Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

965 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

675 W 11th St

11 Unit Block of Flats £1,816,233 (£165,112/Unit) 5.70% Net Initial Yield San Pedro, CA 90731

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Community Laundry
Close approximation to Freeways, Restaurants & More

Close approximation to new Waterfront Development
Low Maintenance Style building

Executive Summary

Fantastic opportunity to own an 11 unit building, located in the heart of San Pedro! The set up includes One - 2 bedroom unit, Two - 1 bedroom units, and Eight - studio units, plus includes community laundry. This is a very low maintenance building, Landlord pays all utilities. There are 6 vacant garages in the back not currently rented. Capitalize on the upside for rent increase potential in this appreciating San Pedro market. Walking distance to the new San Pedro waterfront development, West Harbor. West Harbor is an over $150-million dollar redevelopment of the San Pedro water front and will feature 42 acres of restaurants, shopping, fresh markets, office space, and a waterfront promenade with an open-air amphitheater for live entertainment. Attractive opportunity to acquire this 11-unit asset in an appreciating market, driven by ongoing San Pedro developments.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£130,427	£18.65
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£130,427	£18.65
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£26,266	£3.76
Net Operating Income	£104,161	£14.90

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£130,427
Annual Per SF	£18.65

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£130,427
Annual Per SF	£18.65

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£26,266
Annual Per SF	£3.76

Net Operating Income
Annual	£104,161
Annual Per SF	£14.90

Property Facts

Price	£1,816,233	Property Subtype	Apartment
Price Per Unit	£165,112	Apartment Style	Low Rise
Sale Type	Investment	Building Class	C
Net Initial Yield	5.70%	Lot Size	0.16 AC
Gross Rent Multiplier	14	Building Size	6,992 SF
No. Units	11	Number of Floors	2
Property Type	Residential	Year Built	1924

Price	£1,816,233
Price Per Unit	£165,112
Sale Type	Investment
Net Initial Yield	5.70%
Gross Rent Multiplier	14
No. Units	11
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	6,992 SF
Number of Floors	2
Year Built	1924

Unit Amenities

Air Conditioning

Site Amenities

Laundry Facilities

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
2+1	1	£1,443	-
1+1	1	£1,255	-
Studios	8	£987.51	-
1+1	1	-	-

1 of 1

Walk Score ®

Very Walkable (88)

Bike Score ®

Very Bikeable (83)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	7454-018-003	Improvements Assessment	£74,702 (2024)
Land Assessment	£23,298 (2024)	Total Assessment	£98,000 (2024)

PROPERTY TAXES

Parcel Number

7454-018-003

Land Assessment

£23,298 (2024)

Improvements Assessment

£74,702 (2024)

Total Assessment

£98,000 (2024)

zoning

Zoning Code	RD3 (One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
RD3 (One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)