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Listed by Olga Wright, DRE #01315042 • Lyon Stahl Investment Real Estate, Inc.
$960,000
Est. payment /mo
4,950 Sqft Lot
Active
267 W OFarrell ST San Pedro, CA 90731
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26164836
Year Built 1928
Lot Size 4,950 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Well-maintained 4-unit investment opportunity in a rapidly appreciating area of San Pedro, featuring 4 spacious 1-bedroom/1-bath units. Current rents are $1,874, $1,895, $997, & $1,850, generating $6,616 per month and $79,392 annually. Priced at 12 GRM, this property offers the best income value on the market, with additional rental upside. >>Major improvements include full renovations of three units, exterior stucco completed in 2021, copper plumbing, dual-pane windows, and individual water shutoff valves. Each unit is separately metered for gas and electricity, and tenants pay for trash, gas, and electricity, helping reduce the owner's operating expenses. Ideally located minutes from the LA Waterfront, Downtown San Pedro, Cabrillo Marina, the West Harbor redevelopment, and major transportation corridors. An excellent opportunity for a new or experienced investor seeking strong current income, significant improvements, and future upside.
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Interior
Laundry In Laundry Room
Exterior
Pool None
Building
Lot Description Paved
Story One Story
Water District - Public
Others
Tax ID 7449013024
Special Listing Condition Not Applicable
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