sub-Type Apartment

Property Description

Super high yield 5 unit property for under $1M only 1 block from the huge brand new LA Waterfront development. Two large (3) bed, (2) bath units plus 3 studio units in rear in three structures total plus off street parking for 5 cars. Large front units just remodeled in 2025 and leased at market. Attractive income at an in place GRM of 9.8 and an actual cap rate of 6.2% plus a 15% upside to 8.5X GRM and 7.5% cap rate at market rents. Only $199K/door. Separately metered for electricity, gas, and trash for a low expense building.

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. 3 blocks from 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

Area 185 - Plaza

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Concrete

Pool None

Community Features Suburban

Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 5

Private Pool No

Building

Lot Description Rectangular Lot

Faces South

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7456003012

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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