About 663 W 5th Street
We are pleased to present 663 W 5th St, a six-unit multifamily property located in the heart of San Pedro, CA and only blocks away from the vibrant downtown neighborhood. Built in the 1990s and being offered for sale for the first time ever, this well-maintained asset features a diverse unit mix consisting of one 2-bedroom/2-bathroom unit, one 2-bedroom/1-bathroom unit, and four studio units. Given the building was built in 1990, the property DOES NOT fall under LA City rent control. The property offers seven on-site parking spaces and presents investors with an estimated 20% rental upside through future modernization and rent adjustments. Situated in a rapidly developing pocket of San Pedro near local restaurants and major transit corridors, 663 W 5th St provides a great opportunity to acquire a building with strong in-place income and long-term growth potential. For more information, please reach out.
