Est. cap rate

4.5%

Assumed rent, all units

$8,560/mo

Units

4

Price per unit

$287,250

Est. annual NOI

$51,360

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

Quadruplex

Bedrooms

4

Building size

3,702 sqft

Lot size

5,010 sqft

Year built

1962

Stories

2

Garage spaces

3

Pool

None

Status

Active

Days on market

54

MLS #

246411270

About this property

740 W 21st Street offers a unique value-add multifamily opportunity in San Pedro’s desirable Vista Del Oro neighborhood, featuring four spacious 2-bedroom/1-bathroom units each averaging 950 Sq Ft. The property offers one fully remodeled, vacant unit that creates upside day one, seven on-site parking spaces, providing major potential for ADU development, separately metered gas and electricity, and on-site laundry. This asset is perfect for an owner/user looking to occupy the vacant unit and pay down the mortgage or an investor looking to add value through creative ownership. Located just blocks from the waterfront where the west harbor development is creating excitement and opportunity to the vibrant & historic San Pedro community.

Location

740 W. 21st

San Pedro, Los Angeles, CA, 90731