Listed by BUCKINGHAM INVESTMENTS
$1,695,000
626 W 7th
Details
APN 7451036019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,616
Net Rentable (SqFt) 5,616
Units 10
Cap Rate 6.04%
NOI $102,314
Pro-Forma Cap Rate 7.06%
Pro-Forma NOI $119,617
Price per SqFt $302
Year Built 1923
Buildings 2
Stories 2
Acreage 0.115
Zoning Assessor
Multifamily | 10 Units | $169,500/unit
Marketing description
High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential. Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.
Investment highlights
Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026
Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA
Listing Contacts
Listed by BUCKINGHAM INVESTMENTS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,314.00
$8,526.17/mo
Valuation Metrics
0
DSCR
6.04%
Cap Rate
6.04%
ROI
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