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626 W 7th St, San Pedro
- High yield 10 unit property one block from Downtown San Pedro for only $169K/door
- 8.5X GRM on actual rents with an in-place cap rate of 6% plus upside to a market cap rate of 7.1%
- 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K
- RUBS income already in-place for a super low expense building
- 4 detached income generating garages at the rear of the property present ADU potential
- Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
- Only a few blocks 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
- Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA
Property Details
- Units: 10
- Gross Rent Multiplier: 8.53
- Cap Rate: 6.0
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Contact Listing AgentPrice
$1,695,000
Annual Income
$170,784
Annual NOI
$102,314
Annual Expense
$87,879
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 2 | $1,747 | $1,747 | $2,500 | $2,500 |
| 9 | 0 | 1 | $1,387 | $12,483 | $1,450 | $13,050 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 10 | 2 | 3 | $14,230 | $15,550 |
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