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Commercial > Multi-family / Apartments
Active
10/01/2024
List Price
$1,650,000$354/ft²

576 13 Th St
San Pedro, CA 90731

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  • 576 13 Th St, San Pedro, CA 90731 is a 2 bed, 1 bath, 4,664 ft² multi-family/apartments property built in 1959 on a 0.115 acre lot with 3 construction permits. This multi-family/apartments is currently on the market for $1,650,000, and it was last sold in 2020 for $1,425,014.

    MLS Description

    The listing agent's description. Original Listing

    Step into a rare opportunity to invest in the vibrant community of San Pedro with this well-maintained 6-unit apartment building at 576 W 13th St. Each unit offers efficiently designed two-bedroom, one-bath layouts, providing a balance of comfort and functionality. The property features tuck-under parking and has recently completed a soft-story retrofit, enhancing structural safety and ensuring long-term durability. Located in a high-demand rental market with vacancy rates around 4.5%, this property presents a substantial rental upside—with potential rent growth of up to 40% as units become available. A new owner can also benefit from additional income through on-site parking fees. The building includes an onsite laundry facility, offering convenience to tenants and adding to the property's appeal. Just a few blocks away is the anticipated 42-acre San Pedro West Harbor Project, a $170 million waterfront development that will feature a 6,200-seat amphitheater, along with premier dining, retail, and entertainment options. This redevelopment is poised to transform the local area and has the potential to enhance property values as it becomes a central lifestyle destination in Los Angeles. San Pedro combines coastal charm with urban accessibility, known for its quaint neighborhoods, vibrant arts scene, and rich maritime history. Residents enjoy proximity to beaches, waterfront promenades, and attractions like the Battleship USS Iowa Museum and the Cabrillo Marine Aquarium. The area offers a lively restaurant and shopping scene, providing a blend of small-town ambiance with big-city amenities. This property offers an excellent balance of immediate income and long-term appreciation potential, making it ideal for investors looking to expand their portfolio in a growing market. Don’t miss out on this opportunity to own a solid, income-producing asset with a projected cap rate above 7%!

    Listing Agents

    The listing agent for 576 13 Th St is L'mar Kojani.

    Permits

    576 13 Th St has 3 permit records.

    Permit History
    3
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    576 13 Th St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 576 13 Th St

    School Information

    Public/private schools serving 576 13 Th St

    Neighborhood

    This property is located in 576 West 13 Th Street, San Pedro, CA 90731.

    Market Trends

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    Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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