1825 South Gaffey Street

Probably the cheapest brand new building in San Pedro with an expected CAP rate of 5.90. This is a brand new building just completed construction in December 2023. This is a non rent controlled building. It is rare to find similar buildings in San Pedro. All units are 3 story town house style. All units are separately metered for Water, gas and Electricity. Units have central Air condition and heating. Each unit has it's own exterior camera system with a monitor inside the unit. There are 6 parking spaces on site. The solar is already installed for all 3 units and paid for. Stainless steel Refrigerator, Stove, Dish washer, microwave and washer, dryer is included. All units have large bedrooms. The square footage is based on R3 occupancy and buyer to verify. The each unit is built with 2 large standing showers. All units have balconies. Also have a pick a boo view of harbor and ocean view from the 3rd floor. The subject property is located with in a bike ride from new San Pedro harbor front development. Buy before prices go up. Many restaurants, shops and 110 freeway is nearby. This is a great property for an investor as well as for an owner occupant who wants to occupy one unit and collect rents to subsidize the mortgage payment.