Description
The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
The subject property is a two story 4 plex located in the highly desirable South Coastal area of San Pedro on West 25th Street just a few minutes from Cabrillo Beach, LA Marina, Pt. Fermin Park and Royal Palms Beach. This is an ideal property for an investor looking for an investment with upside as well as an opportunity for an owner/user. The units are all 2-bedroom 1 bath floorplans and 1 unit (A) is vacant, unit (B) Is OWNER OCCUPIED AND WILL BE DELIVERED VACANT. The other 2 units are tenant occupied and the tenants are paying monthly rent of (Unit C - $1,700 and Unit D - $1,350). Tenants pay their own gas, electric and trash landlord only pays for the DWP Water service. There is a large fenced front yard new fencing on the side yard with open parking in the back for 5 vehicles accessible from the alley. There is the potential to add a unit under the ADU process Buyer to verify this as part of its due diligence, seller and broker make no representations or warranties. There is significant upside in rental income from all units, and the property is being sold as-is, with seller not responsible for any repairs or providing any repair credits to the buyer. Please do not disturb tenants, showings are by appointment only.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T21:30:18.813. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.