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    3647 Stephen M White Drive

    San Pedro, CA 90731
    • $2,695,000
    • STATUS: CONTINGENT
    • ON SITE: 55 days
    • ID#: 302561125
    Under Contract
    UPDATED: 136 min ago
    $2,695,000
    • 6
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White Drive, this property hits all the marks - great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This buil A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White Drive, this property hits all the marks - great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This building has been retrofitted to meet city standards. With a gross rent multiplier of 14.2x gross and a 4.46% cap rate, you are getting an incredible value. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O Call Village.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/106941919
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    3647 Stephen M White Drive San Pedro, CA 90731

    • Price: $2,695,000
    • Status: CONTINGENT
    • Updated: 136 min ago
    • ID#: 302561125
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1958
    Built
    Neighborhood:
    San Pedro (90731)
    County:
    Los Angeles
    Area:
    San Pedro (90731)
    Property Description
    A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White Drive, this property hits all the marks - great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This buil A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White Drive, this property hits all the marks - great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This building has been retrofitted to meet city standards. With a gross rent multiplier of 14.2x gross and a 4.46% cap rate, you are getting an incredible value. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O Call Village.
    Exterior Features

    Pool Below GroundPrivate Site Curbs

    Interior Features

    Cooling N/K Stories 3 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 4.46 Annual Expense Actual 68902 Buildings 1 Gross Rent Multiplier Actual 14.2 Gross Scheduled Income Actual 188988 Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1924.0 Unit2 Rent Actual 2295.0 Unit3 Rent Actual 1599.0 Unit4 Rent Actual 1499.0 Water Meter On Property Zoning Lard2

    Listing provided courtesy of Keller Williams Realty. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Cay, Carly & Patrick | Keller Williams
    12780 High Bluff Drive
    San Diego CA, 92130