2505 2509 S Denison Avenue San Pedro, CA ^$ 2,750,000

2505 2509 S Denison Avenue

^$ 2,750,000

Back to search

2505 2509 S Denison Avenue

San Pedro, CA, 90731

^$ 2,750,000

Bedrooms12 Baths2.0 Sq 6,774

Monthly Estimate*

^$ 18,277

Listed by Keller Williams Beach Cities

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 1

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 2

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 3

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 4

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 5

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 6

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 7

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 8

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 9

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 10

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 11

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 12

2505 2509 S Denison Avenue, San Pedro, CA 90731 - Image 13

Multi-Family Home for sale in San Pedro, CA

for $2,750,000 with 12 bedrooms and 2 full baths. This 6,774 square foot home was built in 1958 on a lot size of 0.1241.

2505-2509 South Denison Avenue features 14 units with a mix of (12) 1 Bed/1 Baths and (2) Studios, with projected rental upside of approximately 15% +/-. Located in the Point Fermin neighborhood, the property is on a nice, quiet street, close to Cabrillo Beach and the Marina! The property is comprised of two separate buildings on a large 11,286 square foot lot. The units are individually metered for electricity and master metered for gas. There is onsite laundry available for tenants (owned) as well as ample parking. The immediate area is flush with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!

Multi-Family Active

Price

^$ 2,750,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1241

Year Built

1958

Town/City

San Pedro

County/Region

Los Angeles

MLS | Web ID

SB24091654

Days on Market

Features

General

Sewer PublicSewer

Zoning LARD1.5

Garage Spaces 0.0

Pool Features None

Year Built 1958

Stories 2

Levels Two

Property SubType Apartment

Gross Income 244900.0

Community Features Sidewalks

Additional Parcels Description 7465010012

County Los Angeles

Net Operating Income 145418.0

Operating Expense 94654.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Contact Josh Cohen for more information including a full offering memandum with income and expense information. 310-480-2130. Two units vacant individually metered for electricity master metered for

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Near 26th and Pacific

City San Pedro

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 14

MLS Area 181 - Point Fermin

Lot Size Square Feet 5406.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Denison

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 3

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 17

Property Sub Type Additional Apartment

Cap Rate 5.29

Exterior

Lot Features StreetLevel

Water Source Public

Total Parking 0.0

Lot Size Area 5406.0

Number of Buildings 2

Spa N

Building Area Total 6774.0

Lot Size Acres 0.1241

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 2

Number of Separate Gas Meters 2

Number of Separate Electric Meters 16

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 2505

* Excluded Features

List By

Keller Williams Beach Cities

Broker

(310) 480-2130

Phone

Affordability Calculator

$18,277

Per Month

Monthly Principal & Interest: $18,277
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in San Pedro, CA

Average List Price ^$1,157,952

Percent of Sale Price 58%

About San Pedro, CA

81,366 Population

0% Since 2002

^$0 Median Income

0 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/7/2024	$2,750,000		Listed Price

Map

More homes like this one

homes for you

See all

2505 2509 S Denison Avenue, San Pedro, CA, 90731 is a Multi-Family Home for sale at $2,750,000 with 6,774 sqft and a lot size of 0.1241. 2505 2509 S Denison Avenue has 12 bedrooms, 2.0 baths, and was built in 1958. The property's zip code is 90731 which is in San Pedro, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

2505 2509 S Denison Avenue

Multi-Family Home for sale in San Pedro, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home