626 W 7th, San Pedro, CA 90731
626 W 7th, San Pedro, CA 90731
626 W 7th, San Pedro, CA 90731
626 W 7th, San Pedro, CA 90731
626 W 7th, San Pedro, CA 90731
626 W 7th, San Pedro, CA 90731
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Gloria Shepard

Gloria Shepard

+1(619) 889-8498
$ 1,695,000
Est. payment | /mo

2 Beds

3 Baths

5,001 Sqft Lot

Save
$ 1,695,000
Est. payment | /mo
Save

2 Beds

3 Baths

5,001 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26029816

Bedrooms 2

Lot Size 5,001 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North Side of 7th St, just East of Gaffey

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7451036019

MLS Router / San Diego MLS
Listed by Anthony Walker, DRE#01908153 Buckingham Investments, Inc 

NEARBY SCHOOL & BUSINESS

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Gloria Shepard

Gloria Shepard

CA DRE #01040966

+1(619) 889-8498

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