Property Detail

Description

Fourplex in Desirable San Pedro Location - Just a Few Blocks from Cabrillo Marina & the Pacific Ocean | 1978 Construction | No Local Rent Control - Defaults to AB 1482 | Outstanding Unit Mix of (One) 3-Bedroom/2-Bathroom Unit, (Two) 2-Bedroom/1-Bathroom Units & (One) 1-Bedroom/1-Bathroom Unit Residential Asset - Presents Desirable Owner-User Opportunity | Each Unit Contains Washer/Dryer Hook-Ups | Located Near L.A. Waterfront, San Pedro Plaza Park and Upcoming West Harbor Development, San Pedro Promenade & Future Site of 6,200-Seat Waterfront Amphitheater | Total of 8 Parking Spaces | Some Units Contain Private Balconies | Qualifies for Residential Financing | 4.63% Current Cap Rate & 13.63 Current GRM | 6.25% Pro-Forma Cap Rate & 11.10 Pro-Forma GRM | Close Proximity to World Cruise Center, Battleship USS Iowa Museum, the Los Angeles Maritime Museum & the Port of San Pedro & Port of Long Beach