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23461068
23461069

989 W 2nd Street, San Pedro, CA 90731

DK
CA 01761861
Alliance Investment Real Estate Group
RK
01085411
Alliance Investment Real Estate Group
Listed by Alliance Investment Real Estate Group
$2,985,000
129 days on market
Updated 55 days ago

989 W 2nd Street

Details
APN 7451013030
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 6,930
Units 9
NOI $155,978
Pro-Forma NOI $220,490
Year Built 1959
Year Renovated 2025
Buildings 3
Stories 1
Acreage 0.273
Zoning Assessor
Ground Lease No

Multifamily | 9 Units | $331,667/unit

Marketing description

PRICE IMPROVEMENT!! PORTFOLIO SALE--3 SIDE-BY-SIDE TRIPLEXES ON SEPARATE APNs: We are pleased to offer for sale this well-located property portfolio in the highly desirable Holy Trinity rental market of San Pedro. This asset consists of 3 Triplexes on 3 separate APNs--977, 983 and 989 2nd Street. There's also an excellent unit mix of ALL SINGLE STORY 2 bedroom units--6 of which have been completely renovated with new kitchens, bathrooms, and flooring! The exterior has also been renovated with new paint, and vinyl windows. There is also central A/C units and in unit washer and dryer hook-ups in each unit and garages for tenants to enjoy. The property is also individually metered for gas and electric along with individual water heaters for each unit which keeps operating expenses low for the owner. Actual in place rents are also very strong allowing a new owner to have great cash flow from day 1 without the need to significantly raise rents. Property also qualifies for 30 year fixed residential financing. Property is centrally located near 110 freeway, 710 freeway, Vincent Thomas Bridge as well as major shopping centers, international Cruise Ship Terminals, and the San Pedro Waterfront development. INVESTORS WELCOME!

Investment highlights

  • 3 Side-By-Side Triplexes on Separate APNs!

  • Individually Metered for Gas & Electric / Separate Water Heaters for Each Unit

  • In-Unit Washer/Dryer Hookups! New Exterior Paint and Windows

  • ALL SINGLE STORY UNITS!! MAJORITY of the Units have been Fully Rehabbed

  • Central AC & Heat / New Paint & Windows / Garages

  • **Properties Qualify for 30 Year Fixed Residential Financing

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Listing Contacts

DK
CA 01761861
Alliance Investment Real Estate Group
RK
01085411
Alliance Investment Real Estate Group
Listed by Alliance Investment Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,978.00
$12,998.17/mo

Valuation Metrics

0
DSCR
5.23%
Cap Rate
5.23%
ROI

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Additional Information

Name
Daniel Khorsandi
License
01761861
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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