We are pleased to present our latest investment opportunity located at 2505-2509 South Denison Avenue in San Pedro. The property features 14 units with a mix of (12) 1 Bed/1 Baths and (2) Studios. This property is an investor’s dream with great cash flow upside potential. It has been professionally managed for over 20 years and has gone through many upgrades. It is priced right as well, at less than a 10 GRM and close to a 7% Cap Rate on day one! Located in the Point Fermin neighborhood, the property is on a nice, quiet street, close to Cabrillo Beach and the Marina! The property is comprised of two separate buildings on a large 11,286 square foot lot. The units are individually metered for electricity and master metered for gas (some tenants do pay RUBS as well). There is onsite laundry available for tenants (owned) as well as ample, convenient parking. The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!
MLS #
CRSB25060199
MLS Source
California Regional MLS
Days on Site
6
Garage/Parking
Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | – | – |
2505 2509 S Denison Ave is a Residential Income in San Pedro, CA 90731. This – square foot property sits on a 11,286 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,550,000 and was built in 1958.
This address can also be written as 2505 2509 S Denison Ave, San Pedro, CA 90731.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 19, 2025. For the most current information, please contact Josh Cohen, (310) 480-2130