626 W 7th, San Pedro, CA 90731
- $1,695,000
List Agent Anthony Walker () 310 982-7055 Buckingham Investments, Inc; CoList ()
- List Price
- $1,695,000
- Status
- ACTIVE
- MLS#
- SB26029816
- Year Built
- 1923
- Lot Size
- 5,001
- Lot Location
- Rectangular Lot
- Days on Market
- 171
- Property Type
- Multifamily
- Style
- Mediterranean
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential. Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks 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. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.
Additional Information
- Appliances
- Gas Oven, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Flat
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.