Listed by Shane Young, Younglewin Advisors, Inc.,

2161 W 25th Street

San Pedro, CA, 90732

$11,000,000

$333 per ft²
$11,000,000
$333 per ft²
Pending
Pending
 - For Sale
carpenters-square
33,012 ft²
property_type
Multi-family
calendar
Built 1961
A true once in a lifetime opportunity to purchase in the most exclusive submarket of San Pedro. The Dolphin Cove is a well maintained, 36 units located overlooking the Pacific Ocean, steps from Palos Verdes Golf Course. There are over 50% 2bed 2bath units with mostly ocean views. The Dolphin Cove is well amenitized with ample parking, balconies, onsite laundry, pool, BBQ & a cabana for tenants' enjoyment. It is priced to sell at only $333 per foot, and 5.34% cap rate current - 7.5% cap rate pro forma (9.7 GRM). Additionally, there is the opportunity to add another 11 ADU units onsite - no soft story retrofit required (buyer to verify/ask agent for details). This is an incredible day-one investment with incredible value added opportunity in an irreplaceable location.
MLS® ID:
PW22252148
Listed:
12/11/22
Updated:
2/4/23
Vista | Sotheby's International Realty
Gerard Bisignano

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Balcony
Laundry Description
Common Area
Fireplace
See Remarks

Exterior/Building Features

Lot Size
1.57 acres lot
Lot Details
Bluff, Front Yard, Lot Over 40000 Sqft, Landscaped, Near Public Transit, Yard
Sewer
Public Sewer

Other Property Details

Area Name
179 - South Shores
Association Amenities
Biking, Foothills, Gutter(s), Hiking
Garage
No
Parking
36
Parking Total
36.0
View
N
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Description
Private
Total Stories
2
Zoning
LARD6
Buyer Agency Compensation
0.500

Property History

Date
Event
Price
Value
1/3/23
Pending
-
-

Listed by Younglewin Advisors, Inc., Shane Young,
Listing Contact: 562-556-1118 

Based on information from California Regional Multiple Listing Service, Inc. as of 2/4/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 3:19 AM UTC, 2/4/23

Vista | Sotheby's International Realty
Gerard Bisignano
Contact