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Multifamily

262 W 10th St

262 W 10th St, San Pedro, CA 90731

Listing Price: $1,150,000

Cap Rate
3.21%
Number of Units
5
Price/Unit
$230,000
Price/Gross SF
$232.61
Gross SF
4,944

Investment Overview

Marcus & Millichap is pleased to present to market 262 West 10th Street, a five-unit multifamily investment property in San Pedro, California. This offering presents an excellent opportunity to acquire an asset with over 50 percent rental upside in a strong coastal submarket surrounded by recent and future major development projects. This property is just a few blocks from the 42-acre, $150 Million West Harbor development, which will open its first phase this year in 2022. 262 West 10th Street comprises two buildings with a mix of one three-bedroom/two-bath unit and four studio units. The units boast spacious floor plans, hardwood and vinyl flooring, charming period built-ins and pocket doors, and original millwork that is in great condition. A third building contains a single-car garage and a laundry room with coin-operated machines that is not currently in use. The property also has a shared patio, copper plumbing, separate gas and electric meters for each unit, and the electric and subpanels were updated to code in 2002.

Investment Highlights

  • Five-Unit Apartment Property With 50 Percent Rental Upside
  • Asset Comprises Two Buildings and a Mix of One Three-Bedroom/Two-Bath Unit and Four Studios
  • Features Include Spacious Floorplans, a Shared Patio, Balconies, Hardwood and Vinyl Flooring, Charming Period Built-Ins and Pocket Doors
  • Excellent Coastal Location Just a Few Blocks From the West Harbor Development, Newly Completed San Pedro Town Square and Promenade, and Surrounded by an Influx of Development

Exclusively Listed By

Financing By

Multifamily

262 W 10th St

Listing Price: $1,150,000

Cap Rate
3.21%
Number of Units
5
Price/Unit
$230,000
Price/Gross SF
$232.61
Gross SF
4,944

Investment Highlights

  • Five-Unit Apartment Property With 50 Percent Rental Upside
  • Asset Comprises Two Buildings and a Mix of One Three-Bedroom/Two-Bath Unit and Four Studios
  • Features Include Spacious Floorplans, a Shared Patio, Balconies, Hardwood and Vinyl Flooring, Charming Period Built-Ins and Pocket Doors
  • Excellent Coastal Location Just a Few Blocks From the West Harbor Development, Newly Completed San Pedro Town Square and Promenade, and Surrounded by an Influx of Development

Investment Overview

Marcus & Millichap is pleased to present to market 262 West 10th Street, a five-unit multifamily investment property in San Pedro, California. This offering presents an excellent opportunity to acquire an asset with over 50 percent rental upside in a strong coastal submarket surrounded by recent and future major development projects. This property is just a few blocks from the 42-acre, $150 Million West Harbor development, which will open its first phase this year in 2022. 262 West 10th Street comprises two buildings with a mix of one three-bedroom/two-bath unit and four studio units. The units boast spacious floor plans, hardwood and vinyl flooring, charming period built-ins and pocket doors, and original millwork that is in great condition. A third building contains a single-car garage and a laundry room with coin-operated machines that is not currently in use. The property also has a shared patio, copper plumbing, separate gas and electric meters for each unit, and the electric and subpanels were updated to code in 2002.

Exclusively Listed By

Financing By

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