Listed by Nabil Awada, Matthews Real Estate Investment Services,

3921 S Pacific Avenue

San Pedro, CA, 90731

$2,890,000

$402 per ft²
$2,890,000
$402 per ft²
Active
Active
 - For Sale
beds
14 Beds
baths
10 Baths
carpenters-square
7,174 ft²
property_type
Multi-family
calendar
Built 1972
This is an opportunity for an investor to purchase an 8-unit property located in the beautiful Point Fermin neighborhood of San Pedro. The property is comprised of a desirable mix of (2) three-bed/two-bath, (2) two-bed/one-bath, & (4) one-bed/one-bath units. This trophy property has large units that feature balconies and offer breathtaking ocean and harbor views. The well-located property is located steps away from local beaches, ocean bluffs, Point Fermin Park, and the bustling downtown business district and the multi-million dollar "West Harbor" waterfront development and is already underway and scheduled to be completed in the next few years. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 51% upside. Given the desirable location, this is an excellent opportunity for an investor seeking growth, stability, and a hedge against inflation.
MLS® ID:
22200381
Listed:
9/15/22
Updated:
9/29/22

Interior Features

Total Bedrooms
14
Total Bathrooms
10
Cooling
None

Exterior/Building Features

Lot Size
6,251 ft² lot

Other Property Details

Area Name
181 - Point Fermin
Garage
Yes
Parking
Assigned, Covered, Door-Multi, Garage
Parking Total
14.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LARD2

 

Listed by Nabil Awada, Matthews Real Estate Investment Services,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 7:29 PM UTC, 9/29/22

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