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2016 W Paseo Del Mar

San Pedro, CA 90732
  • $6,000,000
  • STATUS: Active Under Contract
  • ON SITE: 22 Days
  • ID#: 22198705
Under Contract
UPDATED: 20 min ago
$6,000,000
  • 21
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,896
    SQFT
  • $504
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Steffan Braunlich of Berkadia (310-209-3200)


Description

The South Shores Manor is a 19-unit legacy asset situated in the exclusive South Shores neighborhood of San Pedro. The property is located at the intersection of Western Ave and Paseo del Mar and overlooks the Pacific Ocean from the cliffs above. Residents are attracted by the gated pool with community patio, private balconies, ocean views, and cool ocean breeze. San Pedro offers the most affordable beachfront properties in LA County and South Shores Manor is only one of five multifamily properties in the South Shores neighborhood. The demand for affordable beach front rentals far exceeds the limited supply. San Pedro has seen an uptick in renters seeking luxury accommodations with the over $1 billion cash infusion being invested in the LA Waterfront. The South Shores Manor is a prime candidate for continued value-add renovations to capitalize on the increasing demand for premium finishes in the rental market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-05T10:29:36.767. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/133010118
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2016 W Paseo Del Mar San Pedro, CA 90732

  • Price: $6,000,000
  • Status: Active Under Contract
  • On Site: 22 Days
  • Updated: 20 min ago
  • ID#: 22198705
21
Beds
0
Baths
0
½ Baths
0.38
Acres
11,896
SQFT
$504
$/SQFT
1959
Built
Neighborhood:
179 - South Shores
County:
Los Angeles
Area:
179 - South Shores
Property Description
The South Shores Manor is a 19-unit legacy asset situated in the exclusive South Shores neighborhood of San Pedro. The property is located at the intersection of Western Ave and Paseo del Mar and overlooks the Pacific Ocean from the cliffs above. Residents are attracted by the gated pool with community patio, private balconies, ocean views, and cool ocean breeze. San Pedro offers the most affordable beachfront properties in LA County and South Shores Manor is only one of five multifamily properties in the South Shores neighborhood. The demand for affordable beach front rentals far exceeds the limited supply. San Pedro has seen an uptick in renters seeking luxury accommodations with the over $1 billion cash infusion being invested in the LA Waterfront. The South Shores Manor is a prime candidate for continued value-add renovations to capitalize on the increasing demand for premium finishes in the rental market.
Exterior Features

Carport YN Yes Parking Features Carport Parking Total 13

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Gross Income 352200 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 191164 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-05T10:29:36.767. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369920866-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369920866-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369920866-1.jpg
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Steffan Braunlich of Berkadia (310-209-3200)