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635 W 15th St
San Pedro, CA 90731
Multifamily Property For Sale
·
13 Units
Investment Highlights
- Located just a few miles from West Harbor
- 17 parking spaces
Executive Summary
No LA rent control! Positioned in a prime San Pedro location, this 13-unit multifamily investment opportunity offers strong income potential with an attractive unit mix of nine (9) one-bedroom units and four (4) two-bedroom units. The property features community laundry facilities, seventeen (17) on-site parking spaces, and separately metered utilities with tenants responsible for gas and electricity while ownership pays water, helping minimize operating expenses. One unit is currently vacant, presenting immediate upside potential for an owner-user or the opportunity to achieve market rental rates. Ideally situated near the rapidly evolving San Pedro waterfront, the property benefits from close proximity to the highly anticipated West Harbor redevelopment — an over $150 million, 42-acre waterfront destination planned to include restaurants, shopping, fresh markets, office space, a scenic promenade, and an open-air amphitheater for live entertainment. This transformative development is expected to continue driving demand and long-term growth throughout the area, making this an exceptional opportunity for investors seeking both current cash flow and future appreciation potential.
Property Facts
| Price Per Unit | $355,095 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.10% | Lot Size | 0.23 AC |
| Gross Rent Multiplier | 13.66 | Building Size | 12,696 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Zoning | R3, Los Angeles | ||
| Price Per Unit | $355,095 CAD |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 13.66 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 12,696 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 685 |
| 2+1 | 4 | - | 1,028 |
Property Taxes
| Parcel Number | 7454-031-032 | Improvements Assessment | $3,135,810 CAD |
| Land Assessment | $1,803,088 CAD | Total Assessment | $4,938,898 CAD |
Property Taxes
Parcel Number
7454-031-032
Land Assessment
$1,803,088 CAD
Improvements Assessment
$3,135,810 CAD
Total Assessment
$4,938,898 CAD
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