San Pedro, CA 90731,301 S Cabrillo Avenue
San Pedro, CA 90731,301 S Cabrillo Avenue
San Pedro, CA 90731,301 S Cabrillo Avenue
$2,070,000
Est. payment /mo
$2,200,000
5.9%
Est.Price: ?

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4 Beds
4 Baths
0.29 Acres Lot
SOLD DATE : 03/28/2024

Key Details

Sold Price $2,070,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24023071

Sold Date 03/28/24

Bedrooms 4

HOA Y/N No

Lot Size 0.289 Acres

Property Description

301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan or individually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and is perfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWP bill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garages present a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey within proximity to various amenities and attractions and a short distance to the 110 Fwy.
301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan or individually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and is perfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWP bill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garages present a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey within proximity to various amenities and attractions and a short distance to the 110 Fwy.

Location

State CA

County Los Angeles

Area San Pedro (90731)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $51

Acceptable Financing Exchange

Space Rent $1,201

Listing Terms Exchange

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San Diego Regional MLS (SDMLS)
Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
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