456 W 11th ST San Pedro, CA 90731

We are pleased to present 456 West 11th Street, a renovated 11-unit apartment building in San Pedro, California. San Pedro is located on the Rancho Palos Verdes Peninsula in Los Angeles South Bay region and adjacent to the Port of Los Angeles. Thanks to a massive effort to improve the Los Angeles waterfront, San Pedro is undergoing rapid redevelopment, with over $1 Billion invested in current public and private projects.

The offering is a sought-after 90s construction asset; as a 1992 construction, it is not subject to rent control. The building contains a desirable diverse mix of one, two and three-bedroom units, with 64 percent two-bedroom units. The units are separately metered for gas and electricity and have been recently renovated with new flooring, granite countertops, appliances, blinds and more. Additionally, the property offers on-site laundry and secure covered parking.

With good cash flow on current rents and additional potential upside, 456 West 11th Street presents an excellent opportunity to acquire a non-rent controlled, renovated asset in a rapidly redeveloping area with historically low vacancy rates.