Investor · Los Angeles, CA · Member since 2013 · 18 posts · 6 votes
High demand rental area with current GSI of $59,184 and lots of upside! This fourplex is located blocks away from Downtown San Pedro and minutes from the Ports of Los Angeles and Long Beach. There is a lot of investment and redevelopment occurring in the area-- most notable is the $100-million Ports O' Call redevelopment project in San Pedro located blocks away, which is anticipated to further increase renter demand.
All four units are occupied and consist of 2-bedrooms/1-bathroom. Three of the four units have been completely renovated with granite counter tops, new cabinets, and laminate flooring throughout. All units have interior washer/dryer hookups and there are 10 open tandem parking spaces in the rear parking lot.
GSI- $59,184
NOI- $40,463
GRM- 13.5
ACTUAL CAP RATE - 5.06% (based on current rent)
PRO-FORMA CAP RATE - 5.74% (based on market rents)
Professional · Roseville, CA · Member since 2017 · 174 posts · 31 votes
9y
Dear James.
I wanted to reach out to you to let you know that when the time comes and this offerings buyer needs financing we'd like to offer you our services. My name is Melissa McGuire I'm with Vanderbilt
Commercial Lending Inc. We represent a group of high end investor whose focus is multifamily offerings. Please contact me at the email below if we can be of any service with this or any other multifamily you may have. Thank You for your time\