349 W Amar St Active Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,237 sqft
Price per Sqft $486
MLS Listing ID 25602903
Bedrooms 8
Year Built 1923
Annual Tax Amount $19,688
Lot Size 8,100 Sqft
Property Sub-Type Multi-Family
Property Description
This exceptional investment opportunity features two adjacent fourplexes in the heart of San Pedro, California, each with its own Assessor's Parcel Number, comprising a total of eight single-story one-bedroom, one-bathroom units on a spacious 8,100 square-foot combined lot. Currently delivering strong financial performance with a 6.05% cap rate and 11.25 gross rent multiplier, the property offers significant upside potential, projecting an 8.37% pro-forma cap rate and 8.87 pro-forma GRM through targeted rent increases and enhancements. Its prime location, less than one mile from the iconic Los Angeles Waterfront, the transformative West Harbor development, the picturesque San Pedro Promenade, and the upcoming 6,200-seat waterfront amphitheater, positions it for substantial appreciation amid ongoing revitalization. Fully gated for security and equipped with eight dedicated parking spaces, the asset is conveniently situated just a half-mile from key employment and tourism drivers, including the World Cruise Center, Battleship USS Iowa Museum, Los Angeles Maritime Museum, and the bustling Port of Los Angeles. The expansive lot further unlocks future value through opportunities to add Accessory Dwelling Units (ADUs) or pursue redevelopment, making this a versatile and high-potential holding in a dynamic coastal market poised for growth.
Location
State CA
County Los Angeles
Area Barton Hill
Zoning LAR2
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Uncovered
Garage Spaces 8.0
Building
Story 1
Others
Special Listing Condition Standard