2115 S Gaffey Street

San Pedro, CA 90731

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,146 Sqft
  • 5851
    Sqft(Lot)
$1,400,000

Description

7 units total on gaffey just south of 21st st in the vista del oro neighborhood of san pedro. the 6 unit original 1929 apartment building, all 1 bedroom-1 bathrooms includes 2,808 sqft of living space, and the new studio adu first rented out in july of 2024 is 338 sqft. the 5,851 sqft lot spans from gaffey to a rear alley and there are 4 single car garages with alley access. the building is well priced on current income at 11.4x grm, with ~20% upside in rents, to a market grm of 9.4x. the current cap rate is 5.1% with upside to 6.7%. there are two duplexes up front, with two additional units above the rear garages and adu, for a total of 3 separate buildings. the two larger 1 bed units above the garages have harbor views. the units are separately metered for gas and electricity.



the property is located 1 mile from cabrillo beach, 1/2 mile from the cabrillo way marina and the $170-million west harbor ongoing development of restaurants, shops, and brand new amphitheater. the building is also conveniently less than 2 miles from the 110 freeway offering timely access to all that the rest of los angeles has to offer. per costar 55% of the households within 5 miles are renters, and the average household income within 5 miles is $108,000.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Bungalow

  • AD ID

    49085498

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat
    • Property Appliances: Gas Oven,Gas Range
    • Fireplace: None
    • Flooring: Tile,Vinyl,Wood

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Heat Pump,Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1929
    • Building Area Total: 3,146
    • Construction: Stucco
    • Roof: Flat

    Foundation

    • Raised

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • None

    Fencing

    • Block

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1343
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5851

  • Listing Price Information

    • Original List Price: 1,400,000
    • Listing Contract Date: 2025-03-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7462028025

  • Garage and Parking

    • Garage Description: Garage Faces Rear

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 183 - Vista Del Oro
    • Postal Code Plus 4: 5831
    • Directions: West Side of Gaffey, just South of 21st St.
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: 183 - Vista Del Oro
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 96
    • Common Walls: 2+ Common Walls
    • Property Condition: Additions/Alterations,Updated/Remodeled
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/05/2025 @ 01:35

  • MLS: SB25064344
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,146 sqft, 5,851 sized lot, and 4 parking. are nearby neighborhoods.