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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,575,000

Est. payment - /mo

8 Beds

8 Baths

3,237 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,237 sqft

Price per Sqft $486

MLS Listing ID 25602903

Bedrooms 8

HOA Y/N No

Year Built 1923

Lot Size 8,102 Sqft

Property Description

This exceptional investment opportunity features two adjacent fourplexes in the heart of San Pedro, California, each with its own Assessor's Parcel Number, comprising a total of eight single-story one-bedroom, one-bathroom units on a spacious 8,100 square-foot combined lot. Currently delivering strong financial performance with a 6.05% cap rate and 11.25 gross rent multiplier, the property offers significant upside potential, projecting an 8.37% pro-forma cap rate and 8.87 pro-forma GRM through targeted rent increases and enhancements. Its prime location, less than one mile from the iconic Los Angeles Waterfront, the transformative West Harbor development, the picturesque San Pedro Promenade, and the upcoming 6,200-seat waterfront amphitheater, positions it for substantial appreciation amid ongoing revitalization. Fully gated for security and equipped with eight dedicated parking spaces, the asset is conveniently situated just a half-mile from key employment and tourism drivers, including the World Cruise Center, Battleship USS Iowa Museum, Los Angeles Maritime Museum, and the bustling Port of Los Angeles. The expansive lot further unlocks future value through opportunities to add Accessory Dwelling Units (ADUs) or pursue redevelopment, making this a versatile and high-potential holding in a dynamic coastal market poised for growth.

Location

State CA

County Los Angeles

Area 189 - Barton Hill

Zoning LAR2

Interior

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 8

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7449003034

Special Listing Condition Standard

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Listed by Gianluca Jacoli Shield CRE, Inc.

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349 W Amar ST San Pedro, CA 90731