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$1,350,000
Est. payment /mo
5,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25159640
HOA Y/N No
Year Built 1972
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Property Description
Spacious 4,886 SF with ocean and harbor views, this prime 4-plex in San Pedro's 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 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.
With over 67% upside in monthly rental income and a projected 8% CAP Rate once brought to market rent, this 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.
Location
State CA
County Los Angeles
Area 181 - Point Fermin
Zoning LARD2
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7465028003
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc. 310-801-7373
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