YoungLewin Advisors, Inc. is pleased to present the unique opportunity to purchase 2214 S Leland Street in San Pedro. The offering consists of TWO buildings - an 8 unit built in the 60s & a 7 unit built in the 20s, situated on an oversized lot in a desirable rental market of San Pedro. Large units averaging 848 sqft with onsite laundry and five 2-car garages. The property has an exceptional unit mix of 53% 2 bedroom and 3 bedroom units, and has permits for a 16th Unit - a 2 bedroom ADU garage conversion. There is over 80% Upside in the NOI (not including the ADU buildout)! The property has been well maintained, is cash flowing well, and has a significant amount of upside for a savvy investor. 9.4 GRM market, 7.55% Cap Rate market without the ADU. 8.7 GRM & 8.28% Cap Rate with the ADU!
Listing Agent: Shane Young Courtesy of: Younglewin Advisors, Inc. The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 22nd March, 2023 6:10 PM (UTC)