252 W 11th St, San Pedro

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.

Property Details

Units: 5
Gross Rent Multiplier: 9.80
Cap Rate: 6.2

Download Offering Memorandum

Contact Listing Agent

Price

$995,000

Annual Income

$101,556

Annual NOI

$61,450

Annual Expense

$35,028

Rental Cost Details

# OF UNITS	# OF BEDROOMS	# OF BATHS	ACTUAL RENT	TOTAL RENT	PRO FORMA	TOTAL PRO FORMA
1	3	2	$2,499	$2,499	$2,600	$2,600
1	3	2	$2,549	$2,549	$2,600	$2,600
1	0	1	$731	$731	$1,500	$1,500
1	0	1	$1,500	$1,500	$1,500	$1,500
1	0	1	$1,184	$1,184	$1,500	$1,500
TOTAL # OF UNITS	TOTAL # OF BEDROOMS	TOTAL # OF BATHS		GRAND TOTAL RENT		GRAND TOTAL PRO FORMA
5	6	7		$8,463		$9,700

Let’s Discuss This Property

Please fill out the form below and we’ll get back to you as soon as we can.