Mark Vinton

Realtor®
Vylla Home, Inc.
562-212-4595
Licensed In: CA
License #: DRE 01322983

577 West 4th Street is a 4 unit apartment building located in the Barton Hill community of San Pedro and consists of (4) two bedroom, 1 bathroom apartments all with garages, inside laundry hookups and green courtyard space. This property received a new roof, new stucco, new windows and new garage doors, new rear gate and new exterior paint within the past 5 years. A new sewage line was installed within 1 year. Each unit has separate gas and electric meters. Yearly income is just over $60,000 with long-term tenants. 

Demand for rentals in this community is HUGE, it's centrally located within minutes of the LA Waterfront, shopping, restaurants, freeway access and much more! A 3-5 minute walk outside the door leads to Starbucks, Rite-Aid, and a host of shopping and restaurants. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O’ Call Village. 577 West 4th Street is a perfect opportunity for a 1031 exchange, 1st time investor or seasoned investor alike. With a GRM of 15.7 and a CAP rate of 4%, this is an excellent investment for your portfolio. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture upside in rents.