929 S Alma St
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929 S Alma St
6 Unit Apartment Building $2,275,000 ($379,167/Unit) 5.29% Cap Rate San Pedro, CA 90731
Investment Highlights
- NO LOS ANGELES CITY RENT CONTROL, CLEAN WELL MAINTAINED BUILDING
Executive Summary
NO LOS ANGELES CITY RENT CONTROL. GREAT MONTHLY INCOME. WITH MORE ROOM LEFT IN THE RENTS FOR FUTURE INCREASE. WELL MAINTAINED , CLEAN, EXTRA LARGE, NEWER 6 UNIT BUILDING LOCATED IN SAN PEDRO'S BEST VISTA DEL ORO NEIGHBORHOOD 3 BLOCKS WEST OF GAFFEY STREET. 2 LARGE 3 BEDROOM 2 BATH UNITS WITH PRIVATE BALCONIES AND FIREPLACES. 2 OF 4 TWO BEDROOM APARTMENTS HAVE 2 BATHS. 10 COVERED PARKING SPACES UNDER THE BUILDING. PER LA CITY SEISMIC LIST, THIS BUILDING DOES NOT NEED TO BE RETROFITTED. COMMUNITY LAUNDRY FOR ADDITIONAL INCOME. GREAT 5.29 CAP RATE CASH ON CASH RETURN. 13.6 GRM. CURRENTLY THERE ARE 2 TOTALLY REMODELED VACANT UNITS. NEW BUYER WILL BE ABLE TO CHOOSE THERE OWN TENANTS. PRICED FOR IMMEDIATE SALE.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$167,004
|
$25.88
|
| Other Income |
$100
|
$0.02
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,104
|
$25.90
|
| Taxes |
$28,437
|
$4.41
|
| Operating Expenses |
$18,215
|
$2.82
|
| Total Expenses |
$46,652
|
$7.23
|
| Net Operating Income |
$120,452
|
$18.67
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $167,004 |
| Annual Per SF | $25.88 |
| Other Income | |
|---|---|
| Annual | $100 |
| Annual Per SF | $0.02 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $167,104 |
| Annual Per SF | $25.90 |
| Taxes | |
|---|---|
| Annual | $28,437 |
| Annual Per SF | $4.41 |
| Operating Expenses | |
|---|---|
| Annual | $18,215 |
| Annual Per SF | $2.82 |
| Total Expenses | |
|---|---|
| Annual | $46,652 |
| Annual Per SF | $7.23 |
| Net Operating Income | |
|---|---|
| Annual | $120,452 |
| Annual Per SF | $18.67 |
Property Facts
| Price | $2,275,000 | Apartment Style | Low Rise |
| Price Per Unit | $379,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.29% | Building Size | 6,452 SF |
| Gross Rent Multiplier | 13.6 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,275,000 |
| Price Per Unit | $379,167 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| Gross Rent Multiplier | 13.6 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,452 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.55/1,000 SF |
Unit Amenities
- Balcony
- Fireplace
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,642 | 1,200 |
| 2+2 | 2 | $2,260 | 900 |
| 2+1 | 2 | $2,180 | - |
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Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 7458-008-021 | Total Assessment | $851,942 |
| Land Assessment | $425,971 | Annual Taxes | $28,437 ($4.41/SF) |
| Improvements Assessment | $425,971 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
7458-008-021
Land Assessment
$425,971
Improvements Assessment
$425,971
Total Assessment
$851,942
Annual Taxes
$28,437 ($4.41/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | R4-1, Los Angeles |
| R4-1, Los Angeles |
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929 S Alma St
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