Property Detail

Description

Spacious 4,886 SF with ocean and harbor views, this well-maintained 4-plex in San Pedro’s PRIME sought-after Point Fermin neighborhood offers an exceptional owner-user or investment opportunity. The property features a desirable unit mix: (1) 3-bed/2-bath, (2) 2-bed/2-bath, and (1) 1-bed/1-bath units. The spacious owner’s unit includes an enclosed terrace and arched walkways....Additional highlights include three tandem garages (6 spaces total), one exterior parking spot, washer/dryer hookups in each unit, and separate gas and electric meters. With over 67% upside in monthly rental income and a projected 8% CAP Rate once brought to market rent, this PRIDE OF OWNERSHIP property is ideally positioned for long-term growth. Located near the revitalized San Pedro Waterfront Park and local hot spots like Colossus and Trani’s Dockside, it sits at the center of one of LA’s most promising coastal neighborhoods. Seller will cooperate with owner-occupied eviction.