866 868 W 25th St, San Pedro, CA 90731

Property Description

This well maintained Duplex is a 2 story building and consists of two very large 3 bedroom 2 bath apartment units with one above the other. Originally built in 1949 as a single family residence, the property was rebuilt in 1983 into its present configuration with permits. The units are over 1300 square feet each and both units are rented to long term tenants. The lower unit has its own enclosed yard and there is a two car garage included with the lower unit. A new roof was installed a little over 2 years ago, each unit has its own water heater, copper plumbing and the tenants pay for gas and electric utilities. Rents are below market with upside in income upon unit turnover. This is an excellent opportunity for the astute investor or potential owner-user. This property is in an excellent South San Pedro Location, West of Gaffey, and very close to many activities: hiking, swimming, biking, sailing, and picnicking in nearby parks such as Angeles Gate Park and Pt. Fermin Park and Lighthouse. It is also a short bike ride to Cabrillo Beach, Cabrillo Marina and the multimillion dollar LA Waterfront Development (See link) https://www.lawaterfront.org/.