409 West 22nd presents a terrific opportunity for a discerning investor to acquire eight units in San Pedro. Boasting a strong in-place Cap Rate with projected 22% +-/ rental upside, there are several ways that an investor can tackle this! The units are large for one beds, averaging just over 800 square feet each and most have their own distinct, separate entryways from other units, giving a better sense of privacy for tenants. Several units even have balconies! The property sits on two separate parcels with a large parking area to the rear, for a combined lot square footage of 10,414. Located in the Point Fermin neighborhood, the property is close to Cabrillo Beach and the Marina! The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!