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Key Details
Sold Price $1,730,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24085299
Sold Date 05/31/24
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Exchange
Property Type Res Income 2-4 Units
Property Description
The Marina Manor Apartments, located at 707 West 30th Street in San Pedro, are available for sale for the first time in nearly 40 years. This 7-unit property is located in the sought-after Point Fermin/Palisades area of San Pedro, close to the waterfront redevelopment and Marina. The 4,906 square foot building shows well with terrific ocean views and airy, sunny units. The units are a mix of (5) Two Bedroom units, (1) One bedroom unit, and (1) Studio, each individually metered for gas and electricity. There are six garage parking spaces (two additional if tandem parking) as well as onsite laundry for tenant convenience. There is almost 50% rental upside for a new owner, as well as additional upside potential in renting out the garage spaces! Each unit has either a balcony or small patio to enjoy the sea breeze, and the building was repainted just last year! The immediate area is flush 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!
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Corner of 30th and Peck Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Bought with Peter Hazdovac HH Coastal Real Estate
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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