464 W 17th Street San Pedro, CA 90731

Well-maintained 4plex located at 464 W 17th St, San Pedro. The subject property is currently operating at a 4.16% Cap Rate and 16.06 GRM, with the opportunity to raise rents by 30%. Property is ideal for any owner/user or investor looking to capitalize on a prime asset in a rapidly appreciating neighborhood. The subject property consists of four (4) 2Bed+1Bath units, which all feature Washer/Dryer Hookups and a 1 car garage. Tenants pay gas and electric; Owner only pays LADWP bill. Property is SUBJECT TO LA CITY RENT CONTROL. All tenants are current on rent and have been paying through pandemic. There is a potential to convert garages to ADU unit(s) for additional income. Property is centrally located just minutes away from Downtown San Pedro and New Waterfront Development
Well-maintained 4plex located at 464 W 17th St, San Pedro. The subject property is currently operating at a 4.16% Cap Rate and 16.06 GRM, with the opportunity to raise rents by 30%. Property is ideal for any owner/user or investor looking to capitalize on a prime asset in a rapidly appreciating neighborhood. The subject property consists of four (4) 2Bed+1Bath units, which all feature Washer/Dryer Hookups and a 1 car garage. Tenants pay gas and electric; Owner only pays LADWP bill. Property is SUBJECT TO LA CITY RENT CONTROL. All tenants are current on rent and have been paying through pandemic. There is a potential to convert garages to ADU unit(s) for additional income. Property is centrally located just minutes away from Downtown San Pedro and New Waterfront Development