Condominium buy in Harbor Hills California

Value-add *** 3 Multi-Family Duplexes (6 Units) *** in one of the most sought-after areas of San Pedro. Prime investment for upgrading, additional, or new development, this 2 lot oversized property near the water has significant upside on the below-market rents which are at approximately 33% under market value. San Pedro is a fast growing community which has commenced a multi-million dollar Promenade & Harbor development, with entertainment, dining options, & views of the harbor ocean. The property consists of 2 lots with 3 buildings set up as bungalows. Two buildings on the West and East, and one building to the North. The bungalows surround a huge courtyard with endless possibilities. Check into building 2 additional units in the middle? Possible ocean/harbor views if building additional stories. Includes two car parking onsite. Gated and well maintained with wide plank vinyl flooring, tile floors, wood kitchen cabinets, and more. Separate meters for gas and electric. Low expenses. 2 of the units might be easy to evict. This is a prime area is in the midst of enormous transformation in San Pedro with new PUDs and condos built nearby. Subject to RSO. Well situated for renters or future condo / PUD owners (?) just minutes to Cabrillo beach, near Barton Hill Elementary School, churches, supermarkets, shopping, numerous parks, trendy downtown restaurants, art galleries, and downtown San Pedro with its unique character. Just blocks to the 110 & 47 freeways, with a short 30-minute drive to downtown L.A. & 10 minutes from Long Beach. Do not miss this opportunity. Check Supplement attached. All information deemed accurate, but not guaranteed. MLS® ID: SB22160019 Listed: 7/24/22 Updated: 10/4/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Floor Description: Tile Exterior/Building Features Lot Size: 10,002 ft2 lot Lot Details: Level, Rectangular Lot, Walkstreet, Yard Sewer: Public Sewer Other Property Details Area Name: 189 - Barton Hill HOA Amenities: Curbs, Park, Street Lights, Sidewalks, Urban Garage: No Parking: Driveway View: N County: Los Angeles Utilities: Overhead Utilities Water Source: Public Pool: No Pool Description: None Total Stories: 1 Zoning: LAR2 Listed by Clara Duran-Reed, The Duran Reed Firm, Inc., Based on information from California Regional Multiple Listing Service, Inc. as of 10/4/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.