First time on the market in over 50 years! Nestled in the highly sought-after Point Fermin neighborhood, this neatly manicured four-unit apartment building offers a unique investment opportunity in one of the area's most desirable coastal communities. Each of the four units features two bedrooms and one bathroom and includes one parking space in a shared garage. The front, upper owner's unit will be delivered vacant, presenting an ideal opportunity for an owner-occupant or the ability to lease at current market rents. Residents also enjoy the convenience of on-site community laundry. Ideally located to enjoy refreshing ocean breezes, the property is just moments from Cabrillo Beach, Cabrillo Marina, Point Fermin Park, and Korean Bell of Friendship. It is also minutes from the transformative West Harbor waterfront redevelopment, bringing exciting new dining, entertainment, shopping and recreation to the San Pedro waterfront. With its prime coastal location and long-term appreciation potential, this is a property that rarely becomes available.