601 W 13th Street San Pedro, CA 90731
Due to the health concerns created by Coronavirus, we are offering personal 1-1 online video walkthrough tours where possible.
A unique, plus one opportunity for a savvy Buyer. This 9 unit property was, in the past, operated as a 10 unit. It currently has a Studio unit that is CURRENTLY IN THE PROCESS OF BEING REGISTERED as an Additional Dwelling Unit (aka ADU). This additional income should bump up the gross income as much as an additional $18,000 per year. Buyer to verify. This nice, 9,000 square foot corner lot location is walking distance to the $150MM, San Pedro Waterfront Redevelopment anchored by Gladstones. 150K square feet of retail and dining, 30K of office, and 89K square feet of existing wharf and floating dock space. The property has been upgraded, as needed, as units have turned over new windows and refurbished interiors. An almost 5% cap opportunity day one and 6.3% on market rents AND THEN OVER A 7% CAP PROFORMA WITH THE ADDITION OF POTENTIAL ADU INCOME.
|13 hours ago||Listing updated with changes from the MLS|
|2 months ago||Price changed to $1,949,000|
|5 months ago||Listing first seen online|