Price
$ 978,000

629 W 8th Street, Los Angeles, CA 90731  

629 W 8th Street, Los Angeles, CA 90731  

Rare opportunity for investors to purchase a well-maintained apartment complex at 5.59% Cap Rate on existing income. In addition, there are currently vacant garage and 3 storages that can be rented for additional income. It is a charming two-story walk-up apartment complex consisting of 5 one-bedroom units. The property consists of in two separate buildings on one lot. Four out of five units have been completely renovated with granite counter tops, new cabinets, new tankless water heaters and laminate wood flooring throughout. The property is separately metered for gas and electric and is easy to maintain. It is located in one of the strongest rental areas of San Pedro and boasts growing demand from tenants. Centrally located between Downtown, Ports O' Call Village and San Pedro Marina, the asset is poised to take advantage of the continued revitalization of Downtown and Waterfront Enhancement Project and offers easy access to shops, dining, entertainment and transportation.

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Listing Type
Multi-Family
Listing ID
SB17084266
Listing Status
Active
Year Built
1905
County
Los Angeles
Units
5
Zoning
LAC2
TaxID
7454005010
Listing courtesy of Olga Wright~RE/MAX Commercial & Investment
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    Listing Information Provided By:
    RE/MAX COLLEGE PARK REALTY
    2610 Los Coyotes Diagonal Long Beach, CA 90815 | Phone: (562) 982-0300
    RE/MAX COLLEGE PARK REALTY is licensed in the state of California CalBRE License #: 00702837
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.