PROPERTY DESCRIPTION

Get ready to own this unique turnkey triplex with 7 bedrooms and 4 bathrooms, spanning 3,731 sq ft. Built in 1988, this property is not subject to RSO rent control. It is situated on a 5,001 sq ft elevated lot with alley access in the highly sought-after Holy Trinity Area of San Pedro. The property offers panoramic ocean and hill views from both front-facing units. Some recent upgrades include a new roof, deck/balcony waterproofing, double-pane windows, new flooring, central heating, remodeled bathrooms, and appliances. This one-of-a-kind property provides numerous development or usage options for the future owner. An opportunity also exists to increase the Gross Annual Income from over $108k to over $132k by converting the three-car garage into an ADU while maintaining 4 parking spaces at the back of the property. The property features a mix of units, all separately metered for gas and electricity, consisting of 2 units with 2 bedrooms and 1 bathroom each (around 880 sq ft each) and one spacious 3-bedroom, 2-bathroom Penthouse Unit close to 2,000 sq ft in size. The Penthouse Unit offers a primary bedroom with an ensuite bathroom, an open fireplace, an around 600 sq ft deck, a balcony with ocean views, and more. Whether you are an investor or looking to settle down, this property offers flexibility and comfort. Act quickly, as this opportunity will not last for long! All units will be delivered vacant. --