349 W Amar Street

San Pedro, CA 90731

This exceptional investment opportunity features two adjacent fourplexes in the heart of San Pedro, California, each with its own Assessor's Parcel Number, comprising a total of eight single-story one-bedroom, one-bathroom units on a spacious 8,100 square-foot combined lot. Currently delivering strong financial performance with a 6.05% cap rate and 11.25 gross rent multiplier, the property offers significant upside potential, projecting an 8.37% pro-forma cap rate and 8.87 pro-forma GRM through targeted rent increases and enhancements. Its prime location, less than one mile from the iconic Los Angeles Waterfront, the transformative West Harbor development, the picturesque San Pedro Promenade, and the upcoming 6,200-seat waterfront amphitheater, positions it for substantial appreciation amid ongoing revitalization. Fully gated for security and equipped with eight dedicated parking spaces, the asset is conveniently situated just a half-mile from key employment and tourism drivers, including the World Cruise Center, Battleship USS Iowa Museum, Los Angeles Maritime Museum, and the bustling Port of Los Angeles. The expansive lot further unlocks future value through opportunities to add Accessory Dwelling Units (ADUs) or pursue redevelopment, making this a versatile and high-potential holding in a dynamic coastal market poised for growth.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.