828-832 W 19th St, San Pedro, CA 90731

Tri-Plex Investment Opportunity in Vista Del Oro situated above Gaffey St. between Meyler St. and Cabrillo Ave. This 3 unit property offers a great unit mix featuring two free-standing buildings. The duplex in front was constructed in 1922 and is subject to LA City RSO rent control. Each unit consists of 2 bedrooms, 1 bath. The upper unit has a private balcony the lower unit has a ground level patio. There is a common laundry room for the duplex. The large detached rear 3 bedroom unit was constructed in 1989 over a 6 car garage (3 separate private tandem garages) and is NOT SUBJECT to LA City RSO rent control. The rear unit features a large primary bedroom, private balcony, private patio, interior washer dryer hook-ups and an attached private 2 car tandem garage. The other two tandem garages have been converted to single car with two large separate storage rooms for additional rental income. In addition to the garage in the rear the long driveway in the front can accommodate up to 3 vehicles. Each unit is separately metered for gas and electric paid by tenants. Both Buildings have new roofs installed in 2016. A 4.8 cap rate at list price. A 6.5 cap rate with market rents. Just a few minute from the Ports O’ Call Village Waterfront! The Multi-Million dollar LA Waterfront “West Harbor” revitalization project now under way. This will bring 42 acres of new restaurants, shopping, outdoor amphitheater, office space, entertainment and dog parks... perfect for future increased rental demand