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8 units with a 5% I/O Private, Assumable Loan 1352 W 10th St 8 Unit Apartment Building $2,601,543 CAD ($325,193 CAD/Unit) 5.53% Cap Rate San Pedro, CA 90732
Investment Highlights
- Lock in a loan of $1,360,000 at a below market rate of 5% I/O.
- Two units delivered vacant, so immediate rent upside is actionable.
- The building sits in one of San Pedro's best neighborhoods, Weymouth Corners. A pastoral, neighborhood with predominantly single family homes.
- Cool ocean breezes and access to beaches, parks, Palos Verdes and one of LA's largest employers - The Port of Los Angeles.
- Build-quality from a bygone: hardwood, arched doorways, vintage tile, clawfoot iron tubs etc.
Executive Summary
Classic Spanish in one of LA's oldest and tried-and-true rental markets. Beautiful ocean breezes and access to beaches, parks, Palos Verdes and one of LA's largest employers - The Port of Los Angeles. The building sits in one of San Pedro's best neighborhoods, Weymouth Corners. A pastoral, neighborhood with predominantly single family homes. This investment is perfect for a 1st Timer or investor who might want an easy addition to the portfolio. Excellent assumable loan of $1,365,000 at 5% I/O (1 year left+/-). Assume this while interest rates compress, then get a longer-term bank loan.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$251,825
|
$42.39
|
| Other Income |
$4,390
|
$0.74
|
| Vacancy Loss |
$7,554
|
$1.27
|
| Effective Gross Income |
$248,661
|
$41.86
|
| Taxes |
$31,756
|
$5.35
|
| Operating Expenses |
$73,001
|
$12.29
|
| Total Expenses |
$104,757
|
$17.64
|
| Net Operating Income |
$143,904
|
$24.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $251,825 |
| Annual Per SF | $42.39 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,390 |
| Annual Per SF | $0.74 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,554 |
| Annual Per SF | $1.27 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $248,661 |
| Annual Per SF | $41.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,756 |
| Annual Per SF | $5.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $73,001 |
| Annual Per SF | $12.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $104,757 |
| Annual Per SF | $17.64 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $143,904 |
| Annual Per SF | $24.23 |
Property Facts
| Price | $2,601,543 CAD | Property Subtype | Apartment |
| Price Per Unit | $325,193 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.53% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 10.15 | Building Size | 5,940 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Price | $2,601,543 CAD |
| Price Per Unit | $325,193 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 10.15 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,940 SF |
| No. Stories | 2 |
| Year Built | 1930 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 1,004 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7459-018-008 | Total Assessment | $2,715,907 CAD |
| Land Assessment | $1,538,758 CAD | Annual Taxes | $31,756 CAD ($5.35 CAD/SF) |
| Improvements Assessment | $1,177,148 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7459-018-008
Land Assessment
$1,538,758 CAD
Improvements Assessment
$1,177,148 CAD
Total Assessment
$2,715,907 CAD
Annual Taxes
$31,756 CAD ($5.35 CAD/SF)
Tax Year
2025
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8 units with a 5% I/O Private, Assumable Loan | 1352 W 10th St
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