Sold

2161 W 25th Street

San Pedro CA, 90732

$11,000,000


$333.21 per sqft

Sold

33,012 sqft

Condo

Built in 1961

Listed by Shane Young with Younglewin Advisors, Inc. 562-318-0215

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.

PW22252148

MLS ID

December 12, 2022

Listed

February 16, 2024

Updated

Map

2161 W 25th Street
San Pedro CA, 90732

Interior Features

Total Stories

2


Interior Features

Balcony


Laundry Description

Common Area


Fireplace

Yes


Fireplace Description

See Remarks


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.57 Acres


Lot Features

Bluff, Front Yard, Lot Over 40000 Sqft, Landscaped, Near Public Transit, Yard


Sewer

Public Sewer

Other Property Details

Area Name

179 - South Shores


Days on Market

22


Garage

No


Parking Total

36


View

No


County

Los Angeles


Water Source

Public


Pool

Yes


Pool Features

Private


Zoning

LARD6


Buyer Agency Compensation

0.5%

Listing Contact: 562-318-0215 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 3:55 AM UTC

 

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