Property Description

Seven-unit apartment building – irreplaceable Point Fermin location in San Pedro! Many units have ocean views and the property will be delivered with two units vacant in a rent-ready condition (one-bedroom and two-bedroom). With 7 tuck-under parking spaces and 2-car garage, property has ample parking in addition to abundance of street parking. Property has an excellent unit mix of 4 two-bedroom and 3 one-bedroom units. On-site Laundry Room with landlord-owned equipment brings additional income; 2-­car garage is rented at an additional $190/mo. Note: indicated rents are as of January 1st, 2020 and two vacant units are indicated at projected market rents. Property is subject to LA City rent control and Soft Story retrofit.