382 W 12th St, San Pedro, CA 90731

Property Description

Excellent property, well maintained and managed. Property consists of 5 units, three buildings. First building is a 2x1 house with front porch and backyard. Second building is a duplex with 2-2x1 units. Third building is a duplex with two singles. Each unit has a private front deck (average 100-150 sq. ft.) and four units have laundry hook-ups. All units have separate front and back door entries. Property has secure fencing and entry gates. This is a low maintenance property with low expenses. Tenants pay their own gas, electricity and trash. Property is near Ports O' Call, Downtown and Marina. There is easy access to freeways; cross the St. Vincent Thomas bridge and you have access to Long Beach Convention Center, Pine Street and Waterfront Restaurants. Property is located in a strong rental area. Responsible paying tenants occupy this building and continue to pay rent as agreed even during this COVID 19 pandemic. This asset is positioned to take advantage of the ongoing revitalization of Downtown San Pedro and Enhancement of the Waterfront. All Lateral plumbing pipes are copper. All vertical plumbing pipes copper with exception of unit 382 bathroom and unit 384 1/2 bathroom and laundry room. Owner will cooperate with 1031 exchanges. House new roof March 2020.