670 W 15th Street, San Pedro, CA 90731

Property Description

Fantastic opportunity to acquire a meticulously maintained bread-and-butter triplex with a tantalizing CAP rate in San Pedro. Acquire this awesome unit mix of three updated two-bedroom units, all with garage parking, spanning a total of 3,118 sf across a 5,003 sf RD 1.5 zoned lot. This property is comprised of a spacious 2/1 1,000+sf standalone house built in 1915 (subject to RSO), and a back duplex with two newer 2/2s built in 1988. According to current information and belief, the 1988 builds are not subject to LA City RSO, but subject to AB1482 (buyer to verify) such that this building makes sense for owner occupants and investors alike. There are also several avenues to add value, such as repositioning the leases, and potentially converting the garages to ADUs to maximize return. This property is ideally situated nearby schools, parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future, not to mention proximity to Downtown San Pedro, the Arts District, and the in-progress West Harbor Waterfront Development at the Port of Los Angeles which will further cement demand with its one-mile-long waterfront promenade, a pop-up park, an off-leash membership dog park, overwater dining & bar, 20,000sf beer garden, waterside attractions, and an amphitheater! Don't miss out, call today!