301 S Cabrillo Avenue, San Pedro, CA 90731

$2,070,000
Sold Price
$2,070,000
List Price
$2,200,000
Closing Date
Mar 28, 2024
Status
CLOSED
MLS#
SB24023071
Year Built
1922
Lot Size
12,592
Acres
0.29
Lot Location
Walkstreet
Days on Market
32
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels

Property Description

301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan or individually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and is perfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWP bill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garages present a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey within proximity to various amenities and attractions and a short distance to the 110 Fwy.

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling Description
None
Garage Spaces Total
9
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
8
Gross Scheduled Income
$137,160
Operating Expense
46436

Listing courtesy of Listing Agent: Olga Wright (olga@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..

Listing sold by Olga Wright from Lyon Stahl Investment Real Estate, Inc.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.