Fantastic opportunity to own a 4-unit property in up-and-coming San Pedro, California. Each unit features one bedroom, one bathroom, a laundry area, porch, and generously-sized parking space. The many updates include a new electrical system throughout, upgraded water heaters, and high-efficiency wall heaters. Each unit is separately metered, and tenants pay for gas, electricity, and trash removal services. The entire building is set up for owner and tenant convenience alike. With over 50% in upside rent potential, this building is an ideal value-add opportunity for any investor. The property also qualifies for a Federal grant with up to tens of thousands of dollars in improvements for new paint, windows, and efficiency upgrades that can also be passed on to a future buyer. All of this value is highlighted further given the propertyâs ideal location between the LA Waterfront's newly developed West Harbor and bustling downtown San Pedro. Blocks from shopping, restaurants, the USS Iowa, freeway access, public transportation, and much more, an investor could not ask for a better market and location for a rental property!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
