$2,825,000

1134 W 22nd Street

San Pedro, CA 90731

Team Member Representing this Property

Vanessa Joeckel

Buyer's Agent

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Property Description

1134 West 22nd Street is a 12-unit apartment building in San Pedro, California located just steps from Leland Elementary School. This offering presents an excellent opportunity to renovate and reposition an asset with a desirable unit mix in a redeveloping coastal market and capture over 45 percent rental upside. The asset is a 1972 construction with seven two-bedroom/one-bath and five one-bedroom/one-bath units that are separately metered for gas and electricity. The property has copper plumbing and also offers on-site laundry, 20 parking spaces, and balconies for 11 of the 12 units. Substantial recent improvements include $24,000 spent on extensive roof work with top-of-the-line elastomeric roof coating on the entire roof and $9,000 spent on a new garage gate opener and equipment upgrades. Furthermore, the building has been inspected and determined to be exempt from the city’s soft retrofit requirement (buyer to verify).

Property Details & Features

Year Built
  • 1972
Lot Size SqFt
  • 10806

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Contact Details

Telephone:

(310) 994-2734

Address:

22519 Hawthorne Blvd. Suite #102, Torrance, CA 90505