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$2,550,000

Est. payment - /mo

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0.26 Acres Lot

Pending

2505 2509 S Denison AVE San Pedro, CA 90731

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SB25060199

HOA Y/N No

Year Built 1958

Lot Size 0.259 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present our latest investment opportunity located at 2505-2509 South Denison Avenue in San Pedro. The property features 14 units with a mix of (12) 1 Bed/1 Baths and (2) Studios. This property is an investor's dream with great cash flow upside potential. It has been professionally managed for over 20 years and has gone through many upgrades. It is priced right as well, at less than a 10 GRM and close to a 7% Cap Rate on day one! Located in the Point Fermin neighborhood, the property is on a nice, quiet street, close to Cabrillo Beach and the Marina! The property is comprised of two separate buildings on a large 11,286 square foot lot. The units are individually metered for electricity and master metered for gas (some tenants do pay RUBS as well). There is onsite laundry available for tenants (owned) as well as ample, convenient parking. The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!

Location

State CA

County Los Angeles

Area 180 - Palisades

Zoning LARD1.5

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7465010011

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Josh Cohen • Keller Williams South Bay • 310-480-2130

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