Price reduced by $175,000. This exceptional investment opportunity features two adjacent fourplexes in the heart of San Pedro, California, each with its own Assessor's Parcel Number, comprising a total of eight single-story one-bedroom, one-bathroom units on a spacious 8,100 square-foot combined lot. Currently delivering strong financial performance with a 6.57% cap rate and 10.43 gross rent multiplier, the property offers significant upside potential, projecting a 9.57% pro-forma cap rate and 7.88 pro-forma GRM through targeted rent increases and enhancements. Its prime location, less than one mile from the iconic Los Angeles Waterfront, the transformative West Harbor development, the picturesque San Pedro Promenade, and the upcoming 6,200-seat waterfront amphitheater, positions it for substantial appreciation amid ongoing revitalization. Fully gated for security and equipped with eight dedicated parking spaces, the asset is conveniently situated just a half-mile from key employment and tourism drivers, including the World Cruise Center, Battleship USS Iowa Museum, Los Angeles Maritime Museum, and the bustling Port of Los Angeles. The expansive lot further unlocks future value through opportunities to add Accessory Dwelling Units (ADUs) or pursue redevelopment, making this a versatile and high-potential holding in a dynamic coastal market poised for growth.

Listing courtesy of Gianluca Jacoli of Shield CRE, Inc.

Based on information from the The MLS as of 2025-12-07 07:24 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.