1081 W. 19th Street San Pedro | 1081 W 19th St
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1081 W. 19th Street San Pedro 1081 W 19th St
4 Unit Apartment Building $2,023,653 CAD ($505,913 CAD/Unit) 5.36% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- Spectacular Harbor and City Lights View
- Property is Exempt from Los Angeles City Rent Stabilization Ordinance
- Rents have lots of room for additional Income
EXECUTIVE SUMMARY
Recent Rent Increase and price reduction. Located in the heart of the Vista Del Oro neighborhood of San Pedro is a excellent investment opportunity at 1081 W 19th St. Built in 1980 this property is NOT subject to Los Angeles City Rent Stabilization. This is a 4-Unit multi-family property with a great mix of units containing one 3 bedroom and 2 bath, two 2 bedroom and 2 bath units, and one 1 bedroom and 1 bath unit. In addition the 3 bedroom unit has washer and dryer hook ups and will be vacant on October 1st. A great chance for either an owner-user or an investor to maximize rent. Additionally, the property has a recreation / storage room which has the potential to be converted to an auxiliary dwelling unit (ADU) to continue to maximize the building's cash flow. 1081 W 19th St provides 3 units with an enclosed garage and a carport space for the remaining unit. This property is situated on 19th Street which provides the front and rear upper units with extraordinary views of the ocean and harbor. This is truly a pride of ownership property and has been well cared for over the years. The location of this building is only minutes from the huge redevelopment of the waterfront, West Harbor, slated to bring in several new restaurants and entertainment opportunities to San Pedro. In addition, this property is minutes from Cabrillo Beach, Angels Gate Park, shopping centers and more. Don't miss out on this incredible opportunity to own a exceptional piece of San Pedro real estate.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$108,398
|
$25.98
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $108,398 |
| Annual Per SF | $25.98 |
PROPERTY FACTS Under Contract
| Price | $2,023,653 CAD | Building Class | C |
| Price Per Unit | $505,913 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,172 SF |
| Cap Rate | 5.36% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Apartment Style | Garden |
| Price | $2,023,653 CAD |
| Price Per Unit | $505,913 CAD |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,172 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 0.96/1,000 SF |
UNIT AMENITIES
- Balcony
- Bay Window
SITE AMENITIES
- Gas Range
- Trash Pickup - Curbside
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $4,050 CAD | 1,250 - 1,300 |
| 2+2 | 2 | $2,787 CAD | 950 - 1,000 |
| 1+1 | 1 | $2,741 CAD | 872 |
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PROPERTY TAXES
| Parcel Number | 7462-012-060 | Improvements Assessment | $402,674 CAD |
| Land Assessment | $50,962 CAD | Total Assessment | $453,636 CAD |
PROPERTY TAXES
Parcel Number
7462-012-060
Land Assessment
$50,962 CAD
Improvements Assessment
$402,674 CAD
Total Assessment
$453,636 CAD
ZONING
| Zoning Code | RD1.5 (Property has a large recreation room with a Kitchen and Bathroom which may be able to be converted into a 5th rental unit ADU(Auxiliary Dwelling Unit)) |
| RD1.5 (Property has a large recreation room with a Kitchen and Bathroom which may be able to be converted into a 5th rental unit ADU(Auxiliary Dwelling Unit)) |
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1081 W. 19th Street San Pedro | 1081 W 19th St
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