Listed by Lyon Stahl Investment Real Estate
$1,150,000
Excellent Income property in a great location
Details
APN 7456023017
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 3,224
Units 4
Cap Rate 4.30%
Occupancy 100%
Tenancy Multi
Price per SqFt $357
Year Built 1965
Buildings 1
Acreage 0.115
Zoning Assessor
Parking Spaces 4 spaces
Multifamily | 4 Units | $287,500/unit
Marketing description
464 W. 17th Street presents an outstanding value-add opportunity in the heart of San Pedro. This well-maintained 4-unit property consists of four spacious 2-bedroom, 1-bathroom units, each featuring washer and dryer hookups, a private one-car garage, and separately paid gas and electricity by the tenants. Currently generating $75,492 in annual rental income, the property offers approximately 59% rental upside with market rents projected at $2,400$2,600 per unit, creating significant potential to increase cash flow and overall returns. Additionally the free-standing garages in the rear of the property can be converted into ADU(s) - buyer to verify. *** Ideally located just minutes from the rapidly transforming LA Waterfront, residents enjoy convenient access to new dining, shopping, entertainment, and major employment centers, making this an excellent investment opportunity in one of San Pedro's fastest-growing rental markets.
Investment highlights
- Outstanding value-add 4-unit opportunity in the heart of San Pedro
- Well-maintained property with four spacious 2 bed / 1 bath units
- Each unit features washer/dryer hookups
- Each unit includes a private one-car garage
- Tenants pay their own gas and electricity
- Current annual rental income: $75,492
- Approximately 59% rental upside
- Projected market rents: $2,400–$2,600 per unit
- Significant potential to increase cash flow and overall returns
- Free-standing rear garages may offer ADU conversion potential, buyer to verify
- Ideally located minutes from the rapidly transforming LA Waterfront
- Convenient access to new dining, shopping, entertainment, and major employment centers
- Strong investment opportunity in one of San Pedro’s fastest-growing rental markets
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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