663 W 5th Street, San Pedro, CA 90731
List Price: $1.4M
Listing Status: ActiveUnderContract
Original List Price: $1.48M
0Days on Market: 59
6 Bedrooms · 7 Bathrooms · 4,057 sq ft
Property Type: ResidentialIncome
Year Built: 1990
Lot Size: 5,000 sq ft
MLS Number: 26853869
About This Property
Turnkey 6-unit Multifamily investment opportunity located in the heart of San Pedro. Built in 1990, the property is exempt from Los Angeles City Rent Control (RSO), positioning the asset for long-term income growth in a market supported by strong rental demand. The property has been extensively renovated with a new roof, electrical systems, copper plumbing, water heater, and upgraded laundry facilities. Interior improvements include remodeled kitchens and bathrooms, hardwood flooring, recessed lighting, fresh paint, and updated fixtures, creating a true turnkey investment with minimal deferred maintenance. 5/6 of the units have been fully renovated. Located in a highly walkable San Pedro neighborhood, the property features secured gated entry and parking and is just minutes from the$200 million West Harbor redevelopment. With convenient access to the I-110 Freeway, the asset is well positioned to benefit from the area's continued growth and revitalization.
Listing provided by: Chase Simonton DRE #01766871 818-366-3300 Chase@RemaxOneCommercial.com, RE/MAX One
Source: CRMLS, MLS #: 26853869
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.