543 Santa Cruz St Los Angeles, CA 90731
- Commercial real estate
- 4,999 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 543 Santa Cruz St
- Year built
- 1989
- Lot size
- 0.11 lot acres
- Property size
- 4,999 SF
- Property type
- Commercial real estate
- APN
- 7451-007-024
Description
This exceptional two-unit apartment building, located at 543 W Santa Cruz St, San Pedro, CA 90731, presents a compelling investment opportunity. The property boasts a total of 4,999 square feet on a 0.11-acre lot, featuring a charming duplex design. Built in 1989, this Class B multifamily property offers a strong 5.32% cap rate with a Net Operating Income (NOI) of $58,500, and an asking price of $1,100,000. The main unit, spanning 1,806 square feet, includes four bedrooms, three bathrooms, an in-unit laundry area, a kitchen, and an upstairs balcony offering coastal views. The second unit, at 956 square feet, features two bedrooms, two bathrooms, a spacious living room, dining area, and a large kitchen. Both units benefit from recently refinished wood floors and newer carpeting, and the main unit has recently been painted. The bathrooms throughout have been updated. The property also includes a welcoming courtyard with fruit trees (lime, guava, orange, and a hybrid apple), a generous storage room (potentially usable as a gym), two deep-set garages with tandem parking, and a carport. The property's parking ratio is 1.2 spaces per 1,000 square feet. This property is zoned for multifamily use (permitted zoning: x) and is situated in a vibrant, growing area of Los Angeles County, poised for significant development, offering excellent long-term investment potential. The exterior has been recently painted.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2888704
- Latitude
- 33.74403
