Skip To Content

    805 S Centre Street

    San Pedro, CA 90731
    • $1,400,000
    • STATUS: ACTIVE
    • ON SITE: 215 Days
    • ID#: SB21032139
    UPDATED: 228 min ago
    $1,400,000
    • 4
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property 8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property is master-metered, which allows an owner to legally raise rent 6% annually (2% in addition to the LA City allowable 4%)

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.welcometosandiegorealestate.com/homes/115135317
    Print Image

    805 S Centre Street San Pedro, CA 90731

    • Price: $1,400,000
    • Status: ACTIVE
    • Updated: 228 min ago
    • ID#: SB21032139
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    Neighborhood:
    San Pedro (90731)
    County:
    Los Angeles
    Area:
    San Pedro (90731)
    Property Description
    8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property 8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property is master-metered, which allows an owner to legally raise rent 6% annually (2% in addition to the LA City allowable 4%)
    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
    Logo
    Compass
    875 G St #108
    San Diego CA, 92101