721 W 39th Street San Pedro, CA 90731

Well maintained 5 unit building located just two blocks from the ocean in the prime Point Fermin area of San Pedro. Nearby attractions include Point Fermin Park, Cabrillo Marine Aquarium, and The Korean Friendship Bell. Excellent unit mix consisting of two large 3 Bd/2 Ba units and three large 2 Bd/1 Ba units, with a total of 5,284 rentable sq. ft. The property boasts exceptional rent upside of approximately 38% over the current rents. A new owner can take advantage of the unit to be delivered vacant and reposition the property to achieve approximately a 6% cap and 12 GRM on the market rents. The current owner recently spent a substantial amount of money to complete the seismic soft story retrofit work.
Well maintained 5 unit building located just two blocks from the ocean in the prime Point Fermin area of San Pedro. Nearby attractions include Point Fermin Park, Cabrillo Marine Aquarium, and The Korean Friendship Bell. Excellent unit mix consisting of two large 3 Bd/2 Ba units and three large 2 Bd/1 Ba units, with a total of 5,284 rentable sq. ft. The property boasts exceptional rent upside of approximately 38% over the current rents. A new owner can take advantage of the unit to be delivered vacant and reposition the property to achieve approximately a 6% cap and 12 GRM on the market rents. The current owner recently spent a substantial amount of money to complete the seismic soft story retrofit work.