We are pleased to present this fourplex in the Point Fermin area of San Pedro! The unit mix consists of four 2+1 units with one unit having an ocean view. The investment consists of approximately 3,672 of rentable square feet and is situated on an approximately 6,092 square foot parcel. Recent property upgrades include new vinyl windows throughout, a newer roof and new water heaters in each unit. The building amenities include a large driveway with 4 carport spaces. Each unit includes an in-unit washer & dryer and some of the units have been renovated. All units are due for a 4% rent increase upon a new buyer taking over the property. The property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance. Point Fermin is a very popular destination for renters as this location consists of mainly single family homes and smaller residential properties. The building is 2 miles from the new Ports O' Call development. This development is totally revitalizing the city of San Pedro and bringing terrific restaurants and retail to the area. The building is also close to Point Fermin Park and the Korean Friendship Bell. This sprawling coastal park offers panoramic ocean views, lush green spaces, and recreational amenities such as hiking trails, picnic areas, and a historic lighthouse.