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252 W 11th 4 Unit Apartment Building $1,388,940 CAD ($347,235 CAD/Unit) 6.18% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 sqft of entertainment
- Only a few blocks from Cabrillo Marina and Cabrillo Beach
- 3 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
EXECUTIVE SUMMARY
Super high yield 5 unit property for under $1M only 1 block from the huge brand new LA Waterfront development. Two large 3 bed, 2 bath units plus 3 studio units in rear in three structures total plus off street parking for 5 cars. Large front units just remodeled in 2025 and leased at market. Attractive income at an in place GRM of 9.8 and an actual cap rate of 6.2% plus a 15% upside to 8.5X GRM and 7.5% cap rate at market rents. Only $199K/door. Separately metered for electricity, gas, and trash for a low expense building.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,388,940 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $347,235 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.18% | Building Size | 3,234 SF |
| Gross Rent Multiplier | 9.8 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1914 |
| Property Type | Multifamily | Parking Ratio | 0.62/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-2 - R-2 | ||
| Price | $1,388,940 CAD |
| Price Per Unit | $347,235 CAD |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 3,234 SF |
| No. Stories | 2 |
| Year Built | 1914 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | R-2 - R-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $1,589 CAD | - |
| 3+1 | 1 | $3,523 CAD | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (88)
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252 W 11th
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