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Home For Sale

Picture of Home For Sale in San Pedro, California, United States

$1,950,000

1381-1389 W 8th St
San Pedro, California, United States

10bd 7ba

Listed By: Realtyww Info

Listed On: 06/13/2023

Listing ID: GL10112076 View More Details

Description

This is a very unique opportunity to acquire a 5 unit rental property with a 4-Bedroom and 3-Bathroom 1, 875 square foot Custom Home Owners Unit built in 1991. NOT SUBJECT TO RENT CONTROL!!!! A family can have income from the 4 rental units and live onsite on the 2nd floor in the Owners Unit at the same location for direct management. The main front building has the owners unit and two 2 bedroom 1 bath units below it. The entire building structure and windows of the two first floor apartments were upgraded in 1991 during the construction. The Owners Unit has double pane French doors with a view of the San Pedro Hills, a living room with vaulted ceilings, ceiling fans and balconies. Other attributes include a separate dining room with a chandelier and marble floors, custom tiled kitchen, marble floor to ceiling fireplace, Master Bedroom with walk-in closet, Central Air-Conditioning and Heating. The rear building is a separate structure and has two 1 bedroom 1 bath units that are above 4 parking garages, and there are 2 open parking spaces on the side of the garage. All units are occupied and all rents are BELOW MARKET!!!! Great Location on Upper Hills of San Pedro in a Secured Neighborhood with the Shoppes at Weymouth Corners across the street, as well as places of worship, 7th Street Elementary School is 2 blocks away and Averill Park 4-blocks away. Garages could potentially be converted to ADUs by an astute investor.

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Listed by: Re Max Commercial Investment Realty
Source: The World Property Journal

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