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4.65% I/O Assumable Debt 801-811 Oro Ter 12 Unit Apartment Building $4,744,732 CAD ($395,394 CAD/Unit) 4.51% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- 20% Down/80% LTV assumable debt at 4.65% I/O.
- 19K sq. ft. lot is perfect for development
- Massive, 50% rent upside as units turnover
- BEAUTIFUL VISTA DEL ORO LOCATION, waaaay up the hill, near Palos Verdes. Unparalleled "view" potential for a Builder
- The current bungalow-style units are like small homes (back doors/utility rooms/washer & dryer)
EXECUTIVE SUMMARY
BEAUTIFUL VISTA DEL ORO LOCATION, waaaay up the hill, near Palos Verdes.
Unparalleled "view" potential for a Builder.
Unique, large, highly elevated, 19K square foot street-to-alley lot, affording a builder 12 condo or townhome potential with unobstructed views of the harbor, LA Basin and beyond. Maybe even more than 12. Zoning is LARD1.5. Buyer to verify.
Currently, it's 12 charming, Spanish, bungalow-style units with tons of "old-school" charm - coved ceilings, arched doorways, original, resurfaced hardwood floors, walk-in closets, tile kitchens and baths….and a utility room with washer/dryer hookups in every unit. Mature, king palm trees line the walkways, around a water feature. The roofs were recently replaced, garage doors, also.
The $150MM, 42 acre, West Harbor aka "Waterfront Redevelopment" and 35 acre AltaSea Science Center make San Pedro one of LA's most dynamic investment markets. And of course, it's home to one of LA County's largest employers, The Port of LA. An already-stable renting base that is only getting stronger.
ASSUMABLE LOAN:
80+% LTV assumable note of $2,770,000 at 4.65% Interest-Only. Principal paydown amounts of $100K each May and December. Due Feb 2033.
*SELLER WILL LIKELY ALLOW "CASH-FOR-KEYS" DIALOGUE WITH THE TENANTS DURING ESCROW.
EXCLUSIVELY LISTED AT $3,399,000.
Unparalleled "view" potential for a Builder.
Unique, large, highly elevated, 19K square foot street-to-alley lot, affording a builder 12 condo or townhome potential with unobstructed views of the harbor, LA Basin and beyond. Maybe even more than 12. Zoning is LARD1.5. Buyer to verify.
Currently, it's 12 charming, Spanish, bungalow-style units with tons of "old-school" charm - coved ceilings, arched doorways, original, resurfaced hardwood floors, walk-in closets, tile kitchens and baths….and a utility room with washer/dryer hookups in every unit. Mature, king palm trees line the walkways, around a water feature. The roofs were recently replaced, garage doors, also.
The $150MM, 42 acre, West Harbor aka "Waterfront Redevelopment" and 35 acre AltaSea Science Center make San Pedro one of LA's most dynamic investment markets. And of course, it's home to one of LA County's largest employers, The Port of LA. An already-stable renting base that is only getting stronger.
ASSUMABLE LOAN:
80+% LTV assumable note of $2,770,000 at 4.65% Interest-Only. Principal paydown amounts of $100K each May and December. Due Feb 2033.
*SELLER WILL LIKELY ALLOW "CASH-FOR-KEYS" DIALOGUE WITH THE TENANTS DURING ESCROW.
EXCLUSIVELY LISTED AT $3,399,000.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$339,678
|
$42.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,190
|
$1.29
|
| Effective Gross Income |
$329,487
|
$41.67
|
| Taxes |
$56,889
|
$7.19
|
| Operating Expenses |
$58,771
|
$7.43
|
| Total Expenses |
$115,660
|
$14.63
|
| Net Operating Income |
$213,827
|
$27.04
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $339,678 |
| Annual Per SF | $42.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,190 |
| Annual Per SF | $1.29 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $329,487 |
| Annual Per SF | $41.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $56,889 |
| Annual Per SF | $7.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,771 |
| Annual Per SF | $7.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $115,660 |
| Annual Per SF | $14.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $213,827 |
| Annual Per SF | $27.04 |
PROPERTY FACTS
| Price | $4,744,732 CAD | Apartment Style | Garden |
| Price Per Unit | $395,394 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 4.51% | Building Size | 7,908 SF |
| Gross Rent Multiplier | 13.97 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Zoning | RD1.5, Los Angeles | ||
| Price | $4,744,732 CAD |
| Price Per Unit | $395,394 CAD |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| Gross Rent Multiplier | 13.97 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 7,908 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | RD1.5, Los Angeles |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 7458-004-015 | Total Assessment | $4,841,359 CAD (2025) |
| Land Assessment | $3,520,988 CAD (2025) | Annual Taxes | $56,889 CAD ($7.19 CAD/SF) |
| Improvements Assessment | $1,320,371 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7458-004-015
Land Assessment
$3,520,988 CAD (2025)
Improvements Assessment
$1,320,371 CAD (2025)
Total Assessment
$4,841,359 CAD (2025)
Annual Taxes
$56,889 CAD ($7.19 CAD/SF)
Tax Year
2024
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4.65% I/O Assumable Debt | 801-811 Oro Ter
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