721 W 39th St
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721 W 39th St
5 Unit Block of Flats £1,459,650 (£291,930/Unit) 4.30% Net Initial Yield San Pedro, CA 90731
Investment Highlights
- Rare Coastal Property
- Estimated 36% Upside
- Owner User Opportunity
- Average Unit Size 1,076 SQFT
- All Two and Three Bedroom Units
- 2-Car Garage and Front Yard Space
Executive Summary
We are pleased to present this rare coastal property seconds from the cliffs of the Pacific Ocean in a quite residential neighborhood. The property is comprised of 5 units – three 2b1b units and two 3b2b units. The property has been soft story retrofitted, has new exterior railings, exterior paint, and has recently undergone an interior renovation on one of the three bedroom units. The average square feet of each unit is 1,076 and boast large floorplans. Tenants can enjoy walking the cliffsides, quite peaceful surroundings, and larger units which makes this an ideal investment property. A new owner can benefit from an estimated 36% upside in rents, a great quality piece of real estate, and solid returns.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,459,650 | Apartment Style | Low Rise |
| Price Per Unit | £291,930 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Net Initial Yield | 4.30% | Building Size | 5,384 SF |
| Gross Rent Multiplier | 14.23 | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Price | £1,459,650 |
| Price Per Unit | £291,930 |
| Sale Type | Investment |
| Net Initial Yield | 4.30% |
| Gross Rent Multiplier | 14.23 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,384 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.92/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 2 | £2,554 | 1,076 |
| 2+1 | 3 | £1,682 | 1,076 |
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PROPERTY TAXES
| Parcel Number | 7467-021-002 | Total Assessment | £1,469,367 |
| Land Assessment | £808,562 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £660,805 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7467-021-002
Land Assessment
£808,562
Improvements Assessment
£660,805
Total Assessment
£1,469,367
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R2 (A two-family dwelling or two single- family dwellings) |
| R2 (A two-family dwelling or two single- family dwellings) |
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Jonathan Weir -
Jeremy Barth -
Weir Group with Marcus and Millichap.
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