770 W 2nd St, San Pedro, CA 90731

Property Description

Get ready to own this unique turnkey triplex with 7 bedrooms and 4 bathrooms, spanning 3,731sq ft. Built-in 1988, this property is not subject to RSO rent control. It is situated on a 5,001 sq ft elevated lot with alley access in the highly south-after Holy Trinity Area of San Pedro, panoramic ocean and hill views for both front-facing units. Some recent upgrades include a new roof, deck/balcony waterproofing, double-pane windows, new flooring, central heating, remodeled bathrooms, and appliances. This one-of-a-kind property provides numerous development or usage options for the future owner. An opportunity also exists to increase the Gross Annual Income from over$108k to over $132k by converting the three-car garage into an ADU while maintaining 4 parking spaces at the back of the property. The property features a mix of units, including a 3-bedroom Penthouse Unit that is close to 2,000 sq ft in size. The Penthouse unit offers a primary bathroom with an ensuite bathroom, an open fireplace, an around 600 sq ft deck, a balcony with ocean views, and more. Whether you are an investor or looking to settle down, this property offers flexibility and comfort.