2038 S Alma St, Los Angeles, CA 90731

Property Description

Investment opportunity in San Pedro featuring a four-unit property with a versatile unit mix and four private one-car garages. The property includes three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. The two front units 2038 and 2038 1/2 Alma are single-level 2-bedroom attached residences. The two rear units are 982 W 21st, a 2-bedroom, 1-bathroom unit situated above three of the 1 car garages and 982 1/2 W 21st a 1-bedroom, 1-bathroom unit above a separate one-car garage. The 1 bedroom unit is currently vacant, making it a great option for owner occupied. .With four individual garages and a mix of two- and one-bedroom floor plans, the property offers a solid foundation for an investor looking to improve, reposition, or hold for the long term. The property has some deferred maintenance, presenting an opportunity for a buyer to make improvements and add value over time. Landlord pays water, trash, and sewer. 4 gas and 4 electric meters. Main sewer line replaced in 2025.Unit 2038 Alma was recently updated. Located in San Pedro with convenient access to neighborhood amenities, shopping, dining, transportation routes, and many destinations throughout the Harbor Area. A compelling opportunity for an investor seeking a multi-unit property with parking, functional layouts, and future upside.