A value-add opportunity in a primarily residential pocket of San Pedro. With SFR's up-and-down the street and a newer subdivision next door this asset is truly a ground-floor opportunity . . . as a multifamily asset or a development deal. The asset is made up of four 2 Bed/1 Bath units on a 5,097 square foot lot zoned LAR2. Separate gas and electric meters.
Part of a 2 buildings portfolio - can be sold together or separately. 1401 S Pacific Coast Highway in Harbor City is the other building in the portfolio: 7 apt. units and 3 retail spaces listed at a 6.5% cap rate.
The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.