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$ 1,039,000
Est. payment | /mo
3 Beds
4 Baths
3,151 SqFt
$ 1,039,000
Est. payment | /mo
3 Beds
4 Baths
3,151 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,151 sqft
Price per Sqft $329
MLS Listing ID 26862921
Bedrooms 3
HOA Y/N No
Year Built 1912
Lot Size 5,005 Sqft
Property Description
2 of 4 UNITS DELIVERD VACANT! 372 W 11th St, a 4-unit multifamily property in the San Pedro submarket of Los Angeles. The property offers investors an excellent opportunity in a tight coastal rental market, combining immediate rental upside with substantial ADU expansion potential. The property encompasses approximately 3,151 square feet on a .11 acre lot and features a unit mix of (3) 1BR/1BA units and (1) Studio + Den/Office unit. Two of the four units are delivered vacant and fully remodeled. Ownership carries out numerous capital improvements in recent years, including a full roof and plumbing replacement. The drain line is fully updated, and water supply plumbing is approximately 90% copper, reducing near-term capital needs for a buyer. Units also have W/D hookups. The property also presents strong ADU potential (Buyer to Verify), with a preliminary site plan for 4 additional ADU units totaling approximately 2,140 square feet. This expansion would nearly double the property's footprint to 8 total units and 5,291 total square feet, offering a significant avenue for future income growth. Each existing unit includes a dedicated parking space, with a separate structure in the rear of the property. Ideally situated in the vibrant San Pedro submarket, the property benefits from proximity to the Port of Los Angeles, the revitalized downtown waterfront, and a growing corridor of retail and dining. Continued investment in waterfront amenities, along with proximity to Cabrillo Beach and Los Angeles Harbor College, supports strong and consistent rental demand from a diverse tenant base seeking coastal access at relative affordability within Los Angeles County.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LAR2
Interior
Cooling None
Fireplace No
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7456002021
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816
NEARBY SCHOOL & BUSINESS
279 e Arrow Hwy Suite 103, Dimas, CA, 91773, Unite States