560 W. 4th Street, San Pedro

560 W. 4th Street, San Pedro, CA 90731

Sale Price

$1,100,000

Investment Overview

Units

5

Year Built

1980

Price Per Unit

$220,000

Current Cap Rate

4.21

Market Cap Rate

5.89

Current GRM

13.55

Market GRM

10.82

The Offering

560 W. 4th Street is a five-unit apartment building in San Pedro, California. Built in 1980, the property is not subject to the Los Angeles Rent Stabilization Ordinance.
This asset features an attractive unit mix of two 2 BD / 1 BA and three 1 BD / 1 BA units, ample parking, onsite laundry and controlled entry access.
Well-located in close proximity to the amenities along the Pacific Avenue Main corridor, the property has an excellent Walk Score of 92.

Investment Highlights

  • Built in 1980 – Not Subject to Los Angeles Rent Stabilization Ordinance (RSO)
  • +/-27% in Rental Upside Potential
  • 92 Walk Score – Close to Pacific Avenue Main Corridor