Huge 4-unit property with tons of upside only 2 blocks from the enormous brand-new LA Waterfront development. 3 out of 4 units built in 1987 with over 4500 square feet of rentable space on a 6000 square foot lot plus 4 garages. Excellent unit mix with one 3 bed/2 bath front house (1947 built) plus three 2 bed/1 bath units (1987 built) in the rear. Very well priced at only $263/sq ft and 13.38X GRM on actual rents with a true 60% upside to a market GRM of 8.37 and cap rate of 7.2%. Separately metered for electricity and gas, helping keep expenses down. Only 2 blocks from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375, 000 square feet of retail, dining, and entertainment slated to open in 2026. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from Cabrillo Marina and Cabrillo Beach. Walk score of 80+ (Very Walkable)
