An almost 6.5% cap opportunity along PCH (Hwy 1). Desirable accessibility for the tenants and excellent visibility for the retailers, in this location. The subject property is made up of 7 apartment units and retail/office in some of the ground floor space. The units are all separately-metered and the apartment tenants have carport parking in the rear. A strong play for an investor at $120K/unit and a 6.37% cap rate. Aka 25737 Belle Porte Ave.
Sold as part of a 2 building portfolio or can be sold separately. 581 Bonita St in San Pedro is the other building in the portfolio. A 4 unit asset (all 2 Bd units) on an attractive residential street in gentrifying San Pedro.
At the corner of Pacific Coast Highway and Belle Porte Ave. This South Bay city sits at the base of beautiful Palos Verdes and is sandwiched between Torrance and the 110 Fwy. The adjacent city of Torrance is a hub of jobs: Exxon/Mobil, Dow Chemical, Toyota, Honda and Lexus. The other border of Harbor City is the 110 Fwy...providing easy access to the Port of LA to the South and Greater LA to the North.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.