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4 HUGE UNITS - CONDO SIZE AND QUALITY 760 W Hamilton Ave 4 Unit Apartment Building $1,900,000 ($475,000/Unit) 3.67% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- Huge units - Condo size and quality built in 1990at a low price per SF
- Not subject to City of Los Angeles RSO (Rent Stabilization Ordinance)
- Potential for condo conversion - Buyer to verify with City of Los Angeles Planning & Zoning
- Views of water & harbor from most units
- Secure gated parking garage with 10 designated spaces - Each tenant also benefits from a private storage closet within the garage
EXECUTIVE SUMMARY
Built in 1990, this property features spacious, condo-quality units at an exceptional price per square foot. Many units offer stunning water and harbor views, adding to their appeal. The building is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), providing flexibility for potential investors. A secure gated parking garage includes 10 designated spaces, with each tenant benefiting from a private storage closet. Additionally, the property presents a promising opportunity for condo conversion, subject to verification with the City of Los Angeles Planning & Zoning.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$124,668
|
$18.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,740
|
$0.57
|
| Effective Gross Income |
$120,928
|
$18.31
|
| Taxes |
$22,781
|
$3.45
|
| Operating Expenses |
$28,352
|
$4.29
|
| Total Expenses |
$51,133
|
$7.74
|
| Net Operating Income |
$69,795
|
$10.57
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $124,668 |
| Annual Per SF | $18.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,740 |
| Annual Per SF | $0.57 |
| Effective Gross Income | |
|---|---|
| Annual | $120,928 |
| Annual Per SF | $18.31 |
| Taxes | |
|---|---|
| Annual | $22,781 |
| Annual Per SF | $3.45 |
| Operating Expenses | |
|---|---|
| Annual | $28,352 |
| Annual Per SF | $4.29 |
| Total Expenses | |
|---|---|
| Annual | $51,133 |
| Annual Per SF | $7.74 |
| Net Operating Income | |
|---|---|
| Annual | $69,795 |
| Annual Per SF | $10.57 |
PROPERTY FACTS
| Price | $1,900,000 | Apartment Style | Garden |
| Price Per Unit | $475,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 6,604 SF |
| Cap Rate | 3.67% | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.24 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1990 |
| Property Type | Multifamily | Parking Ratio | 1.51/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,900,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 3.67% |
| Gross Rent Multiplier | 15.24 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.14 AC |
| Building Size | 6,604 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.51/1,000 SF |
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $3,625 | - |
| 2+2.5 | 1 | $2,800 | - |
| 2+2 | 2 | $2,416 | - |
PROPERTY TAXES
| Parcel Number | 7463-012-052 | Total Assessment | $1,013,583 |
| Land Assessment | $195,231 | Annual Taxes | $22,781 ($3.45/SF) |
| Improvements Assessment | $818,352 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7463-012-052
Land Assessment
$195,231
Improvements Assessment
$818,352
Total Assessment
$1,013,583
Annual Taxes
$22,781 ($3.45/SF)
Tax Year
2024
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