918 S Cabrillo Avenue, San Pedro, CA 90731
- $2,327,000
- Sold Price
- $2,327,000
- List Price
- $2,327,000
- Closing Date
- Jun 30, 2026
- Status
- CLOSED
- MLS#
- SB26022408
- Year Built
- 1964
- Lot Size
- 8,354
- Acres
- 0.19
- Lot Location
- Corner Lot, Near Park, Walkstreet
- Days on Market
- 96
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
Beautiful Pride-of-Ownership Property in PRIME Location!!! Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases). **Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations. The property has 6 private garages, additional on-site parking, and common laundry facilities. **Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 7
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $221,820
- Operating Expense
- 71062
Listing courtesy of Listing Agent: Olga Wright (olga@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Lidija Bacelic from Golden West Realty
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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.