Property Detail

Description

Located in an elevated section of San Pedro, this multifamily asset enjoys sweeping views of the surrounding area and proximity to major redevelopment initiatives. The property benefits from strong fundamentals and is positioned to capitalize on public and private investments in the area. The property consists of 10 residential units with a well-balanced mix of 1-bedroom, 2-bedroom, and 3-bedroom layouts, catering to a broad tenant demographic. The unit mix offers both affordability and spacious living options, supporting tenant retention and rental upside potential. The property features 10 private garages and 2 open parking spaces, offering ample off-street parking—an attractive amenity in the San Pedro market. Tenants benefit from an on-site coin-operated laundry facility, which also provides supplemental income. Recent capital improvements include a new roof installed in 2024, reducing future maintenance costs, and upgraded stair railings that enhance both safety and curb appeal. These enhancements reflect strong ongoing maintenance and add long-term value to the asset. Proximity to LA Waterfront Revitalization: Situated near the government-backed San Pedro Harbor Redevelopment, including future mixed-use retail, parks, promenade, and tourism-focused infrastructure. Coastal Views & Elevated Topography: Select units may feature harbor views. Higher elevation provides enhanced drainage and long-term structural resilience. Transit & Accessibility: Easy access to freeways, public transportation, and the Vincent Thomas Bridge ensures strong connectivity to Long Beach, South Bay, and Downtown LA.