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Listed by Anthony P. Walker • Buckingham Investments, Inc
$ 1,200,000
Est. payment /mo
Price Dropped by $50K
1509 South Palos Verdes Street San Pedro, CA 90731
3,556 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,556 sqft
Price per Sqft $337
MLS Listing ID SB-25234250
Year Built 1989
Lot Size 4,502 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Large 1989 construction non-rent controlled (RSO) triplex with all 3 bed, 2 bath units. Each unit has almost 1200 square feet, in unit laundry, modern layouts, and 3 separate 1 car garages. Two out of three units updated in the last 3 years. Very well priced at 11.96X GRM on actuals plus a 26% upside to a GRM of 9.3X and a 6.5% cap rate at market rents.
Only 1 block 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. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Only 1 block 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. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Location
State CA
County Los Angeles
Area 185 - Plaza
Interior
Laundry None
Exterior
Garage Spaces 3.0
Pool None
Community Features Suburban
View Y/N No
View None
Building
Lot Description Rectangular Lot
Sewer Public Sewer