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301 S Cabrillo Avenue

San Pedro, CA 90731
  • $2,200,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: SB24023071
$2,200,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan orindividually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and isperfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWPbill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garagespresent a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey withinproximity to various amenities and attractions and a short distance to the 110 Fwy.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T00:30:33.41. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147170277
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301 S Cabrillo Avenue San Pedro, CA 90731

  • Price: $2,200,000
  • Status: Active
  • On Site: 21 Days
  • ID#: SB24023071
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1922
Built
Neighborhood:
187 - Holy Trinity
County:
Los Angeles
Area:
187 - Holy Trinity
Property Description
301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan orindividually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and isperfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWPbill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garagespresent a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey withinproximity to various amenities and attractions and a short distance to the 110 Fwy.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Walkstreet Number Of Separate Electric Meters 8 Parking Features Door-SingleGarageGarage Faces Rear Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.8 Common Interest None Community Features BikingStreet LightsSidewalksUrban Contingency Buyer to corporate with seller's 1031 exchange at no cost or delay to buyer Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 137160 Gross Scheduled Income 137160 Insurance Expense 7736 Land Lease YN No Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 5200 Net Operating Income 83866 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 2 Number Of Units Leased 7 Operating Expense 46436 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 11430 Trash Expense 0 Vacancy Allowance 6858 Vacancy Allowance Rate 5 Water Sewer Expense 4800 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T00:30:33.41. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)