Courtesy of: Chase Simonton, RE/MAX One, Chase@RemaxOneCommercial.com
Courtesy of: Chase Simonton, RE/MAX One, Chase@RemaxOneCommercial.com
$1,395,000
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6 bed
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4,057 square feet
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7.00 Bath (7 Full)
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Lot: 0.11 Acres
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Other
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$1,395,000
663 W 5th St 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.
Courtesy of: Chase Simonton, RE/MAX One, Chase@RemaxOneCommercial.com
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