Property Detail

Description

A rare opportunity to acquire a substantially updated fourplex offering immediate income, an exceptional unit mix and compelling long term upside in one of San Pedro's most desirable locations. Whether you are building your first real estate portfolio or adding to an established one, this fully occupied property delivers the combination investors look for: strong in place rents, spacious units, recent improvements and future income growth potential. Offering approximately 4,132 square feet, the property features one 3 bedroom, 2 bathroom residence and three 2 bedroom, 1 bathroom units. Unit 4 has been renovated with improvements to the kitchen, bathroom and living areas. Unit 2 has been partially updated, while Unit 1 received a replacement stove, ceiling fans and updated kitchen and living room flooring. The Unit 1 kitchen was not fully remodeled, providing an opportunity for a future investor to add value. Additional property improvements include fresh exterior paint, a low maintenance concrete yard surface, property fumigation and sewer piping replacement. These updates enhance the property's overall appearance while helping reduce future maintenance and deferred improvement concerns. Current scheduled rents total approximately $8,163 per month, providing immediate income with additional long term rental upside. The generous floor plans, desirable bedroom count and improved condition make this an attractive opportunity for both new and seasoned investors seeking a well positioned four unit asset. Conveniently located near shopping, restaurants, parks, freeway access, the LA Harbor and San Pedro's evolving waterfront district. The nearby West Harbor development is bringing expanded dining, entertainment, recreation and waterfront access to the area, adding to San Pedro's long term appeal. An outstanding opportunity to own a four unit property with strong in place income, substantial updates and meaningful future potential. Property is subject to applicable rent control regulations. Buyer to independently verify rents, expenses, square footage, unit condition, improvements, permits and future rental potential.