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Key Details
Sold Price $925,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23116522
Sold Date 09/29/23
Bedrooms 2
HOA Y/N No
Lot Size 5,300 Sqft
Property Description
We are pleased to present this 5 Unit, Value-Add multi-family opportunity in the Point Fermin area of San Pedro. This property features a well-balanced unit mix comprised of 2-1 Bed/1 Bath units and 3 Studios. One of the 1 Bedroom units has been fully renovated and would be perfect for an owner user. The garage and storage area can easily be rented out for additional storage income or potentially converted into an ADU. The property boasts exceptional rent upside of approximately 51% over the current rents in a market that has experienced substantial rent growth. The owner has done an excellent job maintaining repairs, and exterior upkeep. This asset is located on a cul de sac backing Fort McArthur Air Force Base and just blocks away from 22nd St Marina & park, and only 1.5 miles away from the new development at Ports OCall.
We are pleased to present this 5 Unit, Value-Add multi-family opportunity in the Point Fermin area of San Pedro. This property features a well-balanced unit mix comprised of 2-1 Bed/1 Bath units and 3 Studios. One of the 1 Bedroom units has been fully renovated and would be perfect for an owner user. The garage and storage area can easily be rented out for additional storage income or potentially converted into an ADU. The property boasts exceptional rent upside of approximately 51% over the current rents in a market that has experienced substantial rent growth. The owner has done an excellent job maintaining repairs, and exterior upkeep. This asset is located on a cul de sac backing Fort McArthur Air Force Base and just blocks away from 22nd St Marina & park, and only 1.5 miles away from the new development at Ports OCall.
Location
State CA
County Los Angeles
Area San Pedro (90731)
Zoning Assessor
Building
Story 1
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $60
Acceptable Financing Conventional
Space Rent $1,895
Listing Terms Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with NON LISTED AGENT • San Diego