Listing Detail

262 W 10th St, San Pedro, CA

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Investment Highlights

  • Five-Unit Apartment Property With 50 Percent Rental Upside

  • Asset Comprises Two Buildings and a Mix of One Three-Bedroom/Two-Bath Unit and Four Studios

  • Features Include Spacious Floorplans, a Shared Patio, Balconies, Hardwood and Vinyl Flooring, Charming Period Built-Ins and Pocket Doors

  • Excellent Coastal Location Just a Few Blocks From the West Harbor Development, Newly Completed San Pedro Town Square and Promenade, and Surrounded by an Influx of Development

262 W 10th St

San Pedro, CA

5

Units 

$1,150,000

List Price

$233

Price/SF

3.21%

Cap Rate

Investment Overview

The Bogie Group of Marcus & Millichap is pleased to present to market 262 West 10th Street, a five-unit multifamily investment property in San Pedro, California. This offering presents an excellent opportunity to acquire an asset with over 50 percent rental upside in a strong coastal submarket surrounded by recent and future major development projects. This property is just a few blocks from the 42-acre, $150 Million West Harbor development, which will open its first phase this year in 2022.

262 West 10th Street comprises two buildings with a mix of one three-bedroom/two-bath unit and four studio units. The units boast spacious floor plans, hardwood and vinyl flooring, charming period built-ins and pocket doors, and original millwork that is in great condition. A third building contains a single-car garage and a laundry room with coin-operated machines that is not currently in use. The property also has a shared patio, copper plumbing, separate gas and electric meters for each unit, and the electric and subpanels were updated to code in 2002.

Download Offering Memorandum

Exclusively listed by

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Troy Reese

Senior Associate

License: CA 02029529

(424) 405-3845

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David O'Keefe

First Vice President Investments

License: CA 01928739

(424) 405-3844