Description
577 West 4th Street is a 4 unit apartment building located in the Barton Hill community of San Pedro and consists of (4) two bedroom, 1 bathroom apartments all with garages, laundry hookups and green space. This property received a new roof, new stucco, new windows and new garage doors approximately 4 years ago. Each unit has separate gas and electric meters.
Demand for rentals in this community is HUGE, it's is centrally located within minutes of the LA Waterfront, shopping, restaurants, freeway access and much more! A 3-5 minute walk outside the door leads to Starbucks, Rite-Aid, and a plethra of shopping and restaurants. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O’ Call Village.
577 West 4th Street is a perfect opportunity for a 1031 exchange, 1st time investor or seasoned investor alike. With a GRM of 16.6 and a CAP rate of 4.9, this is an excellent investment for your portfolio. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture upside in rents.
