The multifamily property located at 301 South Cabrillo Avenue in San Pedro spans 0.29 acres and was sold for $2,070,000. This property features 8,596 square feet of space, with a price per square foot of $241, offering panoramic ocean views and spacious 1-bedroom units. Additional amenities include laundry rooms, storage areas, and private balconies, providing flexibility in financing and significant upside potential in rental income.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,070,000
• Market: San Pedro
• Address: 301 South Cabrillo Avenue
• Broker: Olga Wright - Lyon Stahl Investment Real Estate
• SF: 8,596
• PPSF: $241

The sale was facilitated by Olga Wright of Lyon Stahl Investment Real Estate. The property not only offers a prime location above Gaffey but also presents an attractive investment opportunity due to its unique features such as the stunning ocean views and the amenities provided within the units.