Listed by Shane Young with Younglewin Advisors, Inc.

2214 S Leland Street

San Pedro, CA, 90731

$3,800,000

$298 per ft²
$3,800,000
$298 per ft²
Active
Active
 - For Sale
carpenters-square
12,720 ft²
property_type
Multi-family
calendar
Built 1963
YoungLewin Advisors, Inc. is pleased to present the unique opportunity to purchase 2214 S Leland Street in San Pedro. The offering consists of TWO buildings - an 8 unit built in the 60s & a 7 unit built in the 20s, situated on an oversized lot in a desirable rental market of San Pedro. Large units averaging 848 sqft with onsite laundry and five 2-car garages. The property has an exceptional unit mix of 53% 2 bedroom and 3 bedroom units, and has permits for a 16th Unit - a 2 bedroom ADU garage conversion. There is over 80% Upside in the NOI (not including the ADU buildout)! The property has been well maintained, is cash flowing well, and has a significant amount of upside for a savvy investor. 9.4 GRM market, 7.55% Cap Rate market without the ADU. 8.7 GRM & 8.28% Cap Rate with the ADU!
MLS® ID:
PW23024040
Listed:
2/9/23
Updated:
3/25/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
10,008 ft² lot
Lot Details
Corner Lot, Near Park, Value In Land
Sewer
Public Sewer

Other Property Details

Area Name
183 - Vista Del Oro
Association Amenities
Biking, Curbs, Hiking, Street Lights, Park
Garage
Yes
Garage Spaces
10
Parking
10
Parking Total
10.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LARD2
Buyer Agency Compensation
2.500

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/25/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/25/23 at 2:46 PM UTC

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