Perched from this hillside overlooking the booming Port of Los Angeles, one can't help but envision this property being cradled in immense opportunity. The location of this single-level TRIPLEX is snugly situated in the "heartbeat" of San Pedro, which has undergone rapid redevelopment in recent years with the much touted $150M West Harbor project as the center attraction. Sitting on a 8,252 sq ft lot, this triplex includes a detached 3 car garage as well as a spacious common area that can be utilized for play, bbq or relaxation. Enjoy a beautiful backdrop of the San Pedro Harbor, and admire the Vincent Thomas Bridge as it lights up the evening sky. The front unit offers 1 bedroom/1 bath while the other two units are 2 bedroom/1 bath. Two of the 3 units are currently without tenants and need attention, but consider it a blank canvas to create something special. The remaining third unit is well maintained and will be delivered without tenants at close. Having all units empty will give the new owner the opportunity to upgrade each unit to maximize rent at, perhaps, above market rates due to its prime location. Another option would be to maximize zoning potential and rebuild completely, taking advantage of the gorgeous views if deciding to build up. An additional investment advantage of this property is that it is located within the Opportunity Zone offering significant tax benefits to the new owner. This is an exciting time to invest in San Pedro and be a part of its growth.
San Pedro, California, is a vibrant coastal community combining rich history, diverse culture, and breathtaking waterfront views. Located at the southern tip of Los Angeles, this charming neighborhood offers a unique blend of small-town charm and urban convenience.
Tony and his team set out to be not just the best possible realtors but also trusted resources. Their experience goes well beyond their years as South Bay's top-producing Realtors®.