Residential Income Details
We are pleased to present a beautiful, remodeled apartment located in San Pedro, California. The building offers PANORAMIC OCEANFRONT views! The units are completely remodeled including new wood & modern tile floors, granite kitchens and bathrooms, contemporary paint colors and quality appliances. The subject property features an on-site laundry facility, elevator, sundeck, huge patio dining area for dining and a lush tropical landscaped courtyard. The building is located just steps from the Ocean and just blocks from Downtown, shopping, dining and entertainment. The subject property currently has 5 tenants, which makes it a unique opportunity with 31 vacant units that can be rented at market right away.
Built in 1965, the subject property consist of 34,651 rentable square feet on a lot size of 27,267 square feet. The unit mix consists of (4) three-bedroom / two-bathroom (24) two-bedroom / one-bathroom units, (7) three-bedroom / two-bathroom unit and (1) large studio / one-bathroom unit. There is an on-site laundry for tenants’ convenience. The subject property is separately metered for gas and electricity keeping expenses to a minimum.
|Number of Units||36|
|Listing Brokerage||Marcus & Millichap|
|Listing Agent||Kevin King|
|Listing Agent BRE #||01158184|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, September 17, 2018.
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