Property Details
About this Property
7 units total on Gaffey just South of 21st st in the Vista Del Oro neighborhood of San Pedro. The 6 unit original 1929 apartment building, all 1 bedroom-1 bathrooms includes 2,808 sqft of living space, and the new studio ADU first rented out in July of 2024 is 338 sqft. The 5,851 sqft lot spans from Gaffey to a rear alley and there are 4 single car garages with alley access. The building is well priced on current income at 11.4X GRM, with ~20% upside in rents, to a market GRM of 9.4X. The current cap rate is 5.1% with upside to 6.7%. There are two duplexes up front, with two additional units above the rear garages and ADU, for a total of 3 separate buildings. The two larger 1 bed units above the garages have harbor views. The units are separately metered for gas and electricity. The property is located 1 mile from Cabrillo Beach, 1/2 mile from the Cabrillo way Marina and the $170-million West Harbor ongoing development of restaurants, shops, and brand new amphitheater. The building is also conveniently less than 2 miles from the 110 freeway offering timely access to all that the rest of Los Angeles has to offer. Per Costar 55% of the households within 5 miles are Renters, and the average household income within 5 miles is $108,000.
MLS Listing Information
MLS #
CRSB25064344
MLS Source
California Regional MLS
Days on Site
23
Interior Features
Appliances
Oven - Gas, Oven Range - Gas
Laundry
None
Cooling
None
Heating
Heat Pump, Wall Furnace
Exterior Features
Roof
Flat
Foundation
Raised
Style
Bungalow
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
School Ratings
Nearby Schools
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2115 S Gaffey St is a Residential Income in San Pedro, CA 90731. This – square foot property sits on a 5,851 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,400,000 and was built in 1929. This address can also be written as 2115 S Gaffey St, San Pedro, CA 90731.
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This listing information is up-to-date as of March 26, 2025. For the most current information, please contact Josh Ess, (310) 982-7055
