740 W 21st, San Pedro
- Large 4-unit apartment building only blocks from Cabrillo Marina and the beach
- Great unit mix with 100% large 2-bedroom, 1-bathroom units
- Huge 52% upside in rents to a 11.36 GRM and a 5.4% cap rate on market rents
- Off street tuck under parking for 4 cars
- Not subject to city of LA soft story retrofit program
withdrawn
Download Offering Memorandum
UNITS: 4
GROSS RENT MULTIPLIER: 17.27
CAP RATE: 2.9%
PRICE
$1,200,000
ANNUAL INCOME
$69,488
ANNUAL NOI
$34,772
ANNUAL EXPENSE
$31,241
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 1 | $1,500 | $1,500 | $2,200 | $2,200 |
| 1 | 2 | 1 | $1,406 | $1,406 | $2,200 | $2,200 |
| 1 | 2 | 1 | $1,345 | $1,345 | $2,200 | $2,200 |
| 1 | 2 | 1 | $1,540 | $1,540 | $2,200 | $2,200 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 4 | 8 | 4 | $5,791 | $8,800 |
