Est. cap rate

3.7%

Assumed rent, all units

$6,420/mo

Units

3

Price per unit

$350,000

Est. annual NOI

$38,520

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

Triplex

Bedrooms

3

Building size

3,476 sqft

Lot size

5,402 sqft

Year built

1973

Stories

2

Garage spaces

2

Pool

None

Status

Active

Days on market

11

MLS #

246910134

About this property

** EXCEPTIONAL INVESTMENT OPPORTUNITY IN HIGHLY DESIRABLE VISTA DEL ORO ** This well-maintained three-unit residential income property offers an outstanding opportunity in one of San Pedro’s most desirable neighborhoods. The property features a spacious 3-bedroom, 2-bath unit and two spacious 2-bedroom, 1-bath units, with approximately 3,500 square feet of total living space situated on a 5,402-square-foot lot. Each unit features its own private balcony, and the property offers ample on-site and off-street parking, along with a coin-operated community laundry room. The 3-bedroom unit also includes an attached garage and private laundry hookups. Pride of ownership is evident throughout, with improvements including a newer roof, double-pane windows, plumbing upgrades, updated flooring, and numerous improvements within the individual units. All three units are currently occupied by long-term tenants, providing an established rental income stream. Located near the exciting transformation of the San Pedro Waterfront and West Harbor, the property is well positioned to benefit from the continued investment and redevelopment taking place throughout the area, bringing new dining, entertainment, retail, and waterfront attractions to this vibrant and historic San Pedro community. These improvements further enhance the long-term appeal of this already highly sought-after residential area. An excellent opportunity for an investor seeking a well-located income property with established rental income, value-added potential, and long-term appreciation potential. With its desirable unit mix, generous lot, ample parking, and prime Vista del Oro location, this is a rare opportunity to acquire a quality multi-family asset in one of San Pedro’s most desirable residential neighborhoods.

Location

1109 W 24th Street

San Pedro, Los Angeles, CA, 90731