1437 S Mesa St, San Pedro, CA 90731

Property Description

Welcome to a prime 4-plex waiting to elevate your real estate portfolio to new heights. Great upside potential with the annual allowable rent increase starting 2/1/24 at 7% (buyer to verify) and getting the market rent for the to-be-vacant 2 BD puts the monthly income at approximately $6078 a month. Built in 1936 and meticulously preserved to exude an old-world charm that tenants will adore. With its coved ceilings, unique architectural features, and spacious floor plans, this building is sure to capture the hearts of discerning renters seeking a touch of elegance in their everyday lives. The 4 units within this treasure trove of a property offer versatility and appeal to a diverse tenant base. Two spacious two-bedroom units, one of which will be delivered vacant, provide a canvas for tenants to make their dreams a reality. Meanwhile, two cozy one-bedroom units offer a charming and intimate living experience that will enchant those seeking a cozy abode to call home. But wait, there's more – convenience and practicality are at the forefront of this investment gem. With four garages to spare, your tenants will relish the ease of parking, making their day-to-day living that much smoother. Beyond the allure of the property itself, its strategic location is a golden ticket for attracting high-quality tenants. Situated near LA's newest destination – a sprawling 42-acre area boasting direct waterfront access – your tenants will have access to an enticing array of attractions. From the proposed amphitheater, and charming waterside amenities, to the sprawling 20,000 SF proposed Mike Hess brewery your tenants will find themselves surrounded by excitement and leisure. Additionally, the area will be brimming with vibrant restaurants and hangout spots that promise an endless array of culinary delights and social interactions for tenants to relish. Become the landlord who offers their tenants not just a place to live but a flourishing community to call home. Embrace the potential to attract tenants seeking an enriched lifestyle where entertainment, leisure, and convenience are just a stone's throw away. Don't miss out on this opportunity to be part of your tenants' journey as they discover a world of possibilities and cherish the comfort and allure of this flourishing locale. Secure your position as a landlord of distinction, and let this remarkable investment property elevate your real estate venture to new heights of success. www.westharborla.com