Est. cap rate

3.4%

Assumed rent, all units

$4,280/mo

Units

2

Price per unit

$375,000

Est. annual NOI

$25,680

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2 sqft

Lot size

3,751 sqft

Year built

1927

Stories

1

Garage spaces

2

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

87

MLS #

244663040

About this property

Perfect opportunity for first-time investor in the historic Holy Trinity neighborhood of San Pedro. This charming bungalow-style duplex features two detached 1-bedroom, 1-bathroom units, each offering a functional floor plan, private backyard, laundry hookups, separate garage, and individually metered gas and electricity. Unit 120 was remodeled in 2022. Unit 116 has been recently updated with new flooring, remodeled kitchen, remodeled bathroom, and fresh finishes throughout. New drain pipes were installed for both units in 2019. Each unit has its own Washer and Dryer hookups, Conveniently located less than one mile from Downtown San Pedro and the rapidly transforming LA Waterfront, including the new San Pedro Public Market, West Harbor waterfront development, AltaSea, and nearby SpaceX facilities. This property offers excellent long-term upside in one of the area's most exciting growth corridors.

Location

116 N Cabrillo

San Pedro, Los Angeles, CA, 90731