951 W 26th, San Pedro, CA 90731

$7,300,000
9
BD
7
BA

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List Price
$7,300,000
Status
ACTIVE
MLS#
PW26219182
Bedrooms
9
Bathrooms
7
Lot Size(apprx.)
20,978
Property Type
Multifamily

Property Description

Offered for the first time since it was built, El Prado is a 26-unit building in San Pedros Palisades neighborhood, bordering Vista Del Oro. Built in 1974 and cared for by the original developer, the property has quality construction, an elevator, a common sun deck, 36 secured parking spaces, private storage, bike storage and an owned laundry room. Every unit has a private balcony, many with views of Catalina and Miraleste Hill, and the SB 721 balcony work is complete. The mix includes (16) 1/1, (5) 2/1, (2) 2/2, (2) 3/2 and (1) 2/1.5 townhome on a 20,974 SF lot. Rents are well below market, with one-bedrooms averaging $1,522 vs. $2,524 for nearby comps. Former owner-used garages and storage offer ADU potential. Not flagged by LADBS as a soft-story building. About 3 minutes from the Stairway to the Ocean, beach and tide pools. Offered for the first time since it was built, El Prado is a 26-unit building in San Pedros Palisades neighborhood, bordering Vista Del Oro. Built in 1974 and cared for by the original developer, the property has quality construction, an elevator, a common sun deck, 36 secured parking spaces, private storage, bike storage and an owned laundry room. Every unit has a private balcony, many with views of Catalina and Miraleste Hill, and the SB 721 balcony work is complete. The mix includes (16) 1/1, (5) 2/1, (2) 2/2, (2) 3/2 and (1) 2/1.5 townhome on a 20,974 SF lot. Rents are well below market, with one-bedrooms averaging $1,522 vs. $2,524 for nearby comps. Former owner-used garages and storage offer ADU potential. Not flagged by LADBS as a soft-story building. About 3 minutes from the Stairway to the Ocean, beach and tide pools.

Additional Information

Lot Size
20,978
Tenant Pays
Electricity

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Listing courtesy of Listing Agent: Shane Young (562-556-1118) from Listing Office: Younglewin Advisors, Inc..

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