Property Detail

Description

Introducing an opportunity to own a 15-unit building in San Pedro's prime area of Vista Del Oro. This 12,070 square foot building built in 1973 comprises of one 3-bedroom/2-bathroom unit, eight 2-bedroom/1-bathroom units, and six 1-bedroom/1-bathroom units. Some units offer a balcony and views of city and harbor. Large courtyard to enjoy fresh air and natural lighting. Lots of tenant parking in the subterranean parking area. Soft-story retrofit has been completed. Community laundry room with owned washers/dryers and spacious cabinetry. Capitalize on the upside for rent increase potential in this appreciating San Pedro market. Financing available. Walking distance to Weymouth Corner Shopping Center and Averill Park. West Harbor build of the former Ports O'Call is expected to open in 2025, featuring 42 acres of restaurants, shopping, fresh markets, office space, and a waterfront promenade with ample outdoor space and an open-air amphitheater for live entertainment. Attractive opportunity to acquire this 15-unit asset in an appreciating market, driven by ongoing San Pedro developments.