Each office independently owned and operated

8 Unit Multifamily Apartment Investment786 West 5th Street | San Pedro, CA 90731

STEPHEN LAMPEExecutive Vice President(310) 802-2501slampe@remaxcir.comBRE #01164364

8 units with 1920's charm on a large corner lot➢

Well located just one block from Starbucks, McDonald's, Rite Aid, andBig 5 Sporting Goods

➢

Significant upside in rental income upon tenants vacating units / Mostunits have rents 50% below market

➢

Excellent unit mix of 1 and 2 bedroom units / Low price per unit➢

Additional income potential from renting vacant garages➢

RE/MAX COMMERCIAL & INVESTMENT REALTY450 Silver Spur RoadRancho Palos Verdes, CA 90275(310) 802-2500www.remaxcir.com

PROPERTY DESCRIPTION786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Offering SummaryExcellent  Unit  Mix  of  Three  2­Bedroom  and  Five  1­Bedroom  apartments  in  this  charming  1920's  apartmentcomplex comprised of 3 buildings. Rents are as much as 50% below market! Situated on a large 10,000 sq. ft.double corner lot. Fantastic Upside Potential in rental income. Great location West of Gaffey and just one blockwalking distance to Starbucks, Rite­Aid, Big 5 and several national fast food restaurants. Two blocks from MaryStar of the Sea Elementary and several places of worship. 

The front building with 786­788­790­792 W 5th St was built in 1922. 790a W 5th St was added in 1924. The 3units at 424­426­428 Cabrillo were built in 1958. 

Listing agent owns a minority interest in the property.

FINANCIAL SUMMARY786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Unit Mix & Monthly Scheduled Income

  Type Units Actual Total Market Total

  1 Bedroom 1 Bath 1 $770 $770 $770 $770

  1 Bedroom 1 Bath 1 $738 $738 $738 $738

  2 Bedroom 1 Bath 1 $1,013 $1,013 $1,013 $1,013

  1 Bedroom 1 Bath 1 $788 $788 $788 $788

  1 Bedroom 1 Bath 1 $737 $737 $737 $737

  1 Bedroom 1 Bath 1 $716 $716 $716 $716

  2 Bedroom 1 Bath 1 $1,797 $1,797 $1,797 $1,797

  2 Bedroom 1 Bath 1 $947 $947 $947 $947

  Totals 8 $7,505 $7,505

Annualized Income

  Description Actual Market

  Gross Potential Rent $90,062 $90,062

   ­ Less: Vacancy $0 ($1,801)

   + Misc. Income $0 $5,400

  Effective Gross Income $90,062 $93,661

   ­ Less: Expenses ($33,784) ($33,784)

  Net Operating Income $56,278 $59,876

Annualized Expenses

  Description Actual Market

  Property Tax (New 1.174%) $15,027 $15,027

  Building Insurance $2,175 $2,175

  Utilities $8,537 $8,537

  Maintenance & Repairs ­ Estimated $6,000 $6,000

  Supplies $1,345 $1,345

  Legal/Adminstrative $700 $700

  Total Expenses $33,784 $33,784

  Expenses Per RSF $6.29 $6.29

  Expenses Per Unit $4,223 $4,223

Investment Summary

Price $1,280,000

Year Built 1958

Units 8

Price/Unit $160,000

RSF 5,375

Price/RSF $238.14

Lot Size 10,002 sf

Floors 2

APN 7451­025­013

Cap Rate 4.4%

Market Cap Rate 4.68%

GRM 14.21

Market GRM 13.41

RENT ROLL786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Unit Type Rent Proforma Year Built

786 5th 1 Bed / 1 Bath $769.83 $769.83 1922

788 5th 1 Bed / 1 Bath $737.58 $737.58 1922

790 5th 2 Bed / 1 Bath $1,012.95 $1,012.95 1922

790a 5th 1 Bed / 1 Bath $787.84 $787.84 1924

792 5th 1 Bed / 1 Bath $736.50 $736.50 1922

424 Cabrillo 1 Bed / 1 Bath $715.72 $715.72 1958

426 Cabrillo 2 Bed / 1 Bath $1,797.35 $1,797.35 1958

428 Cabrillo 2 Bed / 1 Bath $947.39 $947.39 1958

Garage Income* $0 $450

TOTAL: $7,505.16 $7,955.16

* Garage Income is based on renting all 6 of the garages on the property at a rate of $75 per month.

RENT SURVEY786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Address Beds Baths Rent615-619 S Centre St 0 1 $954441 W 3rd St 0 1 $1,450 Median $1,450255 W 7th St 0 1 $1,900

Average: $1,435

2005 S Patton Ave 1 1 $1,150975 W 2nd St 1 1 $1,2951012 W 18th St 1 1 $1,425966 W 11th St 1 1 $1,4951107 W 9th St 1 1 $1,4953700 S Pacific Ave 1 1 $1,500788 W 19th St 1 1 $1,500 Median $1,500514 W 26th St 1 1 $1,6253706 S Averill Ave 1 1 $1,7001120 S Patton Ave 1 1 $1,8503825 Bluff Pl 1 1 $1,860923 S Leland St 1 1 $1,995

Average: $1,574

431 W 16th St 2 1 $1,700551 W MacArthur Ave 2 2 $1,8502610 S Alma St 2 1 $1,850222 S Cabrillo Ave 2 1 $1,970957 W 8th St 2 2 $1,995247 W Oliver St 2 1 $2,0502905 S Cabrillo Ave 2 1 $2,063 Median $2,063921 S Leland St 2 1 $2,095760 W 27th St 2 1 $2,195926 W 29th Pl 2 1 $2,200687 W 11th St 2 1 $2,2501385 W 13th St 2 1 $2,495

Average: $2,059

PROPERTY PHOTOS786 West 5th Street | San Pedro, CA 90731

PROPERTY PHOTOS786 West 5th Street | San Pedro, CA 90731

PROPERTY PHOTOS786 West 5th Street | San Pedro, CA 90731

SALE COMPARABLES786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Subject 1 2 3 4 5 6 7 8 9

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

Avg.

4.684

Cap Rate

Subject 1 2 3 4 5 6 7 8 9

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

Avg.

13.578

Gross Rent Multiplier

SALE COMPARABLES786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Subject 1 2 3 4 5 6 7 8 9

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

Avg.

$207,063

Price per Unit

Subject 1 2 3 4 5 6 7 8 9

$41

$82

$123

$164

$205

$246

$287

$328

$369

$410

Avg.

$299.64

Price per Sq. Ft.

SALE COMPARABLES786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

S

8 Unit Multifamily Apartment Investment786 West 5th Street, San Pedro, CA

Sale Price $1,280,000

Units 8

Price/Unit $160,000

Price/SqFt $238.14

Lot Size 10,002

Cap Rate 4.4%

GRM 14.21

Year Built 1958

Mix Layout

1 1 Bedroom 1 Bath

1 1 Bedroom 1 Bath

1 2 Bedroom 1 Bath

1 1 Bedroom 1 Bath

1 1 Bedroom 1 Bath

1 1 Bedroom 1 Bath

1

1027 West 7th Street, San Pedro, CA

Sale Price $1,625,000

Units 8

Price/Unit $203,125

Price/SqFt $352.65

Lot Size 18,143

Cap Rate 3.73%

GRM 16.3

Year Built 1944

Sale Date 7/21/2020

Days­On­Mkt 62

Mix Layout

8 1 Bedroom / 1 Bath

2

631 West 10th Street, San Pedro, CA

Sale Price $1,115,000

Units 6

Price/Unit $185,833

Price/SqFt $254.97

Lot Size 6,752

Cap Rate 5.36%

GRM 13.6

Year Built 1962

Sale Date 7/10/2020

Days­On­Mkt 107

Mix Layout

2 1 Bedroom / 1 Bath

4 2 Bedroom / 1 Bath

SALE COMPARABLES786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

3

645 West 17th Street, San Pedro, CA

Sale Price $860,000

Units 5

Price/Unit $172,000

Price/SqFt $310.69

Lot Size 4,999

Cap Rate 4.12%

GRM 14.2

Year Built 1925

Sale Date 6/18/2020

Mix Layout

5 1 Bedroom / 1 Bath

4

1129­1135 West 10th Street, San Pedro, CA

Sale Price $1,927,500

Units 8

Price/Unit $240,938

Price/SqFt $278.94

Lot Size 8,276

Cap Rate 5.26%

GRM 12.9

Year Built 1923

Sale Date 4/24/2020

Mix Layout

8 2 Bedroom / 1 Bath

5

2115 South Gaffey Street, San Pedro, CA

Sale Price $1,125,000

Units 6

Price/Unit $187,500

Price/SqFt $400.64

Lot Size 5,663

Cap Rate 4.77%

GRM 13.4

Year Built 1929

Sale Date 4/30/2020

Days­On­Mkt 125

Mix Layout

6 1 Bedroom / 1 Bath

SALE COMPARABLES786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

6

576 West 13th Street, San Pedro, CA

Sale Price $1,425,000

Units 6

Price/Unit $237,500

Price/SqFt $305.53

Lot Size 5,001

Cap Rate 4.82%

GRM 13.5

Year Built 1959

Sale Date 3/31/2020

Days­On­Mkt 1

Mix Layout

6 2 Bedroom / 1 Bath

7

1020 West 13th Street, San Pedro, CA

Sale Price $1,200,000

Units 5

Price/Unit $240,000

Price/SqFt $246.41

Lot Size 6,055

Cap Rate 4.0%

GRM 13.1

Year Built 1969

Sale Date 3/31/2020

Mix Layout

5 2 Bedroom / 1 Bath

8

252 West 11th Street, San Pedro, CA

Asking Price $1,025,000

Units 5

Price/Unit $205,000

Price/SqFt $316.94

Lot Size 6,970

Cap Rate 5.7%

GRM 12.4

Year Built 1914

Sale Date On Market

Days­On­Mkt 52

Mix Layout

3 Studio/Efficiency

1 2 Bedroom / 1 Bath

1 3 Bedroom / 1 Bath

SALE COMPARABLES786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

9

522 North Centre Street, San Pedro, CA

Asking Price $1,150,000

Units 6

Price/Unit $191,667

Price/SqFt $230.00

Lot Size 5,001

Cap Rate 4.4%

GRM 12.8

Year Built 1924

Sale Date On Market

Days­On­Mkt 15

Mix Layout

6 1 Bedroom / 1 Bath

SALE COMPARABLES786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

S 786 West 5th StreetSan Pedro, CA, 90731$1,280,000

1 1027 West 7th StreetSan Pedro, CA, 90731$1,625,000

2 631 West 10th StreetSan Pedro, CA, 90731$1,115,000

3 645 West 17th StreetSan Pedro, CA, 90731$860,000

4 1129­1135 West 10th StreetSan Pedro, CA, 90731$1,927,500

5 2115 South Gaffey StreetSan Pedro, CA, 90731$1,125,000

6 576 West 13th StreetSan Pedro, CA, 90731$1,425,000

7 1020 West 13th StreetSan Pedro, CA, 90731$1,200,000

8 252 West 11th StreetSan Pedro, CA, 90731$1,025,000

9 522 North Centre StreetSan Pedro, CA, 90731$1,150,000

AERIAL MAP786 West 5th Street | San Pedro, CA 90731

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliablebut not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

LOCATION MAP786 West 5th Street | San Pedro, CA 90731

REGIONAL MAP786 West 5th Street | San Pedro, CA 90731

DETAILED DEMOGRAPHICS786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Population 1 Mile 3 Miles 5 Miles

Male 23,735 53,302 114,871

Female 23,076 54,411 116,616

Total Population 46,811 107,713 231,487

Housing 1 Mile 3 Miles 5 Miles

Total Units 18,426 43,624 86,331

Occupied 17,107 40,651 81,506

Owner Occupied 5,346 19,957 43,049

Renter Occupied 11,761 20,694 38,457

Vacant 1,319 2,973 4,825

Race 1 Mile 3 Miles 5 Miles

White 25,759 67,689 128,471

Black 2,588 4,675 9,685

Am In/AK Nat 147 215 423

Hawaiian 25 92 442

Hispanic 30,822 53,159 122,369

Multi­Racial 33,924 59,128 140,340

DETAILED DEMOGRAPHICS786 West 5th Street | San Pedro, CA 90731

The accuracy of all  information, regardless of source,  including but not  limited to square footagesand  lot  sizes,  is  deemed  reliable  but  not  guaranteed  and  should  be  personally  verified  throughpersonal inspection by and/or with the appropriate professionals.

Age 1 Mile 3 Miles 5 Miles

Ages 0­4 2,946 6,055 13,400

Ages 5­9 3,517 7,432 16,334

Ages 10­14 3,200 7,008 15,424

Ages 15­19 3,115 6,969 15,332

Ages 20­24 3,282 7,108 15,857

Ages 25­29 3,388 6,995 15,607

Ages 30­34 3,361 6,723 15,023

Ages 35­39 3,334 6,747 14,856

Ages 40­44 3,367 7,098 15,269

Ages 45­49 3,448 7,607 15,889

Ages 50­54 3,192 7,481 15,541

Ages 55­59 2,815 7,028 14,571

Ages 60­64 2,297 6,158 12,839

Ages 65­69 1,768 5,064 10,593

Ages 70­74 1,295 3,985 8,308

Ages 74­79 933 3,044 6,235

Ages 80­84 578 2,076 4,182

Ages 85+ 975 3,135 6,227

Income 1 Mile 3 Miles 5 Miles

Median $44,616 $66,964 $57,989

< $10,000 1,270 1,941 3,836

$10,000­$14,999 1,802 2,773 4,802

$15,000­$19,999 1,274 2,235 3,979

$20,000­$24,999 1,126 2,030 3,990

$25,000­$29,999 1,143 1,948 4,093

$30,000­$34,999 1,048 1,827 3,801

$35,000­$39,999 752 1,588 3,532

$40,000­$44,999 625 1,388 3,148

$45,000­$49,999 666 1,432 2,789

$50,000­$60,000 1,677 2,970 5,858

$60,000­$74,000 1,225 3,193 7,525

$75,000­$99,999 1,689 5,109 10,052

$10,0000­$124,999 1,136 3,559 7,001

$125,000­$149,999 413 2,264 4,743

$150,000­$199,999 485 2,478 4,874

> $200,000 332 2,667 5,583