About 267 W Ofarrell Street
Well-maintained 4-unit investment opportunity in a rapidly appreciating area of San Pedro, featuring 4 spacious 1-bedroom/1-bath units. Current rents are $1,874, $1,895, $997, & $1,850, generating $6,616 per month and $79,392 annually. Priced at 12 GRM, this property offers the best income value on the market, with additional rental upside. >>Major improvements include full renovations of three units, exterior stucco completed in 2021, copper plumbing, dual-pane windows, and individual water shutoff valves. Each unit is separately metered for gas and electricity, and tenants pay for trash, gas, and electricity, helping reduce the owners operating expenses. Ideally located minutes from the LA Waterfront, Downtown San Pedro, Cabrillo Marina, the West Harbor redevelopment, and major transportation corridors. An excellent opportunity for a new or experienced investor seeking strong current income, significant improvements, and future upside.
