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Listed by Frank Ponce • Coldwell Banker Realty
$2,499,000
Est. payment /mo
4,964 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,964 sqft
Price per Sqft $503
MLS Listing ID CRPV25099370
HOA Y/N No
Year Built 1964
Lot Size 5,001 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Exceptional Investment Opportunity in San Pedro’s Thriving Rental Market-Nestled in the Point Fermin neighborhood of San Pedro, California, this meticulously maintained five-unit apartment building presents a rare and lucrative investment opportunity. Located on Gaffey Street just south of 22nd, this property benefits from a strong rental demand in one of the most picturesque coastal communities in Southern California. Property Highlights • Five units total, including four spacious 2-bedroom, 1-bath apartments plus a permitted ADU with certificate of occupancy. • Built in 1964, this classic apartment building has been carefully preserved and thoughtfully updated. • All units are separately metered for gas and electricity, offering convenience and cost efficiency. • Stunning harbor views, creating an attractive living environment for tenants. Prime Location & High Demand Rental Market San Pedro’s rental market continues to thrive, offering investors steady income potential. This property is situated near key attractions such as: • Cabrillo Marina – Perfect for boaters and ocean lovers. • Cabrillo Beach – A favorite spot for sun-seekers and outdoor enthusiasts. • Bustling Local Shops, Cafés, and Restaurants – Vibrant coastal living in a growing community. A
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Laundry Inside
Exterior
View Hills, Marina, Other
Building
Lot Description Sloped Down
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