Classic Spanish in one of LA's oldest and tried-and-true rental markets. Beautiful ocean breezes and access to beaches, parks, Palos Verdes and one of LA's largest employers - The Port of Los Angeles. The building sits in one of San Pedro's best neighborhoods, Weymouth Corners. A pastoral, neighborhood with predominantly single family homes. This investment is perfect for a 1st Timer or investor who might want an easy addition to the portfolio. Excellent assumable loan of $1,365,000 at 5% I/O (1 year left+/-). Assume this while interest rates compress, then get a longer-term bank loan.
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