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Listed by Josh Cohen • Keller Williams South Bay
$ 2,550,000
Est. payment | /mo
6,774 SqFt
$ 2,550,000
Est. payment | /mo
6,774 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 6,774 sqft
Price per Sqft $376
MLS Listing ID SB-25060199
Year Built 1958
Lot Size 0.259 Acres
Property Sub-Type Apartment
Property Description
We are pleased to present our latest investment opportunity located at 2505-2509 South Denison Avenue in San Pedro. The property features 14 units with a mix of (12) 1 Bed/1 Baths and (2) Studios. This property is an investor's dream with great cash flow upside potential. It has been professionally managed for over 20 years and has gone through many upgrades. It is priced right as well, at less than a 10 GRM and close to a 7% Cap Rate on day one! Located in the Point Fermin neighborhood, the property is on a nice, quiet street, close to Cabrillo Beach and the Marina! The property is comprised of two separate buildings on a large 11,286 square foot lot. The units are individually metered for electricity and master metered for gas (some tenants do pay RUBS as well). There is onsite laundry available for tenants (owned) as well as ample, convenient parking. 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 180 - Palisades
Zoning LARD1.5
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Curbs
Building
Lot Description Level with Street
Sewer Public Sewer