Asking Price: $998,900

The fundamentals never change. This well-maintained 5-unit apartment building sits in one of San Pedro's fastest-changing corridors, offering investors immediate stability plus real upside. Each of the five units is a private 1-bed/1-bath apartment with its own separate utility meter, keeping management straightforward and turnover simple. A garage on-site adds extra income, currently rented out as storage. The numbers: 5.50% cap rate in place today, with a pro-forma cap rate of 7.42% as below-market units turn over — a path fully supported by California's Costa-Hawkins vacancy decontrol provisions. Location is what sets this property apart. It's minutes from Long Beach's booming Space & Defense corridor, and walking distance to the San Pedro waterfront revitalization, the LA Cruise Hub, and the new West Harbor development. Add the 2028 LA Olympics to the horizon, and this pocket of San Pedro is set up for years of sustained growth. This is a rare opportunity to own five units in a location with this much momentum behind it — and now, at a new price. Bring your investment strategy; the fundamentals are already here