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8 units with a 5% I/O Private, Assumable Loan 1352 W 10th St 8 Unit Apartment Building $2,549,660 CAD ($318,708 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 |
$246,803
|
$41.55
|
| Other Income |
$4,302
|
$0.72
|
| Vacancy Loss |
$7,404
|
$1.25
|
| Effective Gross Income |
$243,701
|
$41.03
|
| Taxes |
$31,123
|
$5.24
|
| Operating Expenses |
$71,545
|
$12.04
|
| Total Expenses |
$102,668
|
$17.28
|
| Net Operating Income |
$141,034
|
$23.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $246,803 |
| Annual Per SF | $41.55 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,302 |
| Annual Per SF | $0.72 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,404 |
| Annual Per SF | $1.25 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $243,701 |
| Annual Per SF | $41.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,123 |
| Annual Per SF | $5.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $71,545 |
| Annual Per SF | $12.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $102,668 |
| Annual Per SF | $17.28 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $141,034 |
| Annual Per SF | $23.74 |
Property Facts
| Price | $2,549,660 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $318,708 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.53% | Building Size | 5,940 SF |
| Gross Rent Multiplier | 10.15 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1930 |
| Property Type | Multifamily | Parking Ratio | 0.38/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4 - Restricted Density Multiple Dwelling | ||
| Price | $2,549,660 CAD |
| Price Per Unit | $318,708 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 | B |
| Lot Size | 0.20 AC |
| Building Size | 5,940 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | R4 - Restricted Density Multiple Dwelling |
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 | $2,714,976 CAD (2026) |
| Land Assessment | $1,538,231 CAD (2026) | Annual Taxes | $31,123 CAD ($5.24 CAD/SF) |
| Improvements Assessment | $1,176,745 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
7459-018-008
Land Assessment
$1,538,231 CAD (2026)
Improvements Assessment
$1,176,745 CAD (2026)
Total Assessment
$2,714,976 CAD (2026)
Annual Taxes
$31,123 CAD ($5.24 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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