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Exceptional Investment Opportunity in San Pedro’s Thriving Rental Market-Nestled in the Point Fermin neighborhood of San Pedro, California, this meticulously maintained five-unit apartment building presents a rare and lucrative investment opportunity. Located on Gaffey Street just south of 22nd, this property benefits from a strong rental demand in one of the most picturesque coastal communities in Southern California.Property Highlights• Five units total, including four spacious 2-bedroom, 1-bath apartments plus a permitted ADU with certificate of occupancy.• Built in 1964, this classic apartment building has been carefully preserved and thoughtfully updated.• All units are separately metered for gas and electricity, offering convenience and cost efficiency.• Stunning harbor views, creating an attractive living environment for tenants.Prime Location & High Demand Rental MarketSan Pedro’s rental market continues to thrive, offering investors steady income potential. This property is situated near key attractions such as:• Cabrillo Marina – Perfect for boaters and ocean lovers.• Cabrillo Beach – A favorite spot for sun-seekers and outdoor enthusiasts.• Bustling Local Shops, Cafés, and Restaurants – Vibrant coastal living in a growing community.As San Pedro undergoes ongoing redevelopment, including the exciting West Harbor waterfront project, rental properties are becoming even more valuable. The area’s proximity to major freeways, employment centers, and scenic coastal destinations makes this apartment complex an exceptional long-term investment.Why Invest Here?San Pedro’s charm, strong rental demand, and steady appreciation potential make this five-unit building an outstanding addition to any investor’s portfolio. Whether you’re looking to expand your holdings or secure a lucrative rental property in a high-demand location, this is an opportunity you don’t want to miss.
Property Type(s):
Residential Income
| Last Updated | 5/16/2025 | Year Built | 1964 |
|---|---|---|---|
| Community | Point Fermin | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| APPLIANCES | Gas Oven, Gas Range, Refrigerator |
|---|---|
| AREA | Point Fermin |
| CONSTRUCTION | Asphalt, Concrete |
| GARAGE | Door-Single, Garage, Yes |
| HEAT | Wall Furnace |
| INTERIOR | All Bedrooms Down, Balcony |
| LOT | 5001 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre, Sloped Down |
| PARKING | Door-Single,Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Contemporary |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| VIEW | Yes |
| VIEW DESCRIPTION | Harbor,Hills,Marina |
| WATER | Public |
| ZONING | LARD1.5 |
Location
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Listed with Coldwell Banker Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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