CALL FOR OFFERS FRIDAY FEBRUARY 16th by 5PM
Marcus & Millichap, as the exclusive listing agent, is proud to present a rare 36 unit apartment community located in the South Bay community of San Pedro, CA. This is the only apartment complex in San Pedro that features unobstructed panoramic ocean views.
The offering is located about 25 miles from Downtown Los Angeles. The building features 34,651 square feet of gross area and it sits on a 27,183 square foot lot. The building is comprised of a great unit mix of 1 studio/one bathroom unit, 7 one bedroom/one bathroom units, 18 two bedroom/one bathroom units, 6 two bedroom/two bathroom units and 4 three bedroom/two bathroom units.
The complex features unobstructed ocean views as well as views of the City of San Pedro and local landmarks such as Cabrillo Beach, Catalina Island and the Korean Bell. 2017 capital improvements include new exterior paint, new sewer and plumbing systems, forced air heaters in every unit, two state of the art 200 gallon master boilers and vinyl windows throughout the units.
Common area amenities feature a new brick courtyard with a fountain and multiple tables and chairs for outdoor dining. There is also a sundeck with a 360 degree view of the city and panoramic views of the Pacific Ocean. Tenants can enjoy new Adirondack Chairs which were put in as well for sunbathing.
The building is nestled in a highly residential neighborhood of San Pedro, close to the border of Palos Verdes. This offering allows an investor to acquire a pride of ownership apartment in a highly desirable area of the South Bay.
