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Ruby Raymond

homes@raymondteamre.com +1(805) 201-6341

$ 1,300,000

Est. payment | -/mo

8 Beds

4 Baths

3,672 SqFt

Save

$ 1,300,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,672 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $354

MLS Listing ID 26870919

Bedrooms 8

Construction Status Updated/Remodeled,Repairs Major

HOA Y/N No

Year Built 1957

Lot Size 6,094 Sqft

Property Description

We are pleased to present the exclusive offering of 2404 S Carolina St, a well-maintained coastal multifamily investment located in the desirable San Pedro submarket. This exceptional asset represents an attractive opportunity to acquire a 4-unit apartment community in one of Southern California's established coastal rental markets. Originally constructed in 1957, the property consists of approximately 3,672 rentable square feet situated on a 6,092 square foot lot. Residents enjoy ocean views from the property, further enhancing its desirability and tenant appeal. Ideally situated in the Point Fermin neighborhood, the property is near the San Pedro waterfront, Cabrillo Beach, Point Fermin, West Harbor, and a variety of restaurants, retail, and entertainment destinations, offering residents a desirable coastal lifestyle with convenient access to the broader South Bay and Los Angeles markets. Additional amenities include in-unit washers and dryers, four covered parking spaces, and a shared outdoor patio. The property has also benefited from significant recent capital improvements, including a completely repaired foundation, new PEX plumbing throughout the building, five new electrical panels, new exterior paint, and extended gutters. Both upstairs units have been fully renovated, providing a strong foundation for continued property performance. The property is currently operating at a 6.23% capitalization rate and an 11.63 GRM, offering investors an attractive combination of current cash flow and future upside. Additional value-add potential can be realized through renovations to the downstairs units and strategic rent increases, allowing a new owner to enhance rental income and overall property performance. Potential ADU development may provide additional upside, subject to applicable zoning and permitting requirements. Buyer to verify all ADU development potential, requirements, and feasibility. Offered at $1,300,000, 2404 S Carolina St provides investors with an opportunity to acquire a well-maintained coastal multifamily asset at an attractive basis, with a combination of current income, recent capital improvements, and future value-add potential. The property's desirable San Pedro location, ocean views, parking, in-unit laundry, and proximity to ongoing waterfront revitalization position it as an attractive investment opportunity with potential for long-term income growth and appreciation.

Location

State CA

County Los Angeles

Area 181 - Point Fermin

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Stacked

Exterior

Parking Features Covered, Detached Carport, Driveway

View Y/N Yes

View Coastline, Ocean

Porch Open, Patio

Total Parking Spaces 4

Building

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Repairs Major

Others

Senior Community No

Tax ID 7465010031

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by John Katnik BRC Advisors- BH #02002695

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

2404 S Carolina ST San Pedro, CA 90731

Ruby Raymond

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

REVIEWS

MORTGAGE CALCULATOR

How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

Proven Systems

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