1509 S Palos Verdes St, San Pedro
Large 1989 construction non-rent controlled (RSO) triplex with all 3 bed, 2 bath units. Each unit has almost 1200 square feet, in unit laundry, modern layouts, and a separate 2 car garage for 6 garaged parking spaces total. Two out of three units updated in the last 3 years. Very well priced at 12.46X GRM on actuals plus a 26% upside to a GRM of 9.6X and a 6.2% cap rate at market rents. Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Property Details
- Units: 8
- Gross Rent Multiplier: 11.56
- Cap Rate: 5.1
Download Offering Memorandum
Contact Listing AgentPrice
$2,195,000
Annual Income
$189,540
Annual NOI
$112,157
Annual Expense
$68,206
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 3 | 2 | $2,907 | $2,907 | $3,500 | $3,500 |
| 1 | 3 | 2 | $2,760 | $2,760 | $3,500 | $3,500 |
| 1 | 3 | 2 | $2,695 | $2,695 | $3,500 | $3,500 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 3 | 9 | 6 | $8,362 | $10,500 |
Let’s Discuss This Property
Please fill out the form below and we’ll get back to you as soon as we can.
