Fantastic opportunity to own this well-maintained 4plex located at 464 W 17th St, San Pedro 90731. The subject property is currently operating at a 4.16% CAP and 16.06 GRM, with the opportunity to raise rents by 30%. 464 W 17th St is ideal for any owner/user or investor looking to capitalize on a prime asset in a rapidly appreciating neighborhood.
The subject property consists of (4) 2Bed+1Bath units, which all feature Washer/Dryer Hookups and a 1 car garage. Beneficial to the the new owner, the tenants pay gas and electric; Owner only pays LADWP bill.
464 W 17th St is located just minutes away from Downtown San Pedro, an area with an ample amount of restaurants, shops and nigh life. There are millions of dollars worth of new developments in close proximity including San Pedro Waterfront, as well as an abundance of brand new apartment buildings, condos and retail shops.