684 W 23rd Street

San Pedro, CA 90731

Large 1999 construction non-rent controlled (RSO) triplex with 100% townhome style units. Extra large 2 story owner's unit in front with 3 beds and 2.5 baths plus attached 2 car garage. Two more large 2 story townhome style units in rear with 2 beds and 1.5 baths each. Parking lot in rear with 4 spaces for rear units. Well priced at 13.2X GRM on actuals plus a 27% upside to a GRM of 10.4X and a 6.3% cap rate at market rents. Beautiful Point Fermin location only 3 blocks to Cabrillo Marina and a few blocks to Cabrillo Beach. Less than a mile from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail.

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