Courtesy of: Anthony Walker, Buckingham Investments, Inc, Anthony.walker@buckinghaminvestments.com
Courtesy of: Anthony Walker, Buckingham Investments, Inc, Anthony.walker@buckinghaminvestments.com
$995,000
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6 bed
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7.00 Bath (7 Full)
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Lot: 6,757.00 Square Feet
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Apartment
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$995,000
252 W 11th Super high yield 5 unit property for under $1M only 1 block from the huge brand new LA Waterfront development. Two large (3) bed, (2) bath units plus 3 studio units in rear in three structures total plus off street parking for 5 cars. Large front units just remodeled in 2025 and leased at market. Attractive income at an in place GRM of 9.8 and an actual cap rate of 6.2% plus a 15% upside to 8.5X GRM and 7.5% cap rate at market rents. Only $199K/door. Separately metered for electricity, gas, and trash for a low expense building. Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375, 000 square feet of retail, dining, and entertainment slated to open in 2026. 3 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Courtesy of: Anthony Walker, Buckingham Investments, Inc, Anthony.walker@buckinghaminvestments.com
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