Marc de Longeville
Sotheby's International Realty
(424) 227-5692
36 Total Sales
1 in San Pedro
$750,000 Price
2509 S Denison Ave Los Angeles, CA 90731
San Pedro Area
1
Bed
2
Baths
6,774
Sq Ft
0.26
Acre Lot
Highlights
- Laundry Facilities
- San Pedro Senior High School Rated A-
- Level Lot
About This Home
As of July 2025We are pleased to present our latest investment opportunity located at 2505-2509 South Denison Avenue in San Pedro. The property features 14 units with a mix of (12) 1 Bed/1 Baths and (2) Studios. This property is an investor’s dream with great cash flow upside potential. It has been professionally managed for over 20 years and has gone through many upgrades. It is priced right as well, at less than a 10 GRM and close to a 7% Cap Rate on day one! 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 (some tenants do pay RUBS as well). There is onsite laundry available for tenants (owned) as well as ample, convenient parking. The immediate area is filled 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!
Last Agent to Sell the Property
Joshua Cohen
Keller Williams Realty Brokerage Phone: 310-480-2130 License #01346713 Listed on: 03/19/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 11,286 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- 7465010012
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,774 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 5703
- Assessor Parcel Number 7465010011
- $868 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 14 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 16 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Other Expense $89,069
- Operating Expense $89,069
- Gross Income $260,464
- Net Operating Income $173,366
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2025
Closed on
Jun 11, 2025
Sold by
Bought by
Seller's Agent
Joshua Cohen
Keller Williams Realty
Buyer's Agent
Joshua Cohen
Keller Williams Realty
List Price
$2,550,000
Sold Price
$2,492,500
Premium/Discount to List
-$57,500
-2.25%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,730,000
Outstanding Balance
$1,711,947
Interest Rate
6.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 20, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.63%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 16, 1995
Sold by
Bought by
Purchase Details
Closed on
Nov 7, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Los Angeles, CA
-
Marc de Longeville
-
Roddy de la Garza
Roddy de la Garza
Epique Realty
(323) 615-1579
120 Total Sales
1 in San Pedro
$767,500 Price
-
Dennis Hartley
Dennis Hartley
Compass
(424) 541-1237
60 Total Sales
1 in San Pedro
$1,230,000 Price
-
Aaron Aalcides
Aaron Aalcides
Epique Realty
(424) 344-4752
62 Total Sales
3 in San Pedro
$525K - $2.2M Price Range
-
James Zappulla
James Zappulla
Keller Williams Realty
(424) 434-4721
27 Total Sales
5 in San Pedro
$475K - $1.1M Price Range
-
Nancy Domino
Nancy Domino
Pacific Sterling Properties
(949) 942-8799
45 Total Sales
3 in San Pedro
$505K - $795K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,492,500 | Commonwealth Land Title Compan | ||
| -- | -- | ||
| $169,000 | Chicago Title | ||
| $166,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,730,000 | ||
| Previous Owner | $400,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Sold | $2,492,500 | -2.3% | $368 / Sq Ft |
| 04/22/2025 04/22/25 | Pending | -- | -- | -- |
| 03/19/2025 03/19/25 | For Sale | $2,550,000 | -- | $376 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,549 | $388,707 | $282,403 | $106,304 |
| 2024 | $5,448 | $381,086 | $276,866 | $104,220 |
| 2023 | $5,357 | $373,615 | $271,438 | $102,177 |
| 2022 | $5,137 | $366,290 | $266,116 | $100,174 |
| 2021 | $5,074 | $359,109 | $260,899 | $98,210 |
| 2019 | $4,941 | $349,539 | $253,161 | $96,378 |
| 2018 | $4,864 | $342,708 | $248,198 | $94,510 |
| 2016 | $4,592 | $328,364 | $238,561 | $89,803 |
| 2015 | $4,533 | $323,433 | $234,978 | $88,455 |
| 2014 | $5,870 | $421,778 | $265,119 | $156,659 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Joshua Cohen
Keller Williams Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25060199
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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