Stone’s throw from Cabrillo Way Marina and the Pacific Ocean lies this wonderful Triplex featuring (1) 2+1unit and (2) 1+1 units. The buildable is approximately 1,872 SF on a 4,900 SF rectangular lot. The spacious units are all turnkey with new vinyl flooring and desirable layouts which most tenants desire. This opportunity presents an astute investor an opportunity to purchase a turnkey property which can easily be rented out at high 5% Cap rate in its current condition or renovate to maximize this rental properties full income potential. The rectangular lot also presents the potential to add ADU units to the rear of the building or to redevelop the property in its entirety. San Pedro is a thriving community with multiple real estate developments underway including the 330,000 SF West Harbor waterfront project and a developing and gentrifying downtown area. San Pedro is one of the last underdeveloped waterfronts in Southern California presenting you an amazing opportunity to purchase a property close to the water.
This property is located very close to Cabrillo Way Marina, Fort MacArthur, West Harbor waterfront development and all the other amenities including Marinas, Beaches and monuments that San Pedro is well known for. See attached Supplement for property income Setup.
