Los Angeles, Residential Income – 4081 Bluff Pl, San Pedro, CA 90731, USA -001-11-30T00:00:00-08:00
This San Pedro Landmark offers the only Ocean Front Apartment Complex in San Pedro, and is situated on 27,167 Sq. Ft. Of Land! With its three story modern architecture, this 36 unit Community provides tenants with 360 degree Ocean Views that face Catalina, t
4081 Bluff Pl, San Pedro, CA 90731, USA
$17,100,000 USD
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Address4081 South Bluff place Avenue, San Pedro
Price$17,100,000
Year Built1963
Bedrooms Total0
Living Area34,561 ft2
Lot Size (Sq.Ft.)27,183
Listing IDOC17049300
StatusActive
Parcel Number7467026012
ZoningLARD2
Special ConditionsStandard
Days on Market45

Detailed Description: This San Pedro Landmark offers the only Ocean Front Apartment Complex in San Pedro, and is situated on 27,167 Sq. Ft. Of Land! With its three story modern architecture, this 36 unit Community provides tenants with 360 degree Ocean Views that face Catalina, the city lights of Long Beach, the San Bernardino Mountains, and the passing cruise ships. Recently the property has undergone a massive interior renovation project, which included, but was not limited to the following improvements; new 2017 ABS Sewers and a brand new Plumbing System, two new Master Boilers with Circulation Pumps, Forced Air Heating and Vinyl Windows throughout. Additionally, all units have been upgraded with Granite, Modern Backsplashes, Cabinetry, Flooring, Tile, Stainless Steel Appliances, and Scraped Ceilings. Currently, the property intentionally has 19 vacant units which are highly upgraded, and ready to be rented at the market rates. Since San Pedro is a rent controlled city, this is a very rare opportunity to obtain above an above market return, for a World Class / Trophy Property. San Pedro is undergoing massive changes with new developments such as the ALTA Sea Research Center 3,000 + jobs, and the New Ports-O Call Village with are both a short walk away. Consider this a Once-in-a-Lifetime Value Add Play, without the need for costly capital improvements to add the value.

Pool Private
Rent Control
Property Attached
Land Lease

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Address Information
Address4081 South Bluff place Avenue, San Pedro
Street PrefixSouth
Street SuffixAvenue
CitySan Pedro
Location (MLS Area)699 – Not Defined
County Or ParishLos Angeles
State or ProvinceCalifornia
Postal Code90731
Postal Code Plus47164
CountryUnited States
Financial Information
Price per Square Foot$494.78
Price per Lot Square Foot$629.07
Special ConditionsStandard
Total Expenses$353,312
Operating Expense$353,312
Gross Income$994,968
Gross Scheduled Income$998,524
Net Operating Income$641,656
Tax Year2017
Tax Lot8
Full Descriptions
Parcel Number7467026012
Detailed DescriptionThis San Pedro Landmark offers the only Ocean Front Apartment Complex in San Pedro, and is situated on 27,167 Sq. Ft. Of Land! With its three story modern architecture, this 36 unit Community provides tenants with 360 degree Ocean Views that face Catalina, the city lights of Long Beach, the San Bernardino Mountains, and the passing cruise ships. Recently the property has undergone a massive interior renovation project, which included, but was not limited to the following improvements; new 2017 ABS Sewers and a brand new Plumbing System, two new Master Boilers with Circulation Pumps, Forced Air Heating and Vinyl Windows throughout. Additionally, all units have been upgraded with Granite, Modern Backsplashes, Cabinetry, Flooring, Tile, Stainless Steel Appliances, and Scraped Ceilings. Currently, the property intentionally has 19 vacant units which are highly upgraded, and ready to be rented at the market rates. Since San Pedro is a rent controlled city, this is a very rare opportunity to obtain above an above market return, for a World Class / Trophy Property. San Pedro is undergoing massive changes with new developments such as the ALTA Sea Research Center 3,000 + jobs, and the New Ports-O Call Village with are both a short walk away. Consider this a Once-in-a-Lifetime Value Add Play, without the need for costly capital improvements to add the value.
Lot FeaturesBluff Front, Corner Lot
Community FeaturesCurbs, Sidewalks
Water SourcePublic
Pool FeaturesNone
Property parameters
Year Built1963
Living Area (Sq.Ft.)34,561 ft2
Lot Size (Sq.Ft.)27,183
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total36
ZoningLARD2
Parking Spaces36
Garage Spaces36
LevelsTwo
Water SourcePublic
Units Total36
Year Built SourceAssessor
Number of Separate Electric Meters37
Number of Separate Gas Meters37
Number of Separate Water Meters1
Listed withPat Swanson (Pat Swanson)