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3647 Stephen M White Drive, San Pedro

$ 2,995,000
3647 Stephen M White Drive,
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Property Description

A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White, this property hits all the marks – great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This building has been retrofitted to meet city standards. With a gross rent multiplier of 15.8x gross and a 4% cap rate, you are getting an incredible value. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O’ Call Village.

 

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Address: 3647 Stephen M White Drive
City:
State/County:
Country: United States
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Property Id : 7673
Price: $ 2,995,000
Property Size: 7,548.00 ft2
Property Lot Size: 10,721.00 ft2
Bedrooms: 13
Bathrooms: 10
Year Built: 1958

Education

San Pedro Co-Op Nursery School
(2.23 miles)San Pedro Co-Op Nursery School
Haley Clark Dance Company
(1.92 miles)Haley Clark Dance Company
Marine Mammal Care Center Los Angeles
(0.43 miles)Marine Mammal Care Center Los Angeles
Mountain & Sea Educational Adventures
(0.34 miles)Mountain & Sea Educational Adventures
Adewole Arts
(1.1 miles)Adewole Arts

Restaurants

2800 Kitchen & Lounge
(0.52 miles)2800 Kitchen & Lounge
San Pedro Fish Market and Restaurant
(1.65 miles)San Pedro Fish Market and Restaurant
La Siciliana
(1.93 miles)La Siciliana
Raffaello Ristorante
(2.05 miles)Raffaello Ristorante
Bird Talk Chicken
(3.02 miles)Bird Talk Chicken

Shopping

The Pike Outlets
(6.45 miles)The Pike Outlets
Crafted At the Port of Los Angeles
(1.24 miles)Crafted At the Port of Los Angeles
The Grand Emporium
(1.86 miles)The Grand Emporium
Promenade on the Peninsula
(6.57 miles)Promenade on the Peninsula
Ticktocker Thrift Shop
(1.92 miles)Ticktocker Thrift Shop
$ 15,355.96
per month
  • Principal and Interest
  • Property Tax
  • HOO fees
$ 11,612.21

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