Fantastic “bread & butter” 5-unit, multi-family building.
This well-maintained California Art Deco style property offers a low-maintenance, classical design with tons of character.
Each unit features one bedroom, one bathroom, newer appliances, and a parking space.
Ownership has meticulously cared for the condition of the property, and consistently modernized each space. The many updates include a complete repipe, upgraded subpanels, brand-new (2022) water heater, newer fence, foundation reinforcement, and high-efficiency wall heaters.
Units 870-876 pay their own electric, gas, and trash, while Unit 878 pays no utilities. The current owner has enjoyed a very strong rent collection history.
All of this value is highlighted further given the property’s ideal location, just minutes from the LA Waterfront's newly-developed West Harbor and bustling downtown San Pedro. Blocks from shopping, restaurants, the USS Iowa, freeway access, public transportation, and much more, an investor could not ask for a better market and location for a rental property.
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