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Listed by Anthony Walker • Buckingham Investments, Inc
$ 1,250,000
Est. payment /mo
Active
1509 S Palos Verdes Street San Pedro (los Angeles), CA 90731
3,556 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,556 sqft
Price per Sqft $351
MLS Listing ID CRSB25234250
HOA Y/N No
Year Built 1989
Lot Size 4,502 Sqft
Property Sub-Type Triplex
Source Datashare California Regional
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 12.46X GRM on actuals plus a 26% upside to a GRM of 9.6X and a 6.2% 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
Interior
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Other
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