About 267 W Ofarrell Street
Well-maintained 4-unit investment opportunity consisting of four spacious 1-bedroom/1-bath units. Three units have been fully renovated, including one renovated unit that will be delivered VACANT, offering immediate lease-up potential at market rent or OWNER-USER opportunity. Two renovated units are currently rented at $1,874 & $1,895, while the unrenovated unit is occupied by a long-term RSO tenant at $997, providing additional rental upside. >Major improvements include exterior stucco completed in 2021, copper plumbing, dual-pane windows, and dedicated water shutoff valves. Each unit is separately metered for gas and electricity, with tenants paying trash, gas, and electric expenses. An attractive San Pedro investment offering strong in-place income, immediate upside through the vacant unit, and limited near-term capital improvement needs.*** Ideally located just minutes from the rapidly transforming LA Waterfront, Downtown San Pedro, Cabrillo Marina, Ports O' Call Village redevelopment, and major transportation corridors, the property benefits from strong rental demand and continued neighborhood revitalization. An excellent opportunity for investors seeking stable in-place income with future upside.
