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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

Property Details

  • Units: 4
  • Gross Rent Multiplier: 17.27
  • Cap Rate: 2.9%

Download Offering Memorandum

Contact Listing Agent

Price

$1,200,000

Annual Income

$69,488

Annual NOI

$34,772

Annual Expense

$31,241

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL 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 UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
484$5,791$8,800

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