Description
8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property 8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property is master-metered, which allows an owner to legally raise rent 6% annually (2% in addition to the LA City allowable 4%)
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4BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property 8-unit asset located in the heart of San Pedro at 805-807 S Centre Street near new waterfront and downtown redevelopment. Offered at 12.6 GRM on current income plus substantial upside. It is a Value-Add property featuring a mix of (5) 1-Bd/1-Ba & (3) Studio units. Some units have been renovated with new countertops, wood flooring, and new cabinets. Property features secure gated access and on site laundry. (2) garages are currently being used for storage and present an ADU conversion opportunity. Property is master-metered, which allows an owner to legally raise rent 6% annually (2% in addition to the LA City allowable 4%)
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