3445 S Pacific Ave, San Pedro, CA 90731

Property Description

Great opportunity to own this triplex located just 2 blocks from Cabrillo Beach in Point Fermin, San Pedro. Two of the three units can be rented at current market rents, giving the property a GSI of $60,876 with a 15.6 GRM and 4.6% cap rate. Huge upside potential, as the third unit is being rented way below market rents. Proforma GSI with all units at market rents is $70,800, which would give a 13.42 GRM and a 5.7 cap rate. Well maintained 3 unit property with a top floor remodeled "owner's unit". All 2 bedroom, 1 bath units with inside laundry. Front unit features a large patio that spans the entire width of the building with amazing panoramic views facing the beach with a peek-a-boo ocean view! Back top unit features views facing towards the beach from the living room, kitchen, bedroom, and patio. Top floor unit "owner's unit" is nicely remodeled with crown molding, custom paint, laminate wood flooring in kitchen and hallway, and updated kitchen and bath. All units have dual pane vinyl windows. Located just 2 blocks to Cabrillo Beach, with picnic areas, BBQs, ping pong tables, volleyball nets, Cabrillo Marine Aquarium, bike rental station, and fun in the sun!