663 W 5th St., 90731 - 6 Units
Multifamily | 5.39% CAP | 6 Units
Marketing description
RE/MAX One Commercial is pleased to present a turnkey 6-unit multifamily investment opportunity located in the heart of San Pedro. Built in 1990, the property is exempt from Los Angeles City Rent Control (RSO), positioning the asset for long-term income growth in a market supported by strong rental demand.
The property has been extensively renovated with a new roof, electrical systems, copper plumbing, water heater, and upgraded laundry facilities. Interior improvements include remodeled kitchens and bathrooms, hardwood flooring, recessed lighting, fresh paint, and updated fixtures, creating a true turnkey investment with minimal deferred maintenance. 5/6 of the units have been fully renovated.
Located in a highly walkable San Pedro neighborhood, the property features secured gated entry and parking and is just minutes from the $200 million West Harbor redevelopment. With convenient access to the I-110 Freeway, the asset is well positioned to benefit from the area's continued growth and revitalization.
Investment highlights
- 6 Units: (1) 2+2, (1) 1+1, (4) Studio's
- GRM: 12.49
- CAP Rate: 5.39%
- Price/Unit: $245,833
- Price/SF: $363.57
- Zoning: LAR3
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