647 W 5TH ST San Pedro, CA 90731

$1,600,000

1 of 1

Bedrooms

Total Baths

Full Baths

6,044

Square Feet

0.11

Acres

1918

Year Built

66 days

On Website

Active

Status

The property is located near the intersection of Gaffey Street and 5th Street down the block from a Starbucks, a Rite Aid, and several restaurants. The property’s proximity to retail has earned it a WalkScore of 89. Additionally, the building is four blocks from a new luxury 301-unit apartment building and less than a mile from the West Harbor (formerly known as San Pedro Public Market) development site. 647 West 5th Street is a 1918 construction with eight one-bedroom/one-bath units that are separately metered for gas and electricity. The building also offers on-site laundry and an underutilized back patio. This offering presents a great opportunity for an investor to acquire an asset in a dense, redeveloping rental market and capture over 20 percent rental upside.

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Details


Interior
Living Area
6,044 SqFt.

Building And Construction
Number Of Units Total
8
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1918

Exterior And Lot
Lot Size Acres
0.1148
Lot Size Square Feet
5002
Lot Size Units
Square Feet
Zoning
LAR3

Area And Schools
City
San Pedro
County Or Parish
Los Angeles

Listing By Steven M. Bogoyevac, Broker – Steven Bogoyevac

MLS# PW20240620

Data Last Updated 2 months ago

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

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