340 W 11th ST San Pedro, CA 90731

The property is a two-story 1964 construction with four two-bedroom/one-bath units, two one-bedroom/one-bath units, and a non-conforming studio that a new investor may be able to legalize utilizing new ADU laws (buyer to verify). The building is securely gated, separately metered for gas and electricity, and offers shared on-site laundry, three single-car garages, and one two-car garage.

340 West 11th Street has been well-maintained and boasts numerous recent upgrades that include a complete $60,000 soft-story retrofit, hard-wired smoke alarms and gas shut-off valves to meet city code, a new central water heater. Additionally, Unit F has been renovated in the past year with new flooring, light fixtures, paint, blinds, and a new stove.

With 46 percent overall potential upside in rents, 340 West 11th Street is an excellent value-add opportunity in a dense rental market that is undergoing major redevelopment.