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$ 1,400,000
Est. payment | /mo
8 Beds
8 Baths
6,496 SqFt
$ 1,400,000
Est. payment | /mo
8 Beds
8 Baths
6,496 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,496 sqft
Price per Sqft $215
MLS Listing ID 25543809
Bedrooms 8
HOA Y/N No
Year Built 1921
Lot Size 5,514 Sqft
Property Description
409 West 22nd presents a terrific opportunity for a discerning investor to acquire eight units in San Pedro. Boasting a strong in-place Cap Rate with projected 22% +-/ rental upside, there are several ways that an investor can tackle this! The units are large for one beds, averaging just over 800 square feet each and most have their own distinct, separate entryways from other units, giving a better sense of privacy for tenants. Several units even have balconies! The property sits on two separate parcels with a large parking area to the rear, for a combined lot square footage of 10,414. Located in the Point Fermin neighborhood, the property is close to Cabrillo Beach and the Marina! The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!
Location
State CA
County Los Angeles
Area 181 - Point Fermin
Zoning LARD1.5
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 14
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7465004014
Special Listing Condition Standard
Listed by Joshua Cohen • Keller Williams Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "