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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
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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
121$1,500$1,500$2,200$2,200
121$1,406$1,406$2,200$2,200
121$1,345$1,345$2,200$2,200
121$1,540$1,540$2,200$2,200
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
484 $5,791 $8,800