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3703 S Patton Ave 2 Unit Apartment Building $2,149,717 CAD ($1,074,858 CAD/Unit) 4.90% Cap Rate San Pedro, CA 90731



EXECUTIVE SUMMARY
Nestled just a block away from the ocean in the coveted Palisades neighborhood of San Pedro, this beautifully remodeled home is a sanctuary of comfort and style. Boasting 4 spacious bedrooms and 3 elegant bathrooms, this residence offers an open floor plan bathed in natural light, making every corner of its 2,377 square feet feel bright and welcoming. The heart of the home is the eat-in kitchen, featuring a generous island with abundant cabinet space, ideal for culinary enthusiasts. Enjoy ocean views from the large primary suite or unwind in the newly added sauna. The home is equipped with a 220 AMP electric panel and Central AC to ensure modern conveniences are at your fingertips. Whether you're entertaining in the backyard, practicing your swing on the putting green, or relaxing in the spa, the outdoor spaces redefine luxury living. With a newer roof, double pane windows, and enlarged 2-car garage, plus RV parking, every detail has been thoughtfully considered. Downstairs, you'll find a 494 square foot Junior ADU with a private entrance and separate house number. This versatile space includes a kitchenette and laundry hookups and bathroom, perfect for guests or as a rental opportunity. Located just steps from the ocean, this home offers a unique blend of tranquility and convenience, making it a perfect retreat. Don’t miss the chance to make this ocean-view gem your own!
PROPERTY FACTS
| Price | $2,149,717 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,074,858 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.90% | Building Size | 2,377 SF |
| Gross Rent Multiplier | 16 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR1 | ||
| Price | $2,149,717 CAD |
| Price Per Unit | $1,074,858 CAD |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Gross Rent Multiplier | 16 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,377 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | LAR1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 3+2 | 1 | - | - |
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3703 S Patton Ave
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