Properties
San Pedro, CA 90731 626 W 7th
$1,695,000
9 more
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Baths • 1
SQFT • 5,616
Garage • 4
Home Details
High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential.
Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Interior Features for 626 W 7th
Other Interior Features
Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Window FeaturesWood Frames
Other Rooms
Entry Level1
General for 626 W 7th
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGas Oven, Gas Range
Architectural StyleMediterranean
Building Area UnitsSquare Feet
Cap Rate6
Carport Spaces
CitySan Pedro
Community FeaturesUrban
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsNorth Side of 7th St, just East of Gaffey
ElectricStandard
Electric Expense8424
Entry Location1
Facing DirectionSouth
Fuel Expense3562
Garage Spaces4
Garage Y/NYes
Gross Income198732
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense9828
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet5001
Lot Size UnitsSquare Feet
MLS Area189 - Barton Hill
MaintenanceExpense9510
Net Operating Income102314
New ConstructionNo
Number Of Units Total10
Open Parking Spaces0
Operating Expense87879
Pool FeaturesNone
PossessionClose Of Escrow
PostalCitySAN PEDRO
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofFlat
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot24
Taxes$21,188
Tenant PaysElectricity
Trash Expense5935
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense15112
Year Built1923
Year Built SourceAssessor
Exterior for 626 W 7th
Building Area Total5616
FencingNone
Foundation DetailsRaised
Lot FeaturesRectangular Lot
Lot Size Acres0.1148
Lot Size Area5001
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters10
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesGarage Faces Rear
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
