707 W 30th St, San Pedro, CA 90731

Property Description

The Marina Manor Apartments, located at 707 West 30th Street in San Pedro, are available for sale for the first time in nearly 40 years. This 7-unit property is located in the sought-after Point Fermin/Palisades area of San Pedro, close to the waterfront redevelopment and Marina. The 4,906 square foot building shows well with terrific ocean views and airy, sunny units. The units are a mix of (5) Two Bedroom units, (1) One bedroom unit, and (1) Studio, each individually metered for gas and electricity. There are six garage parking spaces (two additional if tandem parking) as well as onsite laundry for tenant convenience. There is almost 50% rental upside for a new owner, as well as additional upside potential in renting out the garage spaces! Each unit has either a balcony or small patio to enjoy the sea breeze, and the building was repainted just last year! The immediate area is flush with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!