This Spanish 4 plex in the prime San Pedro Point Fermin neighborhood boasts 4,886 sqft with ocean and harbor views! This is an ideal opportunity for any owner/user looking to invest in LA Countys up and coming coastal neighborhoods. From the newest San Pedro Waterfront Park development to bespoke eateries like Colossus and Tranis Dockside, San Pedro is positioned to become one of LAs hottest coastal cities. ***The 4 plex boasts a favorable unit mix featuring (1) 3Bed+2Bath, (2) 2Bed+2Bath and (1) 1Bed+1Bath units, all of which have spacious floorplans. The spacious owners unit (3 Bedroom) has an enclosed terrace and arched walkways. There are three separate tandem garages (for a total of 6 spaces) and one exterior space. The front exterior space boasts 2 citrus fruit bearing trees! There is over 73% upside available in monthly rental income. Once all units are renovated and rented for market, the property will operate at a 6.57% CAP. The property is separately metered for gas and electric and each unit has washer and dryer hookups.
Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright.