Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

26

Building size

21,733 sqft

Lot size

20,978 sqft

Year built

1974

Stories

3

Garage spaces

36

Pool

None

Status

Active

Days on market

0

MLS #

248022681

About this property

Offered for the first time since it was built, El Prado is a 26-unit building in San Pedro’s Palisades neighborhood, bordering Vista Del Oro. Built in 1974 and cared for by the original developer, the property has quality construction, an elevator, a common sun deck, 36 secured parking spaces, private storage, bike storage and an owned laundry room. Every unit has a private balcony, many with views of Catalina and Miraleste Hill, and the SB 721 balcony work is complete. The mix includes (16) 1/1, (5) 2/1, (2) 2/2, (2) 3/2 and (1) 2/1.5 townhome on a 20,974 SF lot. Rents are well below market, with one-bedrooms averaging $1,522 vs. $2,524 for nearby comps. Former owner-used garages and storage offer ADU potential. Not flagged by LADBS as a soft-story building. About 3 minutes from the Stairway to the Ocean, beach and tide pools.

Location

951 W 26th

San Pedro, Los Angeles, CA, 90731