Description

A unique 1988 constructed and well maintained income property with 3 large residential units conveniently located adjacent the Port of Los Angeles. A cash cow with over $5,760/mo of income and plenty of upside for the new owner as this is not under current rent control restrictions. 3 units total, (2) 3 Bd/2 Bath and (1) 2 Bd/2 Bath. All units are clean and the ground level unit has had a complete kitchen/flooring renovation in the past month. Freshly painted interiors and exterior. Offering Memorandum available. This is a great find for both new and seasoned apartment investors, and provides a great way to step into the hot San Pedro market, or to add on to an existing rental portfolio. The property is situated on a 4500 sq ft. lot and provides 1 garage space per unit, which are not subject to any City of Los Angeles soft-story retrofit requirements. Units are separately metered for gas and electricity. The building also provides an on-site laundry room for tenant convenience and revenue share. In addition there's a community front lawn where you can relax & enjoy the sun or sea breeze! With so much recent development taking place in San Pedro, the local area is undergoing a complete transformation. Walking distance to the highly-anticipated Waterfront Redevelopment, which will change the harbor for years to come! Also nearby is downtown San Pedro, which features a unique mix of shops, restaurants, art galleries, theaters & more.

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