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Listed by Josh Cohen • Keller Williams South Bay
$2,550,000
Est. payment /mo
6,774 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,774 sqft
Price per Sqft $376
MLS Listing ID CRSB25060199
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1958
Lot Size 0.259 Acres
Property Sub-Type Other
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
Interior
Fireplace No
Laundry Other
Building
Lot Description Level
Water Public
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